Updated Duplex
For Sale
$379,000
103 Stewart Lane, Chapel Hill, NC 27514
Residential, Chapel Hill, NC
Property Size1,344 SF
Lot Size0.10 Acres
Price / SF$281.99
Days on Market140
Property Features for 103 Stewart Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Laundry Room, Laundry Room, Family Room, Bedroom 1, Bathroom 1
Subdivision
Erwin Village
Elementary school
Chapel Hill Carrboro - Ephesus Road Elementary Sch
Middle school
Chapel Hill Carrboro - Guy B Phillips Middle Schoo
High school
Chapel Hill Carrboro - East Chapel Hill High Schoo
Standard status
Active
APN
9799495283
Size
1,344 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
9A Erwin Village P74/198
Tax Annual Amount
5099
HOA Fee
$180 Monthly
Legal Description
9A Erwin Village P74/198
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Attic Fan, Central Air, Electric
Water source
Public
Building Details
Year built
1995
Floors in Building
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Fiber Cement
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Golden House Realty, LLC
(919) 462-6680
Listed By:
Wei Huang · License #235392
(919) 491-0697
Added: Jun 20
Changed: Oct 29
Last Checked: Nov 6 at 10:06AM
MLS# 10175456
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,344-square-foot contemporary duplex residence, built in 1995, sits on a 0.1-acre lot in Chapel Hill. The home offers an open living area with high ceilings, hardwood flooring, a first-floor primary bedroom, three bedrooms, two bathrooms, and a dedicated laundry room. Recent improvements include granite kitchen countertops, a new range and vent hood, updated bathroom lighting and faucets, fresh interior paint, a new front-load LG washer and dryer, and an updated rear deck. The fenced backyard and mature trees add usable outdoor space. Construction is fiber cement with a shingle roof, public water, and public sewer. Heating is provided by natural gas, central, and forced-air systems, while cooling includes central air, electric, and an attic fan.
The property is positioned across from an open green field and within walking distance of the Booker Creek trail, Wegmans, Trader Joe’s, banks, restaurants, and clinics. UNC is 4 miles away, Duke is 8 miles away, RTP is 9 miles away, and RDU International Airport is 15 miles away. Access to 15-501 and I-40 is nearby, and free bus service connects with UNC and Chapel Hill, with a separate free Duke route for students.
The property is positioned across from an open green field and within walking distance of the Booker Creek trail, Wegmans, Trader Joe’s, banks, restaurants, and clinics. UNC is 4 miles away, Duke is 8 miles away, RTP is 9 miles away, and RDU International Airport is 15 miles away. Access to 15-501 and I-40 is nearby, and free bus service connects with UNC and Chapel Hill, with a separate free Duke route for students.
Key Highlights
- 1,344 square feet on a 0.1‑acre lot
- R‑4 zoning in Chapel Hill
- Built in 1995 with contemporary design
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,541
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,820
$230.8K
Cap Rate 7%
$164,871
$164.9K
Cap Rate 9%
$128,233
$128.2K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$18.5K $13.80/SF
− Vacancy
−$2.1K −$1.53/SF
EGI
$16.5K $12.27/SF
− OpEx
−$4.9K −$3.68/SF
NOI
$11.5K $8.59/SF
Area
Orange County, NC
Vacancy
11.11%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,820
Cap Rate 7%
$164,871
Cap Rate 9%
$128,233
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.7K
NOI $10,182 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 27514, NC
33,809
Population
11,470
Households
2.9
Avg Household Size
27
Median Age
80%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
1,725
Density / Sq Mi
$94,167
Median Household Income
$25,145
Median Earnings
$1,491
Median Rent
$628,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary home with refreshed interiors, outdoor living space, and convenient access to local retail, trails, and regional employment centers.
Where is this duplex located?
The property is located at 103 Stewart Lane Chapel Hill, NC.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,344 square feet on a 0.1‑acre lot; R‑4 zoning in Chapel Hill; Built in 1995 with contemporary design
