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Six-Unit Updated Apartment Building
For Sale
Contact for pricing
Pending

114 Estes Dr, Carrboro, NC 27510

Updated multifamily property near downtown Carrboro and UNC.

Property SizeContact for details
Days on Market141

Property Features for 114 Estes Dr

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 4 x 1BR/1BA, 2 x 2BR/2BA
Multifamily Units 6
Listing Agency: EXP Realty LLC NC
Listed By: tammi idler · License #NC 307696
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 9:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC NC

Investment Insights

Based on property information with market context.

This six-unit apartment property at 114 Estes Dr in Carrboro includes four one-bedroom, one-bath residences and two two-bedroom, two-bath residences. The units have been updated and are positioned for occupancy, with each residence professionally measured and documentation available.

The property is located a couple of blocks from downtown Carrboro and minutes from UNC. Its large lot may support future subdivision or the addition of an ADU, subject to applicable approvals and site requirements.

Key Highlights

  • Six‑unit apartment property with 4 one‑bed/one‑bath units and 2 two‑bed/two‑bath units
  • Updated units ready for renters
  • Large lot with possible subdivision or ADU potential, subject to approvals

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,086
Businesses Nearby

Demographics for 27510, NC

14,801
Population
7,671
Households
1.9
Avg Household Size
32
Median Age
65%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
4,625
Density / Sq Mi
$62,737
Median Household Income
$40,835
Median Earnings
$1,360
Median Rent
$439,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily property near downtown Carrboro and UNC.
Where is this apartment building located?
The property is located at 114 Estes Dr Carrboro, NC.
What are key features of this property?
This property features: Six‑unit apartment property with 4 one‑bed/one‑bath units and 2 two‑bed/two‑bath units; Updated units ready for renters; Large lot with possible subdivision or ADU potential, subject to approvals
More about this property
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