Two-Structure Multifamily
For Sale
$950,000
210 Purefoy Road, Chapel Hill, NC 27514
MULTI_FAMILY - Chapel Hill, NC
Property Size4,320 SF
Lot Size1.79 Acres
Price / SF$219.91
Days on Market111
Property Features for 210 Purefoy Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Parking features
Garage, Parking Lot
Subdivision
Not In Subdivision
Lot features
Wooded
Directions
Franklin to south on Columbia to left on Purefoy (by Merritt's Grill), property is on the left.
Standard status
Active
APN
9788314050
Size
4,320 SF
Lot size
1.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
210 Purefoy Rd
Tax Annual Amount
14741
Legal Description
210 Purefoy Rd
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1937
Flooring type
Wood, Vinyl
Building materials
Block, Brick Veneer, Wood Frame
Roof type
Shingle
Listing Agency:
Just Be Home Realty
(919) 971-2850
Listed By:
Tracy F Wright · License #173232
(919) 726-9924
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 2:06PM
MLS# 100566550
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This as-is multifamily property consists of two structures: one building with two units and a second building with six units. The property was originally built in 1937. Public remarks indicate that portions of individual units have been updated over time, while most units are in need of full renovation. The lot size is 1.79 acres, providing room for a range of redevelopment approaches. The listing also notes the possibility of a teardown and custom multi-unit rebuild.
Located at 210 Purefoy Road in Chapel Hill, the property is positioned on Purefoy Road near Merritt’s Grill, with access described as convenient to UNC, downtown, and the dining and shops along Franklin Street. The property is zoned R-4.
With eight total units across two buildings, the configuration supports flexible living arrangements as part of a renovation or redevelopment plan.
Located at 210 Purefoy Road in Chapel Hill, the property is positioned on Purefoy Road near Merritt’s Grill, with access described as convenient to UNC, downtown, and the dining and shops along Franklin Street. The property is zoned R-4.
With eight total units across two buildings, the configuration supports flexible living arrangements as part of a renovation or redevelopment plan.
Key Highlights
- Offered as‑is on a 1.79‑acre lot with two on‑site structures: one building with 2 units and a second building with 6 units
- Multi‑unit property originally built in 1937, with portions of individual units updated over time and most units needing full renovation
- Public utilities: public water and public sewer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.6k | $13.80 |
| − Vacancy | −$6.6k | −$1.53 |
| EGI | $53.0k | $12.27 |
| − OpEx | −$15.9k | −$3.68 |
| NOI | $37.1k | $8.59 |
4,320 SF · lease $13.80/SF/yr · vacancy 11.11% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.9K
$463.7K – $618.3K
NOI $37,095 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$467.6K
$409.1K – $545.5K
NOI $32,729 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,648 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,967
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - As-is multifamily property with two buildings totaling eight units, portions updated, most units requiring full renovation.
Where is this apartment building located?
The property is located at 210 Purefoy Road Chapel Hill, NC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Offered as‑is on a 1.79‑acre lot with two on‑site structures: one building with 2 units and a second building with 6 units; Multi‑unit property originally built in 1937, with portions of individual units updated over time and most units needing full renovation; Public utilities: public water and public sewer
