8-Unit Multifamily
For Sale
$950,000
210 Purefoy Road, Chapel Hill, NC 27514
Commercial Sale, Chapel Hill, NC
Property Size4,320 SF
Lot Size1.79 Acres
Price / SF$219.91
Days on Market203
Property Features for 210 Purefoy Road
General Information
Property type
Commercial Sale
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
Electric (Heating), Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1937
Flooring type
Vinyl, Wood
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: Oct 22
Last Checked: Oct 30 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 8-unit multifamily property includes two separate structures: one with two units and another with six. The buildings total 4,320 square feet and date to 1937, with block, brick veneer, and wood-frame construction. Portions of the units have received updates, while most require full renovation. The property is being offered as-is and includes public water and public sewer service, shingle roofing, electric and wall-furnace heating, and window or wall-unit cooling.
Set on 1.79 acres along Purefoy Road in Chapel Hill, the property is near UNC, downtown, Franklin Street dining and shops, Merritt's Grill, transit, and major corridors. The site is zoned R-4 and includes garage and parking-lot areas.
Set on 1.79 acres along Purefoy Road in Chapel Hill, the property is near UNC, downtown, Franklin Street dining and shops, Merritt's Grill, transit, and major corridors. The site is zoned R-4 and includes garage and parking-lot areas.
Key Highlights
- Two structures contain 2 units and 6 units, for a total of 8 units
- 4,320 square feet across buildings constructed in 1937
- 1.79‑acre site on Purefoy Road in Chapel Hill
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,729
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,580
$654.6K
Cap Rate 7%
$467,557
$467.6K
Cap Rate 9%
$363,656
$363.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$67.4K $15.60/SF
− Vacancy
−$7.9K −$1.83/SF
EGI
$59.5K $13.77/SF
− OpEx
−$26.8K −$6.20/SF
NOI
$32.7K $7.58/SF
Area
Orange County, NC
Vacancy
11.70%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,580
Cap Rate 7%
$467,557
Cap Rate 9%
$363,656
Alternative Uses
Best Use
Apartment 5plus
$467.6K
$409.1K – $545.5K
NOI $32,729 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two structures provide eight residential units on an R-4-zoned site.
Where is this multifamily property 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: Two structures contain 2 units and 6 units, for a total of 8 units; 4,320 square feet across buildings constructed in 1937; 1.79‑acre site on Purefoy Road in Chapel Hill
