Duplex with Separate
255 Erwin Road Unit A/B, Chapel Hill, NC 27514
For Sale
$750,000
Two three-bedroom residences offer distinct layouts, including a main-level primary suite in the larger unit.
Property Size2,769 SF
Price / SF$270.86
Days on Market377
Property Features for 255 Erwin Road Unit A/B
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private outdoor space
One and One Half
Central Air, Ceiling Fan(s), Heat Pump, Multi Units, Separate Meters
Electric, Heat Pump
Ceramic Tile, Luxury Vinyl, Wood
Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Yes
No
Laundry Closet, Electric Dryer Hookup, In Hall, Main Level, In Unit, Washer Hookup
Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Stone Counters, Walk-In Closet(s), Kitchen/Dining Room Combination, Living/Dining Room Combination, Second Primary Bedroom, Bathtub/Shower Combination, Walk-In Shower, Quartz Counters, Smooth Ceilings
Blinds, Insulated Windows
Shingle
Partial, See Remarks
Rain Gutters
Smoke Detector(s)
Block, Concrete Perimeter, Permanent, Raised, Crawlspace
Duplex, Site Built, Board & Batten Siding, HardiPlank Type
Board & Batten Siding, HardiPlank Type
Covered, Front Porch, Rear Porch
Building Details
Year Built
Listing Agency:
Grow Local Realty, LLC
Listed By:
Kim Pendergrass · License NC #186199
(252) 432-5691
Source:
Compass
Added: Oct 29, 2025
Changed: Nov 3
Last Checked: Nov 8 at 8:01AM
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 Grow Local Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, this 2,769-square-foot duplex contains two three-bedroom residences. Unit A has three bedrooms, three full bathrooms, and one half bath; Unit B has three bedrooms, two full bathrooms, and one half bath. The larger unit includes a main-level primary bedroom with an en-suite bathroom. Open-plan kitchens and living areas, in-unit laundry, and separate utility meters serve the property. Interior features include stone and quartz counters, walk-in closets, and a mix of ceramic tile, luxury vinyl, and wood flooring.
The property is at 255 Erwin Road in Chapel Hill, near shopping, dining, entertainment, and Bus line D. Unit B has a fenced outdoor area. The property has no HOA.
The property is at 255 Erwin Road in Chapel Hill, near shopping, dining, entertainment, and Bus line D. Unit B has a fenced outdoor area. The property has no HOA.
Key Highlights
- Two residences, each with 3 bedrooms
- Unit A has 3 full bathrooms and 1 half bath; Unit B has 2 full bathrooms and 1 half bath
- 2,769 square feet; built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,777
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,540
$475.5K
Cap Rate 7%
$339,671
$339.7K
Cap Rate 9%
$264,189
$264.2K
Market Conditions
NOI Build-Up for 2,769 SF
Gross rent
$38.2K $13.80/SF
− Vacancy
−$4.2K −$1.53/SF
EGI
$34.0K $12.27/SF
− OpEx
−$10.2K −$3.68/SF
NOI
$23.8K $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%
$475,540
Cap Rate 7%
$339,671
Cap Rate 9%
$264,189
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$299.7K
$262.2K – $349.6K
NOI $20,978 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$894.1K
$782.4K – $1.04M
NOI $62,590 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
873
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
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer distinct layouts, including a main-level primary suite in the larger unit.
Where is this duplex located?
The property is located at 255 Erwin Road Unit A/B Chapel Hill, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms; Unit A has 3 full bathrooms and 1 half bath; Unit B has 2 full bathrooms and 1 half bath; 2,769 square feet; built in 2025
