3-Duplex Residential Income
For Sale
$1,250,000
348-360 Cedar Lake Road # B Chapel Hill NC 27516, Chapel Hill, NC 27516
MULTI_FAMILY - Chapel Hill, NC
Lot Size4.99 Acres
Days on Market61
Property Features for 348-360 Cedar Lake Road # B Chapel Hill NC 27516
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 10, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 12, Bedroom 6, Bedroom 1, Bedroom 3
Subdivision
Cedar Lake
Elementary school
Chatham - Chatham Grove Elementary
Middle school
Chatham - Margaret B Pollard Middle School
High school
Chatham - Seaforth High School
Standard status
Active
Lot size
4.99 Acres
Building Details
Year built
1981
Listing Agency:
Chapel Hill
(919) 942-4822
Listed By:
Julia Tucker
(919) 602-1222
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 31 at 5:06AM
MLS# 10171077
Copyright © 2026 Long & Foster Real Estate. 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 for-sale residential income property consists of three duplexes with six total units. Each unit features two bedrooms and one bathroom. The property is in good condition, though it has not been updated, and all units are currently leased.
Set on a nicely wooded 4.99-acre lot, the layout provides additional space for potential site improvements such as carports or garages. The property is located very close to shopping and a park and ride, supporting convenient day-to-day access.
With a straightforward duplex configuration and consistently sized units, the asset is suited to buyers seeking an income-producing multifamily setup where updates and additions may be considered as part of future improvements.
Set on a nicely wooded 4.99-acre lot, the layout provides additional space for potential site improvements such as carports or garages. The property is located very close to shopping and a park and ride, supporting convenient day-to-day access.
With a straightforward duplex configuration and consistently sized units, the asset is suited to buyers seeking an income-producing multifamily setup where updates and additions may be considered as part of future improvements.
Key Highlights
- 3 duplexes totaling 6 units on a nicely wooded 5‑acre lot
- Each unit is 2 bedrooms and 1 bathroom
- All 6 units are leased for $950 per month, totaling $5,700 in monthly income
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 27516, NC
45,841
Population
18,684
Households
2.5
Avg Household Size
35
Median Age
72%
College-Educated
96%
High-School Grad
93.5 sq mi
ZIP Area
490
Density / Sq Mi
$100,788
Median Household Income
$48,638
Median Earnings
$1,446
Median Rent
$508,400
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?
Duplex - Three duplexes totaling six 2-bedroom, one-bath units on a wooded nearly five-acre lot.
Where is this duplex located?
The property is located at 348-360 Cedar Lake Road # B Chapel Hill NC 27516 Chapel Hill, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3 duplexes totaling 6 units on a nicely wooded 5‑acre lot; Each unit is 2 bedrooms and 1 bathroom; All 6 units are leased for $950 per month, totaling $5,700 in monthly income
