Six-Unit Duplex
For Sale
$1,250,000
348-360 Cedar Lake Road # B Chapel Hill NC 27516, Chapel Hill, NC 27516
Chapel Hill, NC
Property SizeContact for details
Lot Size4.99 Acres
Days on Market86
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 11, Bedroom 7, Bedroom 1, Bedroom 12, Bedroom 9, Bedroom 10, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 5
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: Aug 23
Last Checked: Aug 25 at 7:06AM
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 residential income property includes three duplex buildings with six total units. Each unit is configured with two bedrooms and one bathroom, and the buildings were constructed in 1981. The units are in good condition but have not been updated, providing an established configuration for continued rental use.
The buildings occupy a 4.99-acre wooded lot in Chapel Hill, with shopping and a park-and-ride facility located nearby. All six units are currently leased, creating an operating multifamily property with a straightforward six-unit layout.
The buildings occupy a 4.99-acre wooded lot in Chapel Hill, with shopping and a park-and-ride facility located nearby. All six units are currently leased, creating an operating multifamily property with a straightforward six-unit layout.
Key Highlights
- Three duplex buildings with 6 total units
- Each unit includes 2 bedrooms and 1 bathroom
- 4.99‑acre wooded lot
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
229
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three duplex buildings provide six leased workforce housing units on a wooded tract near shopping and park-and-ride access.
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: Three duplex buildings with 6 total units; Each unit includes 2 bedrooms and 1 bathroom; 4.99‑acre wooded lot
