Leased Duplex with
415 Tall Oaks Road #A & B, Chapel Hill, NC 27516
For Sale
$395,000
Two occupied residences offer matching two-bedroom layouts and private fireplaces in a wooded setting.
Property Size1,800 SF
Price / SF$219.44
Days on Market60
Property Features for 415 Tall Oaks Road #A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
High Ceilings
High Speed Internet
Open Floorplan
Storage
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Long & Foster Real Estate INC
(919) 942-4822
Listed By:
Chad Lloyd · License #243094
(919) 606-8511
Source:
Esteemre
Added: Sep 11
Changed: Nov 8
Last Checked: Nov 8 at 1:42AM
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 Long & Foster Real Estate INC
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Investment Insights
Based on property information with market context.
This duplex contains two one-level residences, each arranged with two bedrooms and one bathroom. A fireplace is included in each unit, and both are leased. The property was built in 1979 and has a total building area of 1,800 square feet.
The parcel spans more than one acre and has wooded surroundings. UNC/Chapel Hill, dining, shopping, and everyday services are nearby. The property is zoned R-2, with no HOA dues.
The parcel spans more than one acre and has wooded surroundings. UNC/Chapel Hill, dining, shopping, and everyday services are nearby. The property is zoned R-2, with no HOA dues.
Key Highlights
- Two one‑level units, each with 2 bedrooms and 1 bathroom
- 1,800‑square‑foot duplex built in 1979
- Both residences are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,456
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,120
$309.1K
Cap Rate 7%
$220,800
$220.8K
Cap Rate 9%
$171,733
$171.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$2.8K −$1.53/SF
EGI
$22.1K $12.27/SF
− OpEx
−$6.6K −$3.68/SF
NOI
$15.5K $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%
$309,120
Cap Rate 7%
$220,800
Cap Rate 9%
$171,733
Alternative Uses
Best Use
Multifamily LT 5
$220.8K
$193.2K – $257.6K
NOI $15,456 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$194.8K
$170.5K – $227.3K
NOI $13,637 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,687 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
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
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer matching two-bedroom layouts and private fireplaces in a wooded setting.
Where is this duplex located?
The property is located at 415 Tall Oaks Road #A & B Chapel Hill, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two one‑level units, each with 2 bedrooms and 1 bathroom; 1,800‑square‑foot duplex built in 1979; Both residences are currently leased
