Two-Unit Duplex with
415 Tall Oaks Road A & B, Chapel Hill, NC 27516
For Sale
$395,000
Both residences are leased and feature two-bedroom, one-bath layouts on a wooded parcel.
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
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Long & Foster Real Estate INC
Listed By:
Chad Lloyd · License #243094
(919) 942-4822
Source:
Hendrenrealtygroup
Added: Sep 11
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
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 single-level residences, each arranged with two bedrooms and one bathroom. Fireplaces are present in both units, and the combined building area is 1,800 square feet. Built in 1979, the property sits on more than one acre amid wooded surroundings. Both units are leased, providing current rental income.
The property is in Chapel Hill, near UNC/Chapel Hill, dining, shopping, and everyday services. The location combines a wooded setting with access to those nearby destinations.
The property is in Chapel Hill, near UNC/Chapel Hill, dining, shopping, and everyday services. The location combines a wooded setting with access to those nearby destinations.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,800 square feet of building area
- More than 1 acre with wooded surroundings
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
42
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 - Both residences are leased and feature two-bedroom, one-bath layouts on a wooded parcel.
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 units, each with 2 bedrooms and 1 bathroom; 1,800 square feet of building area; More than 1 acre with wooded surroundings
