Duplex with Updated
New
For Sale
$420,000
8718 Rollingwood Road, Chapel Hill, NC 27516
Residential, Chapel Hill, NC
Property Size1,965 SF
Lot Size0.69 Acres
Price / SF$213.74
Days on Market3
Property Features for 8718 Rollingwood Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RB
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Patio and Porch features
Deck
Basement
Apartment
Appliances
Dishwasher, Dryer, Electric Cooktop, Electric Oven, Free-Standing Electric Oven, Washer, Water Heater
Subdivision
Rollingwood
Elementary school
Chapel Hill Carrboro - Morris Grove Elementary Sch
Middle school
Chapel Hill Carrboro - Charles and Lucile McDougle
High school
Chapel Hill Carrboro - Chapel Hill High School
Standard status
Active
APN
9769097068
Size
1,965 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
7 Rollingwood P14/112
Tax Annual Amount
4020
Legal Description
7 Rollingwood P14/112
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Well
Building Details
Year built
1971
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Compass -- Chapel Hill - Durham
(919) 999-8482
Listed By:
Brie Cline
(910) 538-5734
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 8:06AM
MLS# 10187585
Copyright © 2026 Doorify MLS. 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 ranch-style duplex contains 1,965 square feet across two separate living areas. The upper residence includes three bedrooms and one full bathroom, while the lower-level unit provides one bedroom and one full bathroom. A basement, deck, brick and vinyl siding, carpet and vinyl flooring, and heat-pump heating and cooling are included. The property was built in 1971 and uses a well and septic tank.
Recent improvements include a new roof and heat pump completed in 2025, plus a 2020 water heater. The upper unit is leased month to month with a 60-day termination notice, and the lower unit has a lease extending through August 2027. Set on 0.69 acres, the property is less than 3 miles from Maple View Farm, approximately 4 miles from Honeysuckle Tea House, and less than 6 miles from Downtown Chapel Hill. Zoning is RB.
Recent improvements include a new roof and heat pump completed in 2025, plus a 2020 water heater. The upper unit is leased month to month with a 60-day termination notice, and the lower unit has a lease extending through August 2027. Set on 0.69 acres, the property is less than 3 miles from Maple View Farm, approximately 4 miles from Honeysuckle Tea House, and less than 6 miles from Downtown Chapel Hill. Zoning is RB.
Key Highlights
- Two‑unit duplex with 1,965 square feet on 0.69 acres
- Upper unit: 3 bedrooms and 1 full bath
- Lower‑level unit: 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,460
$337.5K
Cap Rate 7%
$241,043
$241.0K
Cap Rate 9%
$187,478
$187.5K
Market Conditions
NOI Build-Up for 1,965 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.1K $13.80/SF
− Vacancy
−$3.0K −$1.53/SF
EGI
$24.1K $12.27/SF
− OpEx
−$7.2K −$3.68/SF
NOI
$16.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,460
Cap Rate 7%
$241,043
Cap Rate 9%
$187,478
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$212.7K
$186.1K – $248.1K
NOI $14,887 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,416 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
24
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 - Two separate residences offer established occupancy near Chapel Hill destinations.
Where is this duplex located?
The property is located at 8718 Rollingwood Road Chapel Hill, NC.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,965 square feet on 0.69 acres; Upper unit: 3 bedrooms and 1 full bath; Lower‑level unit: 1 bedroom and 1 full bath
