$1,250,000

348 Cedar Lake Rd Unit A & B Chapel Hill, NC 27516

Estimated payment $7,159/month

Total Views 9,597
12 Beds
6 Baths
4,416 Sq Ft
$283 Price per Sq Ft

Highlights

  • 4.99 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Margaret B. Pollard Middle School Rated A-
  • End Unit
  • Window Unit Cooling System

About This Home

3 duplexes, 6 units which are 2 BR, 1 bath each on a nicely wooded 5 acre lot. Good condition yet not updated. Truly work force housing as they are right now. All are leased for $950 per month/ $5700 income monthly. Fabulous rental history and future rental potential is unlimited. Plenty of room for adding carports/ garages and updating to match Chapel Hill rental rates. Super close to shopping and park and ride.

Listing Agent

Julia Tucker

Long & Foster Real Estate INC License #113467 Listed on: 03/05/2026

Long & Foster Real Estate INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,371

Year Built

  • Built in 1981

Lot Details

  • 4.99 Acre Lot
  • End Unit
  • 1 Common Wall
  • Partially Wooded Lot
  • Grass Covered Lot

Home Design

  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,416 Sq Ft Home
  • 1-Story Property
  • Unfinished Attic
  • Electric Range

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • Driveway
  • 24 Open Parking Spaces

Schools

  • Chatham Grove Elementary School
  • Margaret B Pollard Middle School
  • Seaforth High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 0002608

Community Details

Overview

  • No Home Owners Association
  • Cedar Lake Subdivision

Building Details

  • 5 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,371

Year Built

Built in 1981

Lot Details

4.99 Acres

Listing Details

  • Year Built: 1981
  • Prop. Type: Residential Income
  • Subdivision Name: Cedar Lake
  • Above Grade Finished Sq Ft: 4416.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Linoleum
  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 6
  • Total Bedrooms: 12

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Acres: 4.99
  • Disclosures: Seller Disclosure
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Open Parking Spaces: 24.0
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available
  • Heating: Baseboard
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Ninth Grade High School: Chatham - Seaforth
  • Middle Or Junior School: Chatham - Margaret B Pollard

Lot Info

  • Lot Size Sq Ft: 217364.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 0002608

Rental Info

  • Tenant Pays: Insurance, Pest Control
  • Lease Term: Month To Month
  • Owner Pays: Taxes

Tax Info

  • Tax Annual Amount: 6371.0
  • Tax Year: 2025

Multi Family

  • Number Of Units Leased: 5
  • Number of Month to Month Units: 5

MLS Schools

  • Elementary School: Chatham - Chatham Grove

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2026 03/05/26 For Sale $1,250,000 -- $283 / Sq Ft
Source: Doorify MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Doorify MLS

MLS Number: 10150692

Doorify MLS

APN: 2608

North Carolina Chatham County Chapel Hill 27516

348 Cedar Lake Rd Unit A & B, Chapel Hill, NC

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Doorify MLS Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Doorify MLS, Inc. of North Carolina. All rights reserved.

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Julia Tucker
Listing Agent
Julia Tucker
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Long & Foster Real Estate INC
(984) 310-2619
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