348-360 Cedar Lake Road A & B Chapel Hill, NC ^$ 1,150,000

348-360 Cedar Lake Road A & B

^$ 1,150,000

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348-360 Cedar Lake Road A & B

Chapel Hill, NC, 27516

^$ 1,150,000

Bedrooms12 Baths6.0 Sq 4,416

Monthly Estimate*

^$ 7,943

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Multi-Family Home for sale in Chapel Hill, NC

for $1,150,000 with 12 bedrooms and 6 full baths. This 4,416 square foot home was built in 1981 on a lot size of 4.99.

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.

Multi-Family Active

Price

^$ 1,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Ranch

Lot Size

4.99

Year Built

1981

Town/City

Chapel Hill

County/Region

Orange

MLS | Web ID

10171077

Features

General

Sewer Septic Tank

Heating Baseboard

Cooling Window Unit(s)

Utilities Cable Available

Roof Shingle

Appliances Electric Range Electric Water Heater Refrigerator

Architectural Style Ranch

Construction Materials Wood Siding

Year Built 1981

Levels One

Unit Number A & B

Property Subtype Duplex

Community Features None

County Chatham

New Construction false

Property Type Residential Income

Association Amenities None

HOA false

Attached Garage false

Subdivision Name Cedar Lake

Garage Y/N false

Full Baths 6

Status Active

Directions Turn onto Manns Chapel Rd from 15-501 S R on Cedar Lake Road R onto driveway beginning with 348 350 and 360 are adjacent.

High School Chatham - Seaforth High School

City Chapel Hill

Open Parking Spaces 24

Lot Size Units Acres

Lot Size Square Feet 217364.4

Carport Y/N false

Elementary School Chatham - Chatham Grove Elementary

Tax Annual Amount 6372

Middle/Junior High School Chatham - Margaret B Pollard Middle School

Ok to Lease Month To Month

Structure Type Duplex

Standard Status Active

Interior

Flooring Carpet Linoleum

Common Walls 1 Common Wall End Unit

Air Conditioning Y/N true

Heating Y/N true

Above Grade Finished Area 4416

Half Baths 0

Laundry Features Electric Dryer Hookup Washer Hookup

Total Bedrooms 12

Below Grade Finished Area 0

Total Baths 6

Exterior

Fencing None

Parking Features Driveway

Lot Features Wooded

Water Source Shared Well

Lot Size Area 4.99

Foundation Details Concrete Perimeter

Building Area Total 4416

Lot Size Acres 4.99

* Excluded Features

List By

Julia Tucker

Listing Agent

Long & Foster Real Estate Inc

Broker

julia@juliathomes.com

Affordability Calculator

$7,943

Per Month

Monthly Principal & Interest: $7,943
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chapel Hill, NC

Average List Price ^$901,075

Percent of Sale Price 22%

About Chapel Hill, NC

60,184 Population

17% Since 2002

^$71,433 Median Income

28.31 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Chatham - Seaforth High School High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/25/2026	$1,150,000	-8.00%	Price Down
8/19/2026	$1,250,000		Listed Price

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348-360 Cedar Lake Road A & B, Chapel Hill, NC, 27516 is a Multi-Family Home for sale at $1,150,000 with 4,416 sqft and a lot size of 4.99. 348-360 Cedar Lake Road A & B has 12 bedrooms, 6.0 baths, and was built in 1981. The property's zip code is 27516 which is in Chapel Hill, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Data is updated as of 10/15/2026.

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348-360 Cedar Lake Road A & B

Multi-Family Home for sale in Chapel Hill, NC

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