2938-2944 Chapel Hill Road Durham, NC $ 4,300,000
2938-2944 Chapel Hill Road
$ 4,300,000
Recently Listed New Construction
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2938-2944 Chapel Hill Road

Durham, NC, 27707
$ 4,300,000
Bedrooms-- Baths-- Sq 18,504

Monthly Estimate*

$ 29,699

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Commercial Property for sale in Durham, NC

for $4,300,000. This 18,504 square foot building was built in 2026 on a lot size of 0.64.

Valley Heights presents a rare opportunity to acquire eight completed, new-construction residences in a single transaction at a portfolio basis below individual appraised value. Each residence has been independently appraised at $612,000, representing an aggregate appraised value of approximately $4.896 million across the eight-unit portfolio. Delivered vacant and completed in 2026, the offering gives an incoming investor significant flexibility from day one. Potential strategies include traditional long-term rentals, furnished mid-term or short-term accommodations where permitted, corporate housing, individual retail resale, or a hybrid strategy that monetizes units over time while retaining others for income. Each approximately 2,313-square-foot residence features four bedrooms and 4.5 bathrooms, including the particularly versatile feature of full-bath access for every bedroom. The homes were constructed and finished for the retail residential market rather than as conventional rental product, with Pella windows, Bosch stainless steel appliances, solid-wood soft-close cabinetry, oversized waterfall quartz islands, tiled walk-in showers, durable LVP flooring, and upper- and lower-level laundry areas. Located along Chapel Hill Road in Southwest Durham, Valley Heights provides convenient connectivity to Downtown Durham, Duke University, Chapel Hill, Research Triangle Park and the broader Triangle employment base.

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Commercial Active

Price

$ 4,300,000

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.64

Year Built

2026

Town/City

Durham

County/Region

Durham

MLS | Web ID

10195382

Features
General
Construction Materials Cement Siding
Year Built 2026
Property Subtype Multi Family
Business Type Rental
County Durham
New Construction true
Property Type Commercial Sale
Possible Use Multi-Family Residential Single Family
Status Active
Directions To get to The Valley Heights Complex from downtown Durham head southwest on University Drive. Continue on University Dr for approximately three miles before turning right onto Chapel Hill Rd and you will find the properties on the right.
City Durham
Lot Size Units Acres
Lot Size Square Feet 27965.52
Tax Annual Amount 37759.24
Standard Status Active
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Interior
Total Baths 0
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Exterior
Lot Size Area 0.64
Building Area Total 18504
Lot Dimensions 134x245x94x217
Lot Size Acres 0.64
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* Excluded Features
List By
Gabriel Gorelick

Listing Agent

Better Realty Llc

Broker

gorelick92@gmail.com

Email

Affordability Calculator

$29,699
Per Month
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Monthly Principal & Interest
$29,699
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/28/2026$4,300,000 Listed Price

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2938-2944 Chapel Hill Road, Durham, NC, 27707 is a Commercial Property for sale at $4,300,000 with 18,504 sqft and a lot size of 0.64. 2938-2944 Chapel Hill Road was built in 2026. The property's zip code is 27707 which is in Durham, NC