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594 Cedar Lake Road Chapel Hill, NC $ 1,195,000
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594 Cedar Lake Road
$ 1,195,000
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594 Cedar Lake Road

Chapel Hill, NC, 27516
$ 1,195,000
Bedrooms6 Baths3.0 Sq 4,416

Monthly Estimate*

$ 8,254

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Multi-Family Home for sale in Chapel Hill, NC

for $1,195,000 with 6 bedrooms and 3 full baths. This 4,416 square foot home was built in 1981 on a lot size of 4.98.

Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management

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Multi-Family Active

Price

$ 1,195,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

A-Frame

Lot Size

4.98

Year Built

1981

Town/City

Chapel Hill

County/Region

Orange

MLS | Web ID

10195912
Features
General
Sewer Septic Tank
Heating Heat Pump
Cooling Central Air
Roof Shingle
Zoning R-2
Architectural Style A-Frame
Construction Materials Fiber Cement
Year Built 1981
Levels One
Property Subtype Condominium
County Chatham
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name Shadow Ridge
Full Baths 3
Status Active
High School Chatham - Seaforth High School
City Chapel Hill
Open Parking Spaces 12
Lot Size Units Acres
Lot Size Square Feet 216928.8
Elementary School Chatham - Chatham Grove Elementary
Tax Annual Amount 5744.75
Middle/Junior High School Chatham - Margaret B Pollard Middle School
Ok to Lease 12 Months
Structure Type Duplex
Standard Status Active
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Interior
Flooring Luxury Vinyl
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 4416
Half Baths 0
Total Bedrooms 6
Below Grade Finished Area 0
Total Baths 3
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Exterior
Parking Features Open
Lot Features Partially Cleared
Water Source Shared Well Well
Lot Size Area 4.98
Foundation Details Block Permanent Crawlspace
Building Area Total 4416
Lot Size Acres 4.98
Road Frontage Type Private Road None
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* Excluded Features
List By
Todd Averette

Listing Agent

1St Choice Realty Of Triangle

Broker

Taverette@myfirstchoicerealtor.com

Email

Affordability Calculator

$8,254
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,254
Monthly Property Taxes
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Monthly 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
0 Elementary School
0 Middle School
Chatham - Seaforth High School High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/1/2026$1,195,000 Listed Price

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594 Cedar Lake Road, Chapel Hill, NC, 27516 is a Multi-Family Home for sale at $1,195,000 with 4,416 sqft and a lot size of 4.98. 594 Cedar Lake Road has 6 bedrooms, 3.0 baths, and was built in 1981. The property's zip code is 27516 which is in Chapel Hill, NC

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