348-360 Cedar Lake Road A & B, Chapel Hill, NC 27516
Cedar Lake · Chatham County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1981
Living Area
4,416 sq ft
Lot Size
4.99 acres
Days on Market
46
MLS® Listing#
10171077
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Fencing
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Chatham - Chatham Grove Elementary
- Middle:
- Chatham - Margaret B Pollard Middle School
- High:
- Chatham - Seaforth High School
Financial Details
HOA
None
Annual Taxes
$6,372
Tax year 2025
Assessed Value
$773,501
Parcel Number
2608
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.
Affordability Calculator
$250,000
Estimated monthly payment
$6,653/mo
Principal $1,000,000 · Est. interest $1,395,089 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chapel Hill, NC
- $628,834
- Median Listing Price
- 66
- Median Days on Market
- 2,316
- Median Sq Ft
- $269
- Median Price / Sq Ft
- 771
- Active Listings
- This home’s price is 99% above the area median.
- Its price per sq ft is 5% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chapel Hill, NC.
Location
Points of Interest in Chapel Hill, NC
Showing the Chapel Hill area map.
Nearby Schools
Primrose Schools
Elementary · 2.2 mi away
Mary Scroggs Elementary School
Elementary · 2.4 mi away
Margaret B. Pollard Middle School
Secondary · 2.6 mi away
Willow Oak Montessori
Elementary · 2.7 mi away
Carrboro High School
Secondary · 2.8 mi away
Chatham Grove Elementary School
Elementary · 2.9 mi away
Chapel Hill-Carrboro City Schools
Secondary · 3.1 mi away
Chapel Hill-Carrboro City Schools
Elementary · 3.6 mi away
North Chatham Elementary
Elementary · 3.7 mi away
Spanish for Fun Academy
School · 3.8 mi away
Willow Oak Montessori
Elementary · 3.8 mi away
Public School Foundation
School · 3.9 mi away
Phoenix Academy High
School · 3.9 mi away
Chapel Hill-Carrboro City Schools
School · 3.9 mi away
Montessori Academy of Chapel Hill
Elementary · 4.1 mi away
Learning Expressions
School · 4.3 mi away
Little House Playschool
Elementary · 4.4 mi away
Carrboro Elementary
Elementary · 4.5 mi away
Carrboro Early School
Elementary · 4.5 mi away
Perry W Harrison Elementary
Elementary · 4.7 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Chapel Hill
Listing Courtesy: Long & Foster Real Estate INC - 9199424822
Last Updated: 2026-06-01