$2,499,900

140 W Franklin St, Unit 703 Chapel Hill, NC 27516

Downtown Chapel Hill Neighborhood

Estimated payment $16,580/month

Total Views 89
3 Beds
3.5 Baths
2,356 Sq Ft
$1,061 Price per Sq Ft

Highlights

  • Concierge
  • Fitness Center
  • Electric Gate
  • Smith Middle School Rated A
  • Security Guard
  • Downtown View

About This Home

Welcome to #703 — one of the most spectacular penthouse condominiums in downtown Chapel Hill.
Enjoy panoramic views and front-row seats to the July 4th fireworks from your private terrace. Spanning the 7th and 8th floors, this rare corner residence offers sweeping vistas of Franklin Street, downtown Chapel Hill, and the rolling countryside beyond — opportunities to own a home like this are few and far between. Inside, you'll find three bedrooms, including two primary suites—each with its own ensuite bath, allowing you to choose your preferred retreat. The third bedroom is currently outfitted as an entertainment center, and all closets have been custom built for organized storage. The open concept living area features a cozy gas fireplace, elevator access, and two outdoor balconies. In cooler months, simply flip a switch to warm the space with the gas logs. Upstairs, a large, covered terrace with an outdoor fireplace and TV cabinet creates the perfect setting for al fresco dining, a late-night movie, or catching the big game. Tech lovers will appreciate the whole-house smart system, updated just two years ago, which controls lighting, window shades, HVAC, and TVs—all from an easy-to-use phone app. The efficient kitchen is equipped with premium stainless-steel appliances, including a six-burner Wolf gas range, LG refrigerator with craft ice, and a wine cooler. A terrace off the dining area is plumbed with a natural gas line, ideal for outdoor grilling. Building amenities include 24/7 concierge services, fitness center, secured parking, and advanced camera surveillance. What truly sets 140 West Franklin apart? Location, location, location! Just steps from UNC's main campus, fine dining, and UNC sports venues, this residence offers the best of downtown Chapel Hill living. Deeded parking spaces (#126 and #137) and a conditioned storage locker on the 6th floor convey with the property. Please provide pre-approval letter, proof of funds with offer. 24 HOUR SHOWING NOTICE, Showing Hours 10AM - 5PM Mon - Sun. Listing Agent to be Present.

Listing Agent

Phil Patterson

Hodge&KittrellSothebysIntlRlty License #174625 Listed on: 10/05/2025

Hodge&KittrellSothebysIntlRlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,399

Year Built

  • Built in 2013

Lot Details

  • 1.75 Acre Lot
  • End Unit
  • No Unit Above or Below
  • Two or More Common Walls
  • Corner Lot
  • Level Lot

HOA Fees

  • $1,241 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Subterranean Parking
  • Lighted Parking
  • Electric Gate
  • Secured Garage or Parking
  • Deeded Parking

Home Design

  • Transitional Architecture
  • Flat Roof Shape
  • Batts Insulation
  • Concrete Roof
  • Rubber Roof
  • Low Volatile Organic Compounds (VOC) Products or Finishes
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,356 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Sound System
  • Wired For Data
  • Built-In Features
  • Smooth Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Chandelier
  • Track Lighting
  • See Through Fireplace
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Aluminum Window Frames
  • Sliding Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • ENERGY STAR Qualified Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Primary bathroom on main floor
  • Double Vanity
  • Separate Shower in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Hall
  • Laundry on upper level
  • Dryer

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Fire Escape

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Full Bathroom
  • Visitor Bathroom
  • Accessible Bedroom
  • Accessible Kitchen
  • Accessible Closets
  • Handicap Accessible
  • Accessible Doors
  • Accessible Entrance
  • Smart Technology

Eco-Friendly Details

  • No or Low VOC Paint or Finish

Outdoor Features

  • Wrap Around Porch
  • Terrace
  • Outdoor Storage
  • Outdoor Gas Grill

Schools

  • Carrboro Elementary School
  • Smith Middle School
  • East Chapel Hill High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Natural Gas Connected
  • Community Sewer or Septic
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 9788278230.134L703

Community Details

Overview

  • Association fees include insurance, ground maintenance, security, trash
  • 140 West Franklin Condominium HOA, Phone Number (919) 537-8247
  • 140 West Franklin Condos
  • 140 West Franklin Condominium Subdivision
  • Maintained Community

Amenities

  • Concierge
  • Restaurant
  • Trash Chute
  • Service Elevator

Recreation

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,399

Year Built

Built in 2013

Lot Details

0

HOA Fees

$1,241 per month

Parking

2

Listing Details

  • Building Name: 140 West Franklin
  • Year Built: 2013
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Security, Trash
  • Subdivision Name: 140 West Franklin Condominium
  • Above Grade Finished Sq Ft: 2356.0
  • Architectural Style: Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Effective Year Built: 2013
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Cooling Central Air: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features Smoke Detector(s): Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Room Types Primary Bedroom Level: Main
  • Interior Features LivingDining Room Combination: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Upper Level: Yes
  • Appliances Dryer: Yes
  • Construction Materials Low VOC PaintSealantVarnish: Yes
  • General Property Information Association Phone: (919) 537-8247
  • General Property Information Senior Community YN: No
  • Common Walls End Unit: Yes
  • Laundry Features In Hall: Yes
  • General Property Information Enhanced Accessible2: Yes
  • Sewer Community Sewer: Yes
  • General Property Information Monthly Association Fees2: 1240.5
  • Utilities Water Connected: Yes
  • Common Walls No One Above: Yes
  • General Property Information Above Grade Finished Area: 2356.0
  • Security Features Fire Alarm: Yes
  • Room Types Primary Bathroom Level: Main
  • Cooling Ceiling Fan(s): Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Utilities Natural Gas Connected: Yes
  • Security Features Building Security: Yes
  • Structure Type Multi Family: Yes
  • General Property Information Lot Size Square Feet2: 76230.0
  • General Property Information Building Name: 140 West Franklin
  • View City Lights: Yes
  • Security Features Fire Sprinkler System: Yes
  • Security Features Security Guard: Yes
  • General Property Information Lot Size Acres: 1.75
  • Roof Concrete5: Yes
  • RoofRubber: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Security Features Closed Circuit Camera(s): Yes
  • Association Amenities Concierge: Yes
  • View Downtown: Yes
  • Security Features:Fire Escape: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub/Shower Combination, Built-in Features, Ceiling Fan(s), Chandelier, Double Vanity, Elevator, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Living/Dining Room Combination, Open Floorplan, Recessed Lighting, Separate Shower, Smooth Ceilings, Sound System, Storage, Track Lighting, Walk-In Closet(s), Walk-In Shower, Wired for Data
  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, Gas Range, Ice Maker, Microwave, Self Cleaning Oven, Stainless Steel Appliance(s), Wine Refrigerator
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Entry Location: 7th Floor
  • Fireplace Features: Gas Log, Living Room, See Through
  • Fireplaces: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Storage3: Yes
  • Appliances:ENERGY STAR Qualified Appliances: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Fireplace Features:Living Room: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:High Speed Internet: Yes
  • Community Features:Fitness Center2: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Community Features:Sidewalks: Yes
  • Fireplace Features:Fireplaces Total: 2
  • Appliances:Ice Maker: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:Clubhouse2: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior Features:Recessed Lighting: Yes
  • Laundry Features:In Unit: Yes
  • Interior Features:Chandelier: Yes
  • Interior Features:Wired for Data: Yes
  • Appliances:ENERGY STAR Qualified Dishwasher: Yes
  • Interior Features:Elevator: Yes
  • Community Features:Restaurant: Yes
  • Interior Features:Sound System: Yes
  • Interior Features:Track Lighting: Yes
  • Fireplace Features:See Through: Yes

Exterior Features

  • Roof: Concrete, Flat, Rubber, Tar/Gravel
  • Exterior Features: Balcony, Gas Grill, Smart Camera(s)/Recording, Storage
  • Acres: 1.75
  • Disclosures: Seller Disclosure
  • Common Walls: 2+ Common Walls, End Unit, No One Above
  • Construction Type: Batts Insulation, Concrete, Glass, Low VOC Paint/Sealant/Varnish
  • Foundation Details: Concrete, Concrete Perimeter
  • Patio And Porch Features: Covered, Front Porch, Side Porch, Terrace, Wrap Around
  • Accessibility Features:Accessible Door(s): Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Corner Lot: Yes
  • Accessibility Features:Accessible Entrance: Yes
  • Exterior Features:Gas Grill: Yes
  • Accessibility Features:Accessible Elevator Installed: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Smart Camera(s)Recording: Yes
  • Exterior Features:Storage2: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Accessibility Features:Accessible Bedroom: Yes
  • Accessibility Features:Accessible Central Living Area: Yes
  • Accessibility Features:Accessible Full Bath: Yes
  • Window Features:Double Pane Windows: Yes
  • Door Features:Sliding Doors: Yes
  • Accessibility Features:Accessible Kitchen: Yes
  • Construction Materials:Concrete2: Yes
  • Accessibility Features:Visitor Bathroom: Yes
  • Accessibility Features:Accessible Closets: Yes
  • Lot Features:City Lot: Yes
  • Patio And Porch Features:Terrace: Yes
  • View:City3: Yes
  • Window Features:Window Coverings: Yes
  • Patio And Porch Features:Wrap Around: Yes
  • Construction Materials:Glass: Yes
  • Construction Materials:Batts Insulation: Yes
  • ConstructionSiding:Roof Flat: Yes
  • Accessibility Features:Smart Technology: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking: No
  • Parking Features: Deeded, Electric Gate, Gated, Lighted, Paved, Secured, Underground
  • Total Parking Spaces: 2.0
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Paved2: Yes
  • Parking Features:Lighted: Yes
  • Security Features:Secured GarageParking: Yes
  • Parking Features:Gated3: Yes
  • General Property Information:Attached Garage YN: Yes
  • Parking Features:Deeded: Yes
  • General Property Information:Parking Total: 2.0
  • Parking Features:Secured: Yes
  • Parking Features:Electric Gate: Yes
  • Parking Features:Underground: Yes
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Underground Utilities
  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Restaurant, Sidewalks, Street Lights
  • Senior Community: No
  • Association Fee: 1240.5
  • Association Fee Frequency: Monthly
  • Association Name: 140 West Franklin Condominium HOA
  • Phone: 919-537-8247
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: 140 West Franklin Condominium HOA
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Fee Includes:Trash2: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Management: Yes
  • Association Amenities:Security: Yes
  • Association Amenities:Elevator(s): Yes
  • Association Amenities:Trash: Yes
  • Association Fee Includes:Security2: Yes
  • Association Amenities:Fitness Center: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 1240.5
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Service Elevator(s): Yes

Schools

  • Ninth Grade High School: CH/Carrboro - East Chapel Hill
  • Middle Or Junior School: CH/Carrboro - Smith

Lot Info

  • Lot Size Sq Ft: 76230.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 9788278230.134L703

Green Features

  • Green Sustainability: Onsite Recycling Center

Tax Info

  • Tax Annual Amount: 24398.97
  • Tax Year: 2025

MLS Schools

  • Elementary School: CH/Carrboro - Carrboro

Map

About This Building

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,533 $1,012,100 $0 $1,012,100
2023 $16,913 $1,012,100 $0 $1,012,100
2022 $16,356 $1,012,100 $0 $1,012,100
2021 $16,148 $1,012,100 $0 $1,012,100
2020 $15,905 $936,200 $0 $936,200
2018 $15,598 $936,200 $0 $936,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2025 10/05/25 For Sale $2,499,900 -- $1,061 / Sq Ft
Source: Doorify MLS

Source: Doorify MLS

MLS Number: 10125937

Doorify MLS

APN: 9788278230134L.703

North Carolina Orange County Chapel Hill 27516 Downtown Chapel Hill

140 W Franklin St Unit 703, Chapel Hill, NC

This home is located at 140 W Franklin St Unit 703, Chapel Hill, NC 27516 and is currently priced at $2,499,900, approximately $1,061 per square foot. This property was built in 2013. 140 W Franklin St Unit 703 is a home located in Orange County with nearby schools including Smith Middle School, East Chapel Hill High School, and St. Thomas More Catholic School.

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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 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.

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Phil Patterson
Listing Agent
Phil Patterson
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Hodge&KittrellSothebysIntlRlty
(919) 343-0946