348 Cedar Lake Rd Unit A & B Chapel Hill, NC 27516
Briar Chapel AreaEstimated payment $7,395/month
Highlights
- 4.99 Acre Lot
- Partially Wooded Lot
- No HOA
- Margaret B. Pollard Middle School Rated A-
- End Unit
- 1-Story Property
About This Home
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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,372
Year Built
- Built in 1981
Lot Details
- 4.99 Acre Lot
- End Unit
- 1 Common Wall
- Partially Wooded Lot
- Grass Covered Lot
Home Design
- Shingle Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,416 Sq Ft Home
- 1-Story Property
- Unfinished Attic
- Electric Range
Flooring
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Parking
- Driveway
- 24 Open Parking Spaces
Schools
- Chatham Grove Elementary School
- Margaret B Pollard Middle School
- Seaforth High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Shared Well
- Electric Water Heater
- Septic Tank
- Cable TV Available
Listing and Financial Details
- The owner pays for taxes
- Assessor Parcel Number 2608
Community Details
Overview
- No Home Owners Association
- Cedar Lake Subdivision
Building Details
- 5 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,034 | $70,255 | ||
| 2024 | $817 | $68,275 | ||
| 2023 | $809 | $66,286 | $0 | $0 |
| 2022 | $800 | $64,355 | $0 | $0 |
| 2021 | $806 | $62,481 | $0 | $0 |
| 2020 | $805 | $61,618 | $0 | $0 |
| 2019 | $801 | $60,233 | $0 | $0 |
| 2018 | $769 | $59,110 | $0 | $0 |
| 2017 | $763 | $57,894 | $0 | $0 |
| 2016 | $740 | $56,703 | $0 | $0 |
| 2015 | $740 | $56,309 | $0 | $0 |
| 2014 | $705 | $55,862 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/01/2026 06/01/26 | For Sale | $1,250,000 | -- | $283 / Sq Ft |
Source: Doorify MLS
MLS Number: 10171077
APN: 2608
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Ask me questions while you tour the home.