$1,500,000

721 S Merritt Mill Rd Chapel Hill, NC 27516

Estimated payment $8,837/month

Total Views 5,283
12 Beds
6 Baths
3,954 Sq Ft
$379 Price per Sq Ft

Highlights

  • Property is near public transit
  • Ranch Style House
  • Laundry Room
  • McDougle Middle School Rated A
  • No HOA
  • 2-minute walk to lincoln park

About This Home

LOCATION, LOCATION, LOCATION! This rare investment opportunity features three structures on a single parcel, being sold together, and fully tenant-occupied. Unit 1 (721 S. Merritt Mill Road) is a detached 4-bedroom, 2-bath home with an updated kitchen. Unit 2 (710 Edwards Street) is a detached 4-bedroom, 2-bath home with an updated kitchen. Units 3 and 4 (719 A & B S. Merritt Mill Road) comprise a duplex with 2 bedrooms and 1 bath on each side. Conveniently located less than one mile from UNC Campus and near Franklin Street and Carrboro, this property presents an excellent investment opportunity in a prime Chapel Hill location. All units have ample parking.

Listing Agent

Beth Akers

Dunlap Lilley Properties License #330895 Listed on: 10/10/2025

Co-Listing Agent

Pamela Zeman

Dunlap Lilley Properties License #203349

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,462

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 0.44 Acre Lot
  • Landscaped
  • Many Trees

Home Design

  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 3,954 Sq Ft Home
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Gravel Driveway
  • 4 Open Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit

Schools

  • Northside Elementary School
  • Mcdougle Middle School
  • Chapel Hill High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Property held in a trust
  • The owner pays for taxes, trash collection
  • Assessor Parcel Number 9788034672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,462

Year Built

Built in 1942 | Remodeled

Lot Details

0

Listing Details

  • Year Built: 1942
  • Prop. Type: Residential Income
  • Road Frontage Type: Other
  • Road Frontage Type: City Street
  • Co List Office Phone: 919-967-9992
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 3954.0
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: No
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Laundry Room: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Cooling:Electric: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: 12 Months
  • General Property Information Above Grade Finished Area: 3954.0
  • Property Condition UpdatedRemodeled: Yes
  • Disclosures Lead Based Paint: Yes
  • Special Listing Conditions Trust: Yes
  • Structure Type Duplex: Yes
  • General Property Information Lot Size Square Feet2: 19166.4
  • General Property Information Number Of Buildings2: 3.0
  • General Property Information Lot Size Acres: 0.44
  • General Property Information:Living Area3: 3954.0
  • DelayedMarketingYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl, Tile
  • Interior Amenities: Living/Dining Room Combination
  • Appliances: Dishwasher, Electric Oven, Washer/Dryer, Water Heater
  • Basement YN: No
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:WasherDryer: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.44
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Lot Features:Landscaped: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Near Public Transit: Yes
  • Lot Features:Many Trees: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
  • Parking Features: Gravel, Off Street
  • Parking Features:Gravel: Yes
  • Parking Features:Off Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Water Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 19166.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 9788034672

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone, Water
  • Lease Term: 12 Months
  • Owner Pays: Taxes, Trash Collection

Tax Info

  • Tax Annual Amount: 11461.62
  • Tax Year: 2025

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: CH/Carrboro - Northside

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 For Sale $1,500,000 -- $379 / Sq Ft
Source: Doorify MLS

Source: Doorify MLS

MLS Number: 10127100

Doorify MLS
North Carolina Orange County Chapel Hill 27516

721 S Merritt Mill Rd, Chapel Hill, NC

For Sale

MultiFamily

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Beth Akers
Listing Agent
Beth Akers
Section Image
Dunlap Lilley Properties
(984) 983-4793