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Land with Home for Sale in Chapel Hill, North Carolina
348-360 Cedar Lake Rd, Chapel Hill, NC 27516
$1,250,000
5 acres
Active sale
Est $6,646/mo3 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.
—
Sq feet
12
Beds
6
Full baths
1981
Built
Location
- Street address
- 348-360 Cedar Lake Rd, # B
- County
- Chatham County
- Community
- Cedar Lake
- Elevation
- 478 feet
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.
Property details
- Acreage
- 4.99 acres
- Source
- LONGANDFOSTER
- Posted
Parcels
- 0002608
Details and features
Exterior
- Parking
- Driveway
Structure
- Stories
- 1
- Heating
- Baseboard
- Cooling
- Multi Units, Window Unit(s)
- Roof
- Shingle
Interior
- Rooms
- Bathroom x 5, Bedroom x 5
- Flooring
- Carpet, Linoleum
- Appliances
- Range, Refrigerator
Nearby schools
| Name | Type |
|---|---|
| Chatham - Chatham Grove | Elementary |
| Chatham - Margaret B Pollard | Middle |
| Chatham - Seaforth | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 21, 2026 | New listing | $1,250,000 | — | LONGANDFOSTER |
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