348-360 Cedar Lake Rd, Unit A & B

Chapel Hill, NC 27516

$1,250,000
Price
12
Beds
4,416 Sq. Ft.
$283 / Sq. Ft.
4,416
Sq. Ft.
$283
per Sq. Ft.
a front view of a house with a yard
a view of house with outdoor space
a view of outdoor space and yard
an empty room with a empty space and windows
an empty room with windows
an empty room with a window
a view of a kitchen with a sink
an empty room with windows cabinet and mirror
a view of a kitchen with a refrigerator cabinet and a refrigerator
a view of an empty room with a window
a view of a kitchen with white cabinets
an empty room with a ceiling fan and a window
an empty room with a window and a ceiling fan
a bathroom with a sink toilet and a mirror
a view of a wooden roof deck
a backyard of a house with yard and barbeque oven
a map view of location
a view of a yard with trees
a view of a yard
a view of a house with a yard
a view of a wooden house with a yard
a front view of a house with garden
a front view of a house with garden
a view of a house with a door
a front view of a house with a garden
a view of a wooden door with a wooden fence
a front view of a house with a garden
a view of a small house with a yard
a view of a yard with an trees
a house with trees in front of it
a view of a backyard
a view of a yard with plants and trees
a front view of a house with a yard

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.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.
  1. Listed by Julia Tucker • Long & Foster Real Estate INC

Property Details for 348-360 Cedar Lake Road, Unit A & B

View
Yes
Subdivision
Cedar Lake
LISTING UPDATED: 01/03/2026 02:52 PM

Property Details for 348-360 Cedar Lake Road, Unit A & B

StatusActive
MLS #10129995
Days on Market87
Taxes$6,372 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1981
Lot Size4.99 AC / 217,364 SF
CountyChatham County

Location

Listing Courtesy of Long & Foster Real Estate INC
Add your commute

Building Information for 348-360 Cedar Lake Road, Unit A & B

Stories-Residences4Year Built1981Building Size-Lot Size4.99 AC / 217,364 SF

Payment Calculator

$6,623 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,092

Property Taxes

$531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 348-360 Cedar Lake Road, Unit A & B

Summary
Location and General Information
  • 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.
  • Subdivision Name: Cedar Lake
  • Latitude: 35.851589
  • Longitude: -79.093162
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $6,372.00
  • City Limits YN: No
  • Lot Number: 348- 360
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2025-12-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: more than 1
School Information
  • Elementary School: Chatham - Chatham Grove
  • Middle Or Junior School: Chatham - Margaret B Pollard
  • High School: Chatham - Seaforth
Parking
  • Open Parking: Yes
  • Parking Features: Driveway
  • Carport: No
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Building Area Total: 4416.0
  • Lot Features: Wooded
  • Total Other Area Sq Ft: 0
  • Parcel Number: 2608
  • Structure Type: Duplex
Property and Assessments
  • New Construction: No
  • Photos Count: 34
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Common Walls: 1 Common Wall, End Unit
  • Community Features: None
Utilities
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Shared Well
  • Water_Sewer: Shared Well, Septic Tank, Cable Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Fencing: None
  • Foundation Details: Concrete Perimeter
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Wood Siding, Duplex
Interior Features
  • Levels: One
  • Flooring: Carpet, Linoleum
  • Cooling: Window Unit(s)
  • Cooling?: Yes
  • Heating: Baseboard
  • Heating?: Yes
  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Equipment Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Interior: Cable Available, Driveway, Wood Siding, Electric Dryer Hookup, Washer Hookup
  • Equipment: Electric Range, Electric Water Heater, Refrigerator, Electric Dryer Hookup, Washer Hookup, Driveway
Multi Family
Unit Information
  • Total Units: 4
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: Month To Month
  • TenantPays: Insurance, Pest Control
Units Information
Units Details
  • Number Of Units Month To Month: 5.0
Unit One
  • Unit One: Actual Rent: 950.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 2.0
  • Unit One: Deck: true
  • Unit One: Fireplace: true
  • Unit One: Garage Attached YN: false
  • Unit One: Kitchen: true
  • Unit One: Levels: One
  • Unit One: Living Area: 736.0
  • Unit One: Living Room: true
  • Unit One: Range: true
  • Unit One: Refrigerator: true
  • Unit One: Unit Type Description: 348 B
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Actual Rent: 950.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Deck: true
  • Unit Two: Dining Room: true
  • Unit Two: Fireplace: true
  • Unit Two: Garage Attached YN: false
  • Unit Two: Kitchen: true
  • Unit Two: Levels: One
  • Unit Two: Living Area: 736.0
  • Unit Two: Living Room: true
  • Unit Two: Range: true
  • Unit Two: Refrigerator: true
  • Unit Two: Unit Type Description: 348 A
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Actual Rent: 950.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Deck: true
  • Unit Three: Fireplace: true
  • Unit Three: Garage Attached YN: false
  • Unit Three: Kitchen: true
  • Unit Three: Levels: One
  • Unit Three: Living Area: 736.0
  • Unit Three: Living Room: true
  • Unit Three: Range: true
  • Unit Three: Refrigerator: true
  • Unit Three: Unit Type Description: 350 B
  • Unit Three: WasherDryer Hookups: true
Unit Four
  • Unit Four: Actual Rent: 950.0
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 2.0
  • Unit Four: Deck: true
  • Unit Four: Fireplace: true
  • Unit Four: Garage Attached YN: false
  • Unit Four: Kitchen: true
  • Unit Four: Levels: One
  • Unit Four: Living Area: 736.0
  • Unit Four: Living Room: true
  • Unit Four: Range: true
  • Unit Four: Unit Type Description: 350 A
  • Unit Four: WasherDryer Hookups: true

Property History for 348-360 Cedar Lake Road, Unit A & B

DateEvent & SourcePriceAppreciation
Oct 25, 2025

Listed (Active)

TRIANGLEMLS #10129995

$1,250,000—
DateEvent & SourcePrice
10/25/2025

Listed (Active)

TRIANGLEMLS #10129995

$1,250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 348-360 Cedar Lake Road, Unit A & B

This home is within Chatham County School District.
Rating
School
Type
Grades
Distance
Chatham Grove Elementary
Public - PK to 5
Margaret B. Pollard Middle School
Public - 6 to 8
Seaforth High
Public - 9 to 11
Chatham School Of Science & Engineering
Public - 9 to 13
Rating
School
Distance
Chatham Grove Elementary
PublicPK to 5

Margaret B. Pollard Middle School
Public6 to 8

Seaforth High
Public9 to 11

Chatham School Of Science & Engineering
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 348-360 Cedar Lake Road, Unit A & B, Chapel Hill, NC 27516

348-360 Cedar Lake Road, Unit A & B is a multi-family home for sale in Chapel Hill, NC 27516. This property was listed for sale on October 25, 2025 by Long & Foster Real Estate INC, it's currently listed at $1,250,000. This listing's school district is Chatham County School District. Nearby schools include Chatham Grove Elementary, Margaret B. Pollard Middle School and Seaforth High. 348-360 Cedar Lake Road, Unit A & B is a 12-bed, 6-bath, 4,416 sqft multi-family home built in 1981.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate INC

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