594 Cedar Lake Rd, Unit A & B

Chapel Hill, NC 27516

$1,635,000
Price
6
Beds
4,416 Sq. Ft.
$370 / Sq. Ft.
4,416
Sq. Ft.
$370
per Sq. Ft.
a view of outdoor space and yard
a view of outdoor space with a yard
a backyard of a house with table and chairs
a view of outdoor space and deck
a view of a house with a backyard and trees
a view of a house with a yard
a view of a house with a backyard
a view of a house with a yard and trees
a view of a house with backyard and deck
a view of an empty room with wooden floor and a window
a view of empty room with a fireplace and wooden floor
a view of empty room with wooden floor
a large kitchen with a stove and a refrigerator
a kitchen with wooden cabinets and stainless steel appliances
a kitchen with stainless steel appliances a refrigerator and a sink
a view of empty room with wooden floor and fan
a view of empty room with wooden floor and fireplace
a view of an empty room with wooden floor and a window
a view of gallery with wooden floor
an empty room with wooden floor and windows
a view of an empty room
a bathroom with a sink toilet and shower
a bathroom with a sink toilet and vanity
a view of walk in closet with empty racks
a bathroom with a toilet a sink and shower
a bathroom with a walk in closet and wooden floor
an empty room with wooden floor and windows
a view of a hallway with wooden floor
a utility room with dryer and washer
an empty room with wooden floor and windows
a view of a house with a backyard
a view of outdoor space with garden and entertaining space
a backyard of a house with lots of green space
a view of a house with a park
a house view with a garden space
a view of a park with large trees
a view of backyard with barbeque grill and a parked area
a view of a street view
a view of a house with a big yard and potted plants and large trees

Description

Turnkey Multi Unit Investment opportunity available! Updated 6-unit Condominium Units on Approx. 5 acres in the Beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6-unit condominium package on 5 acres of land that has much more potential. All 6 units have Excellent Rental history, close to UNC/CH Hospital, shops and grocery stores. Each unit is 736 sq ft that offers a 2 bed / 1 bath with a fireplace, new floors, appliances, fiber cement exterior siding,...Turnkey Multi Unit Investment opportunity available! Updated 6-unit Condominium Units on Approx. 5 acres in the Beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6-unit condominium package on 5 acres of land that has much more potential. All 6 units have Excellent Rental history, close to UNC/CH Hospital, shops and grocery stores. Each unit is 736 sq ft that offers a 2 bed / 1 bath with a fireplace, new floors, appliances, fiber cement exterior siding, decks and more! Total rent for all 6 units is $7,225 with a proven rent history. This property is being sold as a package deal with 4604 Lavista Ct. in Raleigh. (MLS# 10116688) Total number of units is 8 with a total income of $9,875.
  1. Listed by Todd Averette • 1st Choice Realty of Triangle
  2. Listed by Mary Jo Edgerton • 1st Choice Realty of Triangle

Property Details for 594 Cedar Lake Road, Unit A & B

View
Yes
Subdivision
Shadow Ridge
LISTING UPDATED: 10/28/2025 04:16 AM

Property Details for 594 Cedar Lake Road, Unit A & B

StatusActive
MLS #10116697
Days on Market168
Taxes$5,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Condominium
Year Built1981
Lot Size4.98 AC / 216,928 SF
CountyChatham County

Location

Listing Courtesy of 1st Choice Realty of Triangle
Add your commute

Building Information for 594 Cedar Lake Road, Unit A & B

Stories-Residences6Year Built1981Building Size-Lot Size4.98 AC / 216,928 SF

Payment Calculator

$8,447 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,969

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 594 Cedar Lake Road, Unit A & B

Summary
Location and General Information
  • Zoning: R-2
  • Directions: From Chapel Hill take 15 / 501 4 miles toward Pittsboro, turn Rt on Manns Chapel Rd, then turn Rt on Cedar Lake Rd. Properties are all the way down across the bridge to the right.
  • Subdivision Name: Shadow Ridge
  • Latitude: 35.853039
  • Longitude: -79.092975
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $5,744.75
  • City Limits YN: No
  • Lot Number: F
  • Restrictive Covenants YN: Yes
Contract Information
  • Lease Expiration Date: 2026-08-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 2
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: Gravel
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 4416.0
  • Total Other Area Sq Ft: 0
  • Number Of Buildings: 3
  • Parcel Number: 002606
  • Structure Type: Duplex
Property and Assessments
  • New Construction: No
  • Photos Count: 39
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
Utilities
  • Sewer: Septic Tank
  • Water Source: Shared Well, Well
  • Water_Sewer: Shared Well, Well, Septic Tank
Interior and Exterior Features
Exterior Features
  • Construction Materials: Fiber Cement
  • Pool Private: No
  • Roof: Shingle
  • New Construction Type: Fiber Cement, Duplex
Interior Features
  • Levels: One
  • Basement Description: Crawl Space
  • Flooring: Vinyl
  • Cooling: Central Air, Heat Pump
  • Cooling?: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating?: Yes
  • Interior: Gravel, Fiber Cement
  • Equipment: Gravel
Multi Family
Unit Information
  • Total Units: 6
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months
Units Information
Unit One
  • Unit One: Above Grade Finished Area: 736.0
  • Unit One: Actual Rent: 1200.0
  • Unit One: Baths Total: 1.0
  • Unit One: Beds Total: 2.0
  • Unit One: Deck: true
  • Unit One: Dishwasher: 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: 594 A
  • Unit One: Unit Type Total Rent: 1200.0
  • Unit One: Unit Type: 2 Bedroom
  • Unit One: Units Total: 1.0
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Above Grade Finished Area: 736.0
  • Unit Two: Actual Rent: 1175.0
  • Unit Two: Baths Total: 1.0
  • Unit Two: Beds Total: 2.0
  • Unit Two: Deck: true
  • Unit Two: Dishwasher: 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: 594 B
  • Unit Two: Unit Type Total Rent: 1175.0
  • Unit Two: Unit Type: 2 Bedroom
  • Unit Two: Units Total: 1.0
  • Unit Two: WasherDryer Hookups: true
Unit Three
  • Unit Three: Above Grade Finished Area: 736.0
  • Unit Three: Actual Rent: 1225.0
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Deck: true
  • Unit Three: Dishwasher: 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: Range: true
  • Unit Three: Refrigerator: true
  • Unit Three: Unit Type Description: 618 A
  • Unit Three: Unit Type Total Rent: 1225.0
  • Unit Three: Unit Type: 2 Bedroom
  • Unit Three: WasherDryer Hookups: true
Unit Four
  • Unit Four: Above Grade Finished Area: 736.0
  • Unit Four: Actual Rent: 1225.0
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 2.0
  • Unit Four: Deck: true
  • Unit Four: Dishwasher: true
  • Unit Four: Fireplace: true
  • Unit Four: Kitchen: true
  • Unit Four: Levels: One
  • Unit Four: Living Area: 736.0
  • Unit Four: Range: true
  • Unit Four: Refrigerator: true
  • Unit Four: Unit Type Description: 618 B
  • Unit Four: Unit Type Total Rent: 1225.0
  • Unit Four: Unit Type: 2 Bedroom
  • Unit Four: WasherDryer Hookups: true

Property History for 594 Cedar Lake Road, Unit A & B

DateEvent & SourcePriceAppreciation
Aug 19, 2025

Listed (Active)

TRIANGLEMLS #10116697

$1,635,000—
Aug 15, 2023

Sold

TRIANGLEMLS #2461223

$1,025,000—
Aug 15, 2023

Sold

TRIANGLEMLS #2461223

$1,025,000—
Jul 7, 2023

Pending

TRIANGLEMLS #2461223

—
Oct 26, 2022

Price Change

TRIANGLEMLS #2461223

$1,150,000—
Jul 9, 2022

Listed (Active)

TRIANGLEMLS #2461223

$1,195,000—
Jul 9, 2022

Listed (Active)

TRIANGLEMLS #2461223

$1,195,000—
DateEvent & SourcePrice
08/19/2025

Listed (Active)

TRIANGLEMLS #10116697

$1,635,000
08/15/2023

Sold

TRIANGLEMLS #2461223

$1,025,000
08/15/2023

Sold

TRIANGLEMLS #2461223

$1,025,000
07/07/2023

Pending

TRIANGLEMLS #2461223

—
10/26/2022

Price Change

TRIANGLEMLS #2461223

$1,150,000
07/09/2022

Listed (Active)

TRIANGLEMLS #2461223

$1,195,000
07/09/2022

Listed (Active)

TRIANGLEMLS #2461223

$1,195,000

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

Schools near 594 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 County Schools Virtual Academy
Public - K to 12
Rating
School
Distance
Chatham Grove Elementary
PublicPK to 5

Margaret B. Pollard Middle School
Public6 to 8

Seaforth High
Public9 to 11

Chatham County Schools Virtual Academy
PublicK to 12

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 594 Cedar Lake Road, Unit A & B, Chapel Hill, NC 27516

594 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 August 19, 2025 by 1st Choice Realty of Triangle, it's currently listed at $1,635,000. It has been on the market for a total of 168 days and was last sold on August 15, 2023. This listing's school district is Chatham County School District. Nearby schools include Chatham Grove Elementary, Margaret B. Pollard Middle School and Seaforth High. 594 Cedar Lake Road, Unit A & B is a 6-bed, 3-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 1st Choice Realty of Triangle

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