721 S Merritt Mill Rd

Chapel Hill, NC 27516

$1,500,000
Price
12
Beds
3,954 Sq. Ft.
$379 / Sq. Ft.
3,954
Sq. Ft.
$379
per Sq. Ft.
721 S Merritt Mill_Outside
721 S Merritt Mill_Living Room
721 S Merritt Mill_Living Room2
721 S. Merritt Mill_Kitchen
721 S Merritt Mill_Bathoom
721 S Merritt Mill_Hallway
721 S Merritt Mill_Bedroom 3
721 S Merritt Mill_Bedroom 3 Closet
721 S Merritt Mill_Bedroom 1
721 S Merritt Mill_Bedroom 2
721 S Merritt Mill_bathroom2
721 S Merritt Mill_Living Room4
710 Edwards_House
710 Edwards_Living Room Kitchen 2
710 Edwards_Kitchen 2
710 Edwards_Kitchen 3
710 Edwards_laundry
719 AB S. Merritt Mill_House
719B Merritt Mill_Living Room
719B Merritt Mill_Kitchen
719B Merritt Mill_Living Room2
719B Merritt Mill_Laundry
719AB_Bedroom
719B Merritt Mill_Bedroom1
719 AB S. Merritt Mill_Bathroom
719B Merritt Mill-Bedroom
719B Merritt Mill_Back House
Floor plan 719 A&B

Description

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...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.
  1. Listed by Beth Akers • Dunlap Lilley Properties
  2. Listed by Pamela Zeman • Dunlap Lilley Properties

Property Details for 721 South Merritt Mill Road

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 10/28/2025 04:22 AM

Property Details for 721 South Merritt Mill Road

StatusActive
MLS #10127100
Days on Market90
Taxes$11,462 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Single Family Residence
Year Built1942
Lot Size0.44 AC / 19,166 SF
CountyOrange County

Location

Listing Courtesy of Dunlap Lilley Properties
Add your commute

Building Information for 721 South Merritt Mill Road

Stories-Residences4Year Built1942Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$8,266 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,311

Property Taxes

$955

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 721 South Merritt Mill Road

Summary
Location and General Information
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.90327
  • Longitude: -79.065622
  • Road Frontage Type: City Street
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $11,461.62
  • City Limits Of: Chapel Hill
  • City Limits YN: Yes
  • Lot Number: 0
  • Restrictive Covenants YN: No
Contract Information
  • Lease Expiration Date: 2026-07-31
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: Yes
  • Years Owned: 20
School Information
  • Elementary School: CH/Carrboro - Northside
  • Middle Or Junior School: CH/Carrboro - McDougle
  • High School: CH/Carrboro - Chapel Hill
Parking
  • Open Parking: Yes
  • Parking Features: Gravel, Off Street
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 3954.0
  • Lot Features: Landscaped, Many Trees, Near Public Transit
  • Total Other Area Sq Ft: 0
  • Number Of Buildings: 3
  • Other Structures: None
  • Parcel Number: 9788034672
  • Structure Type: Duplex, House, Site Built
Property and Assessments
  • New Construction: No
  • Photos Count: 28
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Pool Private: No
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • New Construction Type: Vinyl Siding, Duplex, House, Site Built
Interior Features
  • Levels: One
  • Flooring: Vinyl, Tile
  • Cooling: Central Air, Electric
  • Cooling?: Yes
  • Heating: Electric, Heat Pump
  • Heating?: Yes
  • Appliances: Dishwasher, Electric Oven, Washer/Dryer, Water Heater
  • Laundry Features: Laundry Room
  • Interior Features: Living/Dining Room Combination
  • Equipment Appliances: Dishwasher, Electric Oven, Washer/Dryer, Water Heater
  • Interior: Gravel, Off Street, Vinyl Siding, Laundry Room, Smoke Detector(s)
  • Equipment: Dishwasher, Electric Oven, Washer/Dryer, Water Heater, Laundry Room, Gravel, Off Street
Multi Family
Unit Information
  • Total Units: 4
Agent
Sale and Listing
  • Property Type: Residential Income
  • Property Class Name: CrossProperty
Rental
Rental Information
  • Lease Term: 12 Months
  • TenantPays: Cable TV, Electricity, Telephone, Water
Units Information
Unit One
  • Unit One: Baths Total: 2.0
  • Unit One: Beds Total: 4.0
  • Unit One: Dining Room: true
  • Unit One: Dishwasher: true
  • Unit One: Garage Attached YN: false
  • Unit One: Kitchen: true
  • Unit One: Levels: One
  • Unit One: Living Area: 1310.0
  • Unit One: Living Room: true
  • Unit One: Porch: true
  • Unit One: Refrigerator: true
  • Unit One: Unit Type Description: House
  • Unit One: Unit Type Total Rent: 2800.0
  • Unit One: Unit Type: 4 Bedroom Or More
  • Unit One: Utility Room: true
Unit Two
  • Unit Two: Baths Total: 2.0
  • Unit Two: Beds Total: 4.0
  • Unit Two: Dining Room: true
  • Unit Two: Dishwasher: true
  • Unit Two: Kitchen: true
  • Unit Two: Levels: One
  • Unit Two: Living Area: 1300.0
  • Unit Two: Living Room: true
  • Unit Two: Refrigerator: true
  • Unit Two: Unit Type Description: House
  • Unit Two: Unit Type: 4 Bedroom Or More
  • Unit Two: Utility Room: true
Unit Three
  • Unit Three: Baths Total: 1.0
  • Unit Three: Beds Total: 2.0
  • Unit Three: Dining Room: true
  • Unit Three: Dishwasher: true
  • Unit Three: Kitchen: true
  • Unit Three: Levels: One
  • Unit Three: Living Area: 672.0
  • Unit Three: Living Room: true
  • Unit Three: Range: true
  • Unit Three: Refrigerator: true
  • Unit Three: Unit Type Description: Duplex
  • Unit Three: Unit Type Total Rent: 650.0
  • Unit Three: Unit Type: 2 Bedroom
  • Unit Three: Utility Room: true
Unit Four
  • Unit Four: Baths Total: 1.0
  • Unit Four: Beds Total: 2.0
  • Unit Four: Dining Room: true
  • Unit Four: Dishwasher: true
  • Unit Four: Kitchen: true
  • Unit Four: Levels: One
  • Unit Four: Living Area: 672.0
  • Unit Four: Range: true
  • Unit Four: Refrigerator: true
  • Unit Four: Unit Type Description: Duplex
  • Unit Four: Unit Type Total Rent: 1100.0
  • Unit Four: Utility Room: true

Property History for 721 South Merritt Mill Road

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Listed (Active)

TRIANGLEMLS #10127100

$1,500,000—
Mar 18, 2011

Expired

TRIANGLEMLS #1714666

—
Mar 18, 2010

Listed (Active)

TRIANGLEMLS #1714666

$1,211,000—
DateEvent & SourcePrice
10/10/2025

Listed (Active)

TRIANGLEMLS #10127100

$1,500,000
03/18/2011

Expired

TRIANGLEMLS #1714666

—
03/18/2010

Listed (Active)

TRIANGLEMLS #1714666

$1,211,000

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

Public Records for 721 South Merritt Mill Road

Taxable ValueLand$308,300Additions$492,800Total$801,100
Tax Record2025$11,462 ($955 / month)
Home Facts
Baths6Total Finished SqFt1,392 SqFtAbove Grade Finished SqFt1,392 SqFtStories1Lot Size19,166 SqFtStyleMulti-Family Dwelling (2-4)Year Built1942Year Renovated1997ZoningR-3CountyORANGEAPN9788-03-4672

Schools near 721 South Merritt Mill Road

This home is within Chapel Hill-Carrboro City School District.
Rating
School
Type
Grades
Distance
Northside Elementary School
Public - PK to 5
Mcdougle Middle School
Public - 6 to 8
Chapel Hill High School
Public - 9 to 12
Virtual Academy School
Public - 9 to 12
Rating
School
Distance
Northside Elementary School
PublicPK to 5

Mcdougle Middle School
Public6 to 8

Chapel Hill High School
Public9 to 12

Virtual Academy School
Public9 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 721 South Merritt Mill Road, Chapel Hill, NC 27516

721 South Merritt Mill Road is a multi-family home for sale in Chapel Hill, NC 27516. This property was listed for sale on October 10, 2025 by Dunlap Lilley Properties, it's currently listed at $1,500,000. This listing's school district is Chapel Hill-Carrboro City School District. Nearby schools include Northside Elementary School, Mcdougle Middle School and Chapel Hill High School. 721 South Merritt Mill Road is a 12-bed, 6-bath, 3,954 sqft multi-family home built in 1942.

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 Dunlap Lilley Properties

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