594 Cedar Lake Road, Chapel Hill, NC 27516

Chapel Hill
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
594 Cedar Lake Road,Chapel Hill, NC 27516
$1,195,000
  • 6 Beds
  • 3 Baths
  • 4,416 sq. ft.
  • Multi-family
  • Active
Listed by: todd averette, mary jo edgerton
Office: 1st choice realty of triangle
MLS#:10195912
Source:RD

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$270.61

About this home

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 almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management

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Home facts

  • Year built:1981
  • Subdivision & Development:Shadow Ridge
  • Listing ID #:10195912
  • Added:8 day(s) ago
  • Updated:October 08, 2026 at 04:05 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Luxury Vinyl
  • Living area:4,416 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1981
  • Building area:4,416 sq. ft.
  • Lot area:4.98 Acres
  • Lot Features:Partially Cleared
  • Construction Materials:Fiber Cement
  • Foundation Description:Block, Permanent
  • Levels:One

Schools

  • High school:Chatham - Seaforth High School
  • Middle school:Chatham - Margaret B Pollard Middle School
  • Elementary school:Chatham - Chatham Grove Elementary

Utilities

  • Water:Shared Well, Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$270.61
  • Tax amount:$5,745
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