1. North Carolina
  2. Chapel Hill
  3. 5 Howell Street
$1,850,000

5 Howell Street, Chapel Hill, NC 27514

  • 7,371 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon1.47acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $251/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare investor find! Explore an exceptional investment opportunity at 5 Howell Street, Chapel Hill! Situated conveniently close to UNC-Chapel Hill campus and hospital, this property boasts 9 units on a generous 1.47-acre lot. With a current monthly rent of $11,670 (leased through summer 2025) and potential for increases, it's a reliable income stream. Recent updates include a new roof installed in 2018, ensuring peace of mind for years to come. Includes off street parking. Get in on the dynamic development currently underway in the area. Whether you choose to maintain the steady rentals or redevelop (currently zoned R4 = potential for approx 5 more units) for higher returns, the possibilities are endless. Don't miss out on this prime location and its promising future!

Listing Status:
Active
Date Added:
May 23, 2025 at 05:00AM
Listing Office:
Compass -- Chapel Hill - Durham : 919-999-8482
Listing Agent:
Ken Cannon : 919-448-4262
MLS ID:
10098426
  • General: Apartment/Suite
  • Appliances: DishwasherRangeRefrigeratorWasher/Dryer Stacked
  • Laundry: In Unit
  • Basement: Apartment
  • Flooring: Ceramic TileCombinationLaminateVinyl
  • A/C: Ceiling Fan(s)Central AirVaries by UnitWall/Window Unit(s)
  • Heating: BaseboardCentralVaries by Unit
  • Disability Feature: Level Flooring

This listing courtesy of Ken Cannon, Compass -- Chapel Hill - Durham

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

U

Unc Hospital School

101 Manning Dr, Chapel Hill, NC, 27514

Grades PK-12

0.74 miles away

U

Unc Hospital School

101 Manning Dr, Chapel Hill, NC, 27514

Grades PK-12

0.74 miles away

U

Unc Hospital School

101 Manning Dr, Chapel Hill, NC, 27514

Grades PK-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.