16 Davie Circle, Chapel Hill, NC 27514
Local realty services provided by:CENTURY 21 New Beginnings
16 Davie Circle,Chapel Hill, NC 27514
$675,000
- 4 Beds
- 2 Baths
- 1,886 sq. ft.
- Multi-family
- Pending
Listed by: dana ellington
Office: compass -- raleigh
MLS#:10171683
Source:RD
Price summary
- Price:$675,000
- Price per sq. ft.:$357.86
About this home
Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure....
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Home facts
- Year built:1978
- Listing ID #:10171683
- Added:54 day(s) ago
- Updated:July 28, 2026 at 03:52 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:11
- Flooring:Hardwood
- Kitchen Description:Dishwasher, Disposal, Washer
- Basement:Yes
- Basement Description:Daylight, Finished, Full
- Living area:1,886 sq. ft.
Heating and cooling
- Cooling:Central Air, Heat Pump
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1978
- Building area:1,886 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Landscaped
- Architectural Style:Bungalow
- Construction Materials:Brick Veneer, Cedar
- Exterior Features:Deck, Porch, Rear Porch, Screened
- Foundation Description:Permanent
- Levels:Multi/Split
Schools
- High school:Chapel Hill Carrboro - East Chapel Hill High School
- Middle school:Chapel Hill Carrboro - Grey Culbreth Middle School
- Elementary school:Chapel Hill Carrboro - Frank Porter Graham Dual Language Magnet Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$357.86
- Tax amount:$8,398
Features and amenities
- Laundry features:Inside, Lower Level
Parking
- Parking description:Driveway
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