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501 North Street 501 North St 2 Unit Apartment Building For Sale Chapel Hill, NC 27514

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INVESTMENT HIGHLIGHTS

Located two blocks from UNC Chapel Hill Campus and Franklin Street.

EXECUTIVE SUMMARY

501 North Street is a three-story, two- unit, eight-bed/four-bath student housing property that presents a unique investment opportunity in the prestigious college town of Chapel Hill, North Carolina. Located two blocks from UNC Chapel Hill Campus and Franklin Street. Due to the proximity to campus and A+ location, strong
student rental market, and lack of competitive product this property is uniquely positioned for future organic rent growth.

501 North Street_OM_May 2025

PROPERTY FACTS

Sale Type	Investment	Lot Size	0.56 AC
No. Units	2	Building Size	3,900 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment	No. Stories	3
Apartment Style	Single-Family Home	Year Built/Renovated	1937/2013
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R - Residential-Improved

Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Single-Family Home
Building Class	C
Lot Size	0.56 AC
Building Size	3,900 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1937/2013
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R - Residential-Improved

UNIT AMENITIES

Air Conditioning
Dishwasher
Disposal

Washer/Dryer
Kitchen
Granite Countertops

Refrigerator
Oven

Range
Attic

SITE AMENITIES

24 Hour Access
Tenant Controlled HVAC

Walking/Biking Trails

Walk-Up

Smoke Detector

CONTACTS

Steven Peden
Kyle Gonzalez
David Zipparo
Avison Young

Listing ID: 35042008
Date on Market: 3/6/2025
Last Updated:
Address: 501 North St, Chapel Hill, NC 27514

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501 North St, Chapel Hill, NC for sale Primary Photo- Image 1 of 7 — Exterior

501 North St, Chapel Hill, NC for sale Building Photo- Image 2 of 7 — Exterior

501 North St, Chapel Hill, NC for sale Building Photo- Image 3 of 7 — Exterior 2

501 North St, Chapel Hill, NC for sale Building Photo- Image 4 of 7 — Bedroom

501 North St, Chapel Hill, NC for sale Building Photo- Image 5 of 7 — Bedroom 2

501 North St, Chapel Hill, NC for sale Building Photo- Image 6 of 7 — Living Room

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