400 Rosemary Street
Chapel Hill, NC 27516Prime Rosemary Street Location | UNC Investment Opportunity Well-maintained 2-bedroom, 2-bathroom, four-story townhome-style condo in downtown Chapel Hill, just off Rosemary Street and within walking distance of UNC-Chapel Hill, UNC Hospitals, Franklin Street, restaurants, shops, and public transportation. The property offers a townhome-style layout with no neighbors above or below, hardwood floors, a gas fireplace, dining area, and a well-appointed kitchen with granite countertops and stainless steel appliances. Additional features include a private rooftop terrace and assigned covered parking, valuable amenities in downtown Chapel Hill. The location and two-bedroom floor plan make this an attractive option for the UNC student, faculty, medical, and professional rental market, subject to HOA and leasing restrictions. Currently leased through the end of July 2027, offering immediate rental income for the next owner. For parents of incoming UNC students, this creates a unique opportunity to collect rental income while their child is still in their freshman year, rather than purchasing a property that could sit vacant until their student is ready to move in. A well-positioned downtown Chapel Hill property offering immediate income, long-term ownership potential, and an exceptional location near UNC.
$499,000
2 bedrooms
2 full bathrooms
1,207 square feet
$413 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick Veneer
- Exterior Features Balcony, Barbecue, Outdoor Grill
- Parking Features Off Street
- Patio And Porch Features Deck, Terrace
- Structure Type Site Built
- Above Grade Finished Area 1,207
- Appliances Dishwasher, Dryer, Electric Cooktop, Electric Range, Exhaust Fan, Free-Standing Refrigerator, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Cooling Ceiling Fan(s), Central Air
- Cooling Y/N Yes
- Fireplace Features Gas Log, Living Room
- Fireplaces Total 1
- Flooring Carpet, Tile, Wood
- Heating Central, Fireplace(s)
- Heating Y/N Yes
- Interior Features Ceiling Fan(s), Crown Molding, Recessed Lighting, Stone Counters
- Laundry Features In Unit
- Rooms Total 2
- Association Fee Frequency Monthly
- Association Fee Includes Insurance, Maintenance Grounds, Maintenance Structure, Trash
- Association Y/N Yes
- Tax Annual Amount 5985.78
- Water Source Public
- Year Built 2005
Additional Property Information
- TypeCondominium
- Built2005
- NeighborhoodRosemary Village
- CountyOrange
- AreaChapel Hill
- Elementary SchoolChapel Hill Carrboro - Northside Elementary School
- Middle SchoolChapel Hill Carrboro - RD and Euzelle Smith Middle School
- High SchoolChapel Hill Carrboro - Chapel Hill High School
Listing courtesy of Mill House Properties. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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