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Take a virtual tour507 Forrest Street
Hillsborough, NC 27278Charming Hillsborough Cottage with Investment Potential! Opportunity awaits at 507 Forrest Street in Hillsborough, a charming cottage situated on a spacious .26-acre lot in an established in-town neighborhood just minutes from Churton Street and historic downtown. This home offers a solid foundation for future updates with vinyl siding, replacement vinyl windows, a durable metal roof, and original hardwood floors ready to be brought back to life. Whether you're looking for a personal renovation project, a classic fixer-upper, or an investment opportunity, this property provides the perfect starting point to create something special. With surrounding homes frequently selling in the $325,000+ range, buyers have the opportunity to build instant equity through thoughtful renovations while enjoying one of the Triangle's most beloved small towns. Hillsborough offers a vibrant yet relaxed lifestyle, blending historic charm with modern growth. Just minutes away, residents can enjoy a variety of popular local restaurants, craft breweries, boutique shopping, and scenic outdoor recreation, all centered around the town's welcoming and walkable downtown. Hillsborough continues to experience steady population and economic growth within Orange County, while maintaining the authentic small-town character, historic architecture, and walkable downtown atmosphere that make it one of the Triangle's most desirable communities. Whether you're searching for a project home, investment property, or the chance to restore a classic Hillsborough cottage, this property offers location, potential, and long-term upside!
$200,000
2 bedrooms
1 full bathrooms
0.26 acres
874 square feet
$229 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Vinyl Siding
- Fencing Chain Link
- Lot Size Acres 0.26
- Other Structures Storage, Shed(s)
- Parking Features Asphalt, Carport, Driveway
- Patio And Porch Features Porch, Patio
- Structure Type House, Site Built
- Above Grade Finished Area 874
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Hardwood
- Heating Forced Air, Gas Pack
- Heating Y/N Yes
- Rooms Total 7
- Lot Features Rectangular Lot, Back Yard, Front Yard, Cleared
- Tax Annual Amount 2424.64
- Water Source Public
- Year Built 1951
Additional Property Information
- TypeSingle Family Residence
- Built1951
- NeighborhoodHillsborough Heights
- CountyOrange
- AreaHillsborough
- Elementary SchoolOrange - Central
- Middle SchoolOrange - Orange
- High SchoolOrange - Orange
Listing courtesy of Keller Williams Elite Realty. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-03-25T15:36:05.000Z.