594 Cedar Lake Road
Chapel Hill, NC 27516Turnkey Multi Unit Investment opportunity available! Updated 6 - unit Condominium units on approx. 5 acres in the beautiful Chapel Hill area with low Chatham County taxes and NO HOA! This is a rare chance to own a 6 -unit condominium package on almost 5 acres of land that has much more potential. All 6 units have an excellent and proven rental history that is just minutes to UNC/CH hospital, shops and grocery stores. Each unit is 736 sq ft and offers a 2 bed / 1 bath, fireplace, new floors, appliances, fiber cement siding, decks and more! One unit is available for showings while being updated. Units are managed by Evans Property Management
$1,195,000
6 bedrooms
3 full bathrooms
4.98 acres
4,416 square feet
$271 per square foot
- Exterior Features
- Interior Features
- Property Features
- Attached Garage Y/N No
- Construction Materials Fiber Cement
- Lot Size Acres 4.98
- Parking Features Open
- Structure Type Duplex
- Above Grade Finished Area 4,416
- Below Grade Finished Area 0
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Luxury Vinyl
- Heating Heat Pump
- Heating Y/N Yes
- Association Y/N No
- Lot Features Partially Cleared
- Tax Annual Amount 5744.75
- Water Source Shared Well, Well
- Year Built 1981
Additional Property Information
- TypeCondominium
- Built1981
- NeighborhoodShadow Ridge
- CountyChatham
- AreaChapel Hill
- Elementary SchoolChatham - Chatham Grove Elementary
- Middle SchoolChatham - Margaret B Pollard Middle School
- High SchoolChatham - Seaforth High School
Listing courtesy of 1st Choice Realty of Triangle. © 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 2026-10-01T16:39:17Z.