Presenting an exceptional opportunity in the heart of Chapel Hill, this meticulously updated one-level home offers an outstanding investment potential. Set on a private wooded lot with an open front gathering space and plenty of parking in popular Elkin Hills, this classic Carolina one level home includes a separate one-bedroom apartment, ideal for those seeking a duplex-style living arrangement, with the option to occupy one unit and generate income from the other—an ideal setup for investors or those looking to offset living expenses. Currently rented. Boasting a prime central Chapel Hill location, this home is just minutes from UNC, as well as downtown shops, restaurants, and a vibrant downtown nightlife. Additionally, the local YMCA is nearby, and the convenient free bus line is just steps away. Designed for low-maintenance living, recent updates include a new roof, a newer deck, upgraded LVP flooring, modern lighting, and fresh paint throughout the apartment. The main house features a galley kitchen, 4 bedrooms, 2 full baths, beautiful hardwood floors, tile, and vinyl surfaces, and no carpet. With a proven history of consistent rental income, this residence presents an unparalleled opportunity for both homeowners and investors alike. Truly a rare find. Don't miss this special Chapel Hill gem.
For sale
Price cut: $30.5K (4/14)
$519,500
123 Barclay Rd, Chapel Hill, NC 27516
5beds
1,380sqft
Est.:
Single Family Residence, Residential
Built in 1947
0.33 Acres Lot
$-- Zestimate®
$376/sqft
$-- HOA
What's special
Modern lightingNewer deckBeautiful hardwood floorsFresh paintGalley kitchenPrivate wooded lotNew roof
- 36 days
- on Zillow |
- 1,033 |
- 37 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 10:47am
Listed by:
Pat Dillon 919-368-4068,
Nest Realty of the Triangle
Source: Doorify MLS,MLS#: 10083813

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Forced Air, Varies by Unit, Other
Cooling
- Central Air, Varies by Unit, Other
Appliances
- Included: Dishwasher, Dryer, Electric Range, Range Hood, Refrigerator, Washer
- Laundry: In Hall, Laundry Room, Main Level, Multiple Locations
Features
- Apartment/Suite, Built-in Features
- Flooring: Vinyl, Wood
- Basement: Apartment, Exterior Entry, Finished, Heated, Crawl Space
Interior area
- Total structure area: 1,380
- Total interior livable area: 1,380 sqft
- Finished area above ground: 1,380
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Common, Gravel, Parking Pad
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
Lot
- Size: 0.33 Acres
- Features: Hardwood Trees, Wooded
Details
- Parcel number: 9789239142
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow, Ranch, Transitional
- Property subtype: Single Family Residence, Residential
Materials
- See Remarks
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Elkin Hills
HOA
- Has HOA: No
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $376/sqft
- Tax assessed value: $298,000
- Annual tax amount: $4,926
- Date on market: 3/21/2025
- Lease term: 12 Months
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