For Sale Multi-Family MLS# 10195382

2938-2944 Chapel Hill Road

Durham, NC 27707

$4,300,000

  • 18,504Sq Ft
  • 0.64Acres
  • 2026Built
  • $232Per Sq Ft
  • 48Days Listed
doorify-mls-rsd logo

About 2938-2944 Chapel Hill Road

Valley Heights presents a rare opportunity to acquire eight completed, new-construction residences in a single transaction at a portfolio basis below individual appraised value. Each residence has been independently appraised at $612,000, representing an aggregate appraised value of approximately $4.896 million across the eight-unit portfolio. Delivered vacant and completed in 2026, the offering gives an incoming investor significant flexibility from day one. Potential strategies include traditional long-term rentals, furnished mid-term or short-term accommodations where permitted, corporate housing, individual retail resale, or a hybrid strategy that monetizes units over time while retaining others for income. Each approximately 2,313-square-foot residence features four bedrooms and 4.5 bathrooms, including the particularly versatile feature of full-bath access for every bedroom. The homes were constructed and finished for the retail residential market rather than as conventional rental product, with Pella windows, Bosch stainless steel appliances, solid-wood soft-close cabinetry, oversized waterfall quartz islands, tiled walk-in showers, durable LVP flooring, and upper- and lower-level laundry areas. Located along Chapel Hill Road in Southwest Durham, Valley Heights provides convenient connectivity to Downtown Durham, Duke University, Chapel Hill, Research Triangle Park and the broader Triangle employment base.

Property details

Property

Type
Multi Family
MLS type
Multi Family Home
Status
Active
Year built
2026
Living area
18,504 sqft
Price / sqft
$232
Lot
0.642
Original price
$4,300,000
MLS #
10195382

Exterior & lot

Construction
Cement Siding

Schools

District
Durham Public Schools

Financial

Financial
Doorify MLS
Annual tax
$37,759
Tax year
2026
Parcel
multiple: see private remarks
Legal
Multiple
Special conditions
Standard

Location

County
Durham
Neighborhood
Chapel Hill Road

Ask about this property

Questions on 2938-2944 Chapel Hill Road, Durham, NC 27707, or want to see it in person?

Listed by Gabriel Gorelick, Better Realty LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.