2938a-2944 Chapel Hill Road, Durham, NC, 27707

Just Listed

Address

2938a-2944 Chapel Hill Road, Durham, NC

Listing Type

Active

Price

$ 4,300,000

Property Attributes

ID#10195501
TypeMulti-Family
Listing Status Active
CountyDurham
CityDurham
NeighborhoodNot in a Subdivision
Zip27707
StyleContemporary, Transitional
Year Built2026
Price$ 4,300,000
Bedrooms32
Full Bathrooms32
Half Bathrooms8
Sqr Footage18504
Lot Size0.64 Acres

Data Source:

Triangle MLS (TMLS)

Property Description

Valley Heights presents a rare opportunity to acquire 8 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. Each approximately 2,313-square-foot residence features 4-bedrooms and 4.5 bathrooms, including the particularly versatile feature of full-bath access for every bedroom. 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. 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.

Price History
9/29/2026	Listed $4,300,000

General Features

Sewer	Public Sewer
Heating	Natural Gas
Cooling	Central Air,Electric
Roof	Architectural Shingle
Architectural Style	Contemporary,Transitional
Construction Materials	Board & Batten Siding,Cement Siding
Year Built	2026
Levels	Quad-Level
Property Subtype	Townhouse
Building Name	Valley Heights
County	Durham
New Construction	true
Property Type	Residential Income
HOA	false
Attached Garage	false
Subdivision Name	Not in a Subdivision
Full Baths	32
Status	Active
City	Durham
Open Parking Spaces	22
Lot Size Units	Acres
Lot Size Square Feet	27878.4
Tax Annual Amount	37759.24
Structure Type	Duplex,Townhouse,Other
Standard Status	Active

Interior Features

Basement	Finished,Walk-Out Access
Flooring	Luxury Vinyl,Tile
Common Walls	1 Common Wall
Air Conditioning Y/N	true
Heating Y/N	true
Above Grade Finished Area	13624
Half Baths	8
Laundry Features	Multiple Locations
Total Bedrooms	32
Below Grade Finished Area	4880
Total Baths	40

Exterior Features

Parking Features	Assigned,Guest,Parking Pad,Paved
Water Source	Public
Lot Size Area	0.64
Foundation Details	Slab
Building Area Total	18504
Lot Size Acres	0.64