16 Davie Circle, Chapel Hill, NC 27514
16 Davie Circle, Chapel Hill, NC 27514
16 Davie Circle, Chapel Hill, NC 27514
16 Davie Circle, Chapel Hill, NC 27514
16 Davie Circle, Chapel Hill, NC 27514
16 Davie Circle, Chapel Hill, NC 27514
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Listed by Compass -- Raleigh
$ 699,900
Est. payment | /mo

4 Beds

2 Baths

1,886 SqFt


$ 699,900
Est. payment | /mo

4 Beds

2 Baths

1,886 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,886 sqft

Price per Sqft $371

Subdivision Davie Woods

MLS Listing ID 10171683

Style Site Built

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,886

Year Built 1978

Annual Tax Amount $8,398

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Single Family Residence

Source Triangle MLS

Property Description

Investment Opportunity in One of Chapel Hill's Most Desirable Rental Corridors - Currently rented through July 28, 2026 at $3800 a month. Then July 28 2026-2027 for $3875. Positioned approximately one mile from the University of North Carolina at Chapel Hill, this property offers the combination investors seek most: a high-demand location, functional floor plan, and significant recent capital improvements that reduce near-term ownership costs. Located on Davie Circle, a well-established neighborhood with consistent demand from faculty, graduate students, medical professionals, and long-term residents, this property is strategically positioned to benefit from Chapel Hill's limited housing inventory and enduring rental market fundamentals. The versatile layout includes four bedrooms, creating multiple opportunities for maximizing rental income, accommodating work-from-home tenants, or supporting multi-generational living arrangements. The open design and abundant natural light enhance tenant appeal while supporting strong occupancy potential. Recent improvements provide a compelling deferred-maintenance story. Major updates include a screened porch and storage room addition (2016), roof replacement with skylight (2018), new deck (2019), water heater (2022), and HVAC heat pump system (2023). The kitchen has also been upgraded with quartz countertops, delivering the modern finishes today's tenants expect while minimizing future capital expenditures. Outdoor amenities further strengthen the property's rental profile. The screened porch, deck, and fully fenced private yard offer desirable lifestyle features that can support premium rents, improve tenant retention, and differentiate the asset from competing inventory near campus. For investors seeking immediate income potential, the property is move-in ready with no significant renovation bridge period required. The combination of location, flexible square footage, private outdoor space, and substantial system upgrades creates a well-positioned asset in one of North Carolina's most resilient university-driven housing markets. Strong location. Proven demand. Capital improvements already completed. A turnkey opportunity for investors focused on long-term appreciation, stable occupancy, and reduced maintenance exposure.

Location

State NC

County Orange

Direction From downtown Chapel Hill, take E Franklin St. Turn right onto Davie Circle and continue around the one-way loop. The home will be on the right at 16 Davie Cir.

Rooms

Other Rooms Primary Bedroom: 13.0 x 13.6 (Lower)
Bedroom 2: 13.7 x 14.7 (Lower)
Bedroom 3: 11.0 x 14.0 (Upper)
Dining Room: 7.0 x 10.0 (Upper)
Family Room: 16.6 x 18.3 (Upper)
Kitchen: 8.4 x 10.6 (Upper)
Other: 6.0 x 12.0 (Upper)
Other: 3.0 x 3.0 (Upper)
Other: 8.0 x 8.0 (Upper)

Basement Daylight, Finished, Full

Primary Bedroom Level Lower

Interior

Heating Heat Pump

Cooling Central Air, Heat Pump

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Disposal, Washer

Laundry Inside, Lower Level

Exterior

Fence Back Yard

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Roof Type Shingle

Street Surface Asphalt

Porch Deck, Porch, Rear Porch, Screened

Garage No

Private Pool No

Building

Lot Description Landscaped

Faces From downtown Chapel Hill, take E Franklin St. Turn right onto Davie Circle and continue around the one-way loop. The home will be on the right at 16 Davie Cir.

Story 2

Foundation Permanent

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories 2

Structure Type Brick Veneer,Cedar

New Construction No

Schools

Elementary Schools Chapel Hill Carrboro - Frank Porter Graham Dual Language Magnet Elementary School

Middle Schools Chapel Hill Carrboro - Grey Culbreth Middle School

High Schools Chapel Hill Carrboro - East Chapel Hill High School

Others

Senior Community No

Tax ID 9788888848

Special Listing Condition Standard

Doorify MLS / Triangle MLS

Schools and Properties Nearby

Learn More About LPT Realty

Hart & Jahoo
Hart & Jahoo

+1(919) 670-5880 | info@hartandjahoo.com

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16 Davie Circle