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$1,500,000

  • For Sale
  • Active
  • Single Family
  • 12 Beds
  • 6 Full Baths
  • 3,954 Sq. Ft.
  • 0.44 Acres
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LOCATION, LOCATION, LOCATION! This rare investment opportunity features three structures on a single parcel, being sold together, and fully tenant-occupied. Unit 1 (721 S. Merritt Mill Road) is a detached 4-bedroom, 2-bath home with an updated kitchen. Unit 2 (710 Edwards Street) is a detached 4-bedroom, 2-bath home with an updated kitchen. Units 3 and 4 (719 A & B S. Merritt Mill Road) comprise a duplex with 2 bedrooms and 1 bath on each side. Conveniently located less than one mile from UNC Campus and near Franklin Street and Carrboro, this property presents an excellent investment opportunity in a prime Chapel Hill location. All units have ample parking.

Full Property Details for 721 S Merritt Mill Rd

General

  • Price: $1,500,000
  • Taxes: $11,461
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10127100
  • Updated: 10/10/2025
  • Added to Site: 101 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Living/Dining Room Combination
  • Appliances: Dishwasher, Electric Oven, Washer/Dryer, Water Heater
  • Flooring: Vinyl, Tile

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 12

Other Rooms

  • Laundry: Laundry Room

Parking

  • Parking Features: Gravel, Off Street

Location

  • County: Orange
  • Subdivision: Not in a Subdivision
  • City Limits: Yes

School Information

  • Elementary School: CH/Carrboro - Northside
  • Middle School: CH/Carrboro - McDougle
  • High School: CH/Carrboro - Chapel Hill

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Electric, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 3
  • Structure Type: Duplex, House, Site Built
  • Exterior Const.: Vinyl Siding
  • Roof: Shingle
  • Building Size: 3954
  • Square Feet: 3,954
  • Finished Above Grnd: 3,954 Sq. Ft.
  • Year Built: 1942

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.44
  • Lot Size (Sq. Ft.): 19,166.4
  • Frontage: City Street
  • Lot Features: Landscaped, Many Trees, Near Public Transit

Financial Considerations

  • Tax Amount: $11,461.62

Disclosures and Reports

  • Special Conditions: Trust
  • Property ID: 9788034672

Listed by Dunlap Lilley Properties, Beth Akers (239) 738-9716 and Dunlap Lilley Properties, Pamela Zeman (919) 260-1019

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Listing agents

— 721 S Merritt Mill Rd —

  • Beth Akers

    Dunlap Lilley Properties

  • Pamela Zeman

    Dunlap Lilley Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 721 S Merritt Mill Rd

School District:Chapel Hill-Carrboro Schools
NameGradesDistance
Northside Elementary School, Chapel Hill, NC
350 Caldwell Street, Chapel Hill, NC 27516
K-51 mi
Mcdougle Middle School
900 Old Fayetteville Road, Chapel Hill, NC 27516
6-82.6 mi
Chapel Hill High School
9217 Seawell School Road, Chapel Hill, NC 27516
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 721 S Merritt Mill Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/10/2025
Listed
$1,500,000
92.31%
MLS
2/01/2005
Sold
$780,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 721 S Merritt Mill Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,462
30%
$801,100
72%
2024
$8,828
2%
$466,600
—
2023
$8,630
5%
$466,600
—
2021
$8,212
-1%
$466,600
—
2022
$8,305
1%
$466,600
5%
2021
$8,212
1%
$445,500
—
2018
$8,091
2%
$445,500
—
2017
$7,923
2%
$445,500
4%
2016
$7,766
5%
$429,092
—
2014
$7,414
2%
$429,092
—
2013
$7,279
—
$429,092
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 721 S Merritt Mill Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Dunlap Lilley Properties, Beth Akers (239) 738-9716 and Dunlap Lilley Properties, Pamela Zeman (919) 260-1019

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721 S Merritt Mill Road, Chapel Hill, NC 27516 (MLS# 10127100) is a Single Family property with 12 bedrooms and 6 full bathrooms. 721 S Merritt Mill Road is currently listed for $1,500,000 and was received on October 10, 2025. Want to learn more about 721 S Merritt Mill Road? Do you have questions about finding other Single Family real estate for sale in Chapel Hill? You can browse all Chapel Hill real estate or contact a Coldwell Banker agent to request more information.

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