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20 Chaney Lane

Louisburg, NC 27549

6 beds
4 baths
2,352 sqft
~1 acre lot
$204 per sqft
2018 build
– on site

ATTENTION INVESTORS! Rare newer stick built Duplex for sale near downtown Louisburg with an in place Cap Rate of 6.8% (1of 4 properties being offered by this seller in this neighborhood see MLS) Purchase 1 or all 4. This home features a mirrored image of the SFR floor plan connected at the garages for privacy and quiet enjoyment of the tenant living spaces. Both units feature a 3bd / 2ba floor plan with almost 1200sq/ft of living space and the duplex sits on almost a full acre of land. This is a great quiet area of Louisburg just outside of downtown on HWY 56. Louisburg offers the best of both worlds like quiet country living with easy access to the amenities, employment opportunities, and the entertainment of a major city like Raleigh just a ½ hour drive away. Louisburg is surrounded by natural beauty, offering plenty of outdoor activities like fishing, hiking, and boating at nearby Lake Royale. Being offered 100% occupied with below market rents. The 6.8% Cap rate is based on current rents and 2024 taxes and insurance numbers assuming a owner operated cash purchase. A new owner could realize a higher cap rate with minor cosmetic CAP X improvements like paint and LVP and push rents higher. These homes were built in 2018 and present tremendous value as there will be little maintenance or upgrades required by a new owner for the next several years. The current owners built this neighborhood and furnished this home with a spacious open floor plan with features tenants request like granite counters and a garage. Off-street parking adds extra value, making it even more convenient for residents. Additionally, with no HOA, you save on monthly expenses and retain full control over the property. This property boasts a proven track record and excellent rental history, making it an ideal opportunity for savvy investors.

Listing courtesy of DMLS / Keller Williams Elite Realty

Last checked: Checking… • Last updated Apr 4, 2025 •

MLS# 10085892 —

The Building

Year Built:

2018
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Traditional
Roof:

Shingle
Foundation Details:

Slab
Stories:

1
Levels:

One
Basement:

false
Patio And Porch Features:

Front Porch
Building Area Total:

2352
Building Area Units:

Square Feet
Above Grade Finished Area:

2352
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area Units:

Square Feet

Interior

Rooms Total:

12
Flooring:

Carpet

Room Dimensions

Living Area:

2352
Living Area Units:

Square Feet

Financial & Terms

Lease Term:

12 Months

Location

Directions:

via E Nash St and NC-56 E/NC-581 S. Head northeast on S Main St toward W Nash St. Turn right at the 1st cross street onto E Nash St. Continue onto NC-56 E/NC-581 S. Turn left onto Chaney Ln. HOME is on the RIGHT.
Latitude:

36.095247
Longitude:

-78.271528
Coordinates:

-78.271528, 36.095247

The Property

Property Type:

Residential
Property Subtype:

Duplex
Property Attached:

true
Parcel Number:

2815542326
Lot Size Acres:

1.04
Lot Size Area:

1.04
Lot Size SqFt:

45302.4
Lot Size Units:

Acres
View:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

1968.1

Beds

Bedrooms Total:

6

Baths

Total Baths:

4
Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Virtual Tour URL Unbranded:

https://download-video-ak.vimeocdn.com/v3-1/playback/65036c81-76ce-4b21-a714-f09d0bd5a826/385bd8a7-f1ad7773?__token__=st=1743616701~exp=1743631101~acl=%2Fv3-1%2Fplayback%2F65036c81-76ce-4b21-a714-f09d0bd5a826%2F385bd8a7-f1ad7773%2A~hmac=2a5aa8631aab4a5301048aaef3127060a13c83d4c882e34c4b5dc47426da1293&r=dXMtZWFzdDE%3D
Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Electric
Cooling:

true

Utilities

Sewer:

Septic Tank
Water Source:

Well

Schools

Elementary School:

Franklin - Louisburg
Middle Or Junior School:

Franklin - Terrell Lane
High School:

Franklin - Louisburg

The Community

Subdivision Name:

Not in a Subdivision
Association:

false
Pool Private:

false

Parking

Garage:

true
Garage Spaces:

2
Attached Garage:

true
Open Parking:

true
Open Parking Spaces:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/31/25 Mar 31, 2025	Listed / Active	DMLS	$479,900

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This multifamily located in NC 27549 is currently for sale for $479,900. 20 Chaney Lane is a 2,352 square foot multifamily with 6 beds and 4 baths that has been on Estately for 16 days. This multifamily is in the attendance area of Edward Best Elementary School, Louisburg High School, and Terrell Lane Middle School.

Listing Courtesy of: DMLS and Keller Williams Elite Realty.

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.