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501 North Street

Chapel Hill, NC 27514

8 beds
4 baths
3,649 sqft
~1/2 acre lot
$506 per sqft
1937 build
– on site

Rarely on market! Supreme location - just 2 blocks from Franklin Street and UNC campus. Situated on a lovely 1/2 acre lot on North Street, surrounded by beautiful mature trees, this Colonial Revival style home is named as a contributing structure to the Franklin-Rosemary Historic District's inclusion on the prestigious National Register of Historic Places. This gorgeously renovated home has 5 bedrooms and 2 baths. The accessory apartment has 3 bedrooms and 2 baths for a total of 3700 square feet. The main house is spacious, with light filled rooms, large windows, high ceilings and gorgeous original hardwood floors. There is an abundance of traditional architectural details throughout. It features 2 patios, a deck and a balcony. The accessory apartment was added in 2013, has its own private entrance and features similar fixtures and finishes as the main house. Both have been meticulously maintained with new HVAC systems, newly insulated attic and a newly sealed crawlspace. They both have stainless steel appliances and energy efficient washers and dryers. 501 North Street has been an outstanding rental property for years. Market rates for bedrooms in this neighborhood exceed $1000/month per bed, and continue to be in incredibly high demand. For more information on its rental performance, please refer to the Offering Memorandum. Amazing opportunity that doesn't come around often. Keep it as a gold plate investment property or make it your home in the most desirable neighborhood in Chapel Hill.

Listing courtesy of DMLS / Carolina's Choice Real Estate

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 10084834 —

The Building

Year Built:

1937
New Construction:

false
Construction Materials:

Brick Veneer
Architectural Style:

Colonial
Roof:

Shingle
Foundation Details:

Permanent
Stories:

2
Levels:

Three Or More
Basement:

true
Basement:

Finished
Building Area Total:

3649
Building Area Units:

Square Feet
Above Grade Finished Area:

2373
Above Grade Finished Area Units:

Square Feet
Below Grade Finished Area:

1276
Below Grade Finished Area Units:

Square Feet

Interior

Rooms Total:

1
Interior Features:

Built-in Features
Flooring:

Hardwood
Fireplace:

true
Fireplaces Total:

3
Fireplace Features:

Bedroom

Room Dimensions

Living Area:

3649
Living Area Units:

Square Feet
Living Area Source:

Appraiser

Location

Directions:

Between Hillsborough and Boundary on the north side of the street
Latitude:

35.918485
Longitude:

-79.049513
Coordinates:

-79.049513, 35.918485

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Parcel Number:

9788592174
Lot Size Acres:

0.56
Lot Size Area:

24393.6
Lot Size SqFt:

24393.6
Lot Size Units:

Square Feet
View:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

11853

Beds

Bedrooms Total:

8

Baths

Total Baths:

4
Total Baths:

4
Total Baths:

4
Full Baths:

4

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

CH/Carrboro - Northside
Middle Or Junior School:

CH/Carrboro - Guy Phillips
High School:

CH/Carrboro - East Chapel Hill

The Community

Subdivision Name:

Not in a Subdivision
Association:

false
Pool Private:

false

Parking

Garage:

false
Open Parking:

true
Open Parking Spaces:

4

Monthly cost estimate

Asking price

$1,850,000

Expense	Monthly cost
Mortgage	$9,906
Taxes	$987
Insurance	$508
Utilities	$242 See report
Total	$11,643/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
3/26/25 Mar 26, 2025	Listed / Active	DMLS	$1,850,000

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This house located in Franklin-Rosemary, Chapel Hill, NC 27514 is currently for sale for $1,850,000. 501 North Street is a 3,649 square foot house with 8 beds and 4 baths that has been on Estately for 4 days. 501 North Street is in the Franklin-Rosemary neighborhood of Chapel Hill and has a WalkScore® of 41, making it car-dependent. This house is in the attendance area of East Chapel Hill High School, Northside Elementary School, and Phillips Middle School.

Listing Courtesy of: DMLS and Carolina's Choice Real Estate.

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.