$1,229,000
↑ $900K (273%)
●
House -
For Sale
135 Gary Road
Carrboro, NC 27510
4 Beds
3 Baths,
1
Half Bath
3,242 Ft²
$6,152
Est. Monthly
2.53%
Cap Rate
About This Property
RARE presale opportunity in the heart of Carrboro! Walking distance
to shopping, dining and UNC Main Campus. Large private
home site. Bright and airy open floor plan with 1st fl primary BR. Spacious living room, gourmet kit., dining room. Scullery, wine bar,
office and laundry room complete the main living area! The 2nd floor offers a perfect retreat with 3 additional BRs and private loft
area. Home is nestled on a large home site with. 032 ac something almost unheard of in central Carrboro. ***Home is not yet built.
Home can be completed (8-9 months construction). All building permits, zoning and town of Carrboro requirements have been
approved. Construction to begin any time. Photos are 3D architectural renderings.
Property also listed as Land MLS # 10141277.
home site. Bright and airy open floor plan with 1st fl primary BR. Spacious living room, gourmet kit., dining room. Scullery, wine bar,
office and laundry room complete the main living area! The 2nd floor offers a perfect retreat with 3 additional BRs and private loft
area. Home is nestled on a large home site with. 032 ac something almost unheard of in central Carrboro. ***Home is not yet built.
Home can be completed (8-9 months construction). All building permits, zoning and town of Carrboro requirements have been
approved. Construction to begin any time. Photos are 3D architectural renderings.
Property also listed as Land MLS # 10141277.
Unit Size
3,242 Ft²
Days on Market
491 days
Land Size
0.32 acres
Price per sqft
$379
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
-
Listed By
Serina Harris
NorthGroup Real Estate, Inc.
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (TMLS #10104439)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 4, 2026 | Price Increased |
$1,229,000
↑ $900K
(273%) | |
| Price Increased | |||
| Jul 3, 2026 | Price Decreased |
$329,500
↓ $901K
(73.2%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Increased |
$1,230,000
↑ $900K
(272.7%) | |
| Price Increased | |||
| Mar 17, 2026 | Price Decreased |
$330,000
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Jan 13, 2026 | Listed by NorthGroup Real Estate, Inc. | $350,000 | |
| Listed by NorthGroup Real Estate, Inc. | |||
  | |||
|
Build your Dream Home in the heart of Carrboro! Walking distance to shopping, dining and UNC Chapel Hill Main Campus. Large private home site. All building permits, zoning and town of Carrboro requirements have been approved.
Great opportunity to bring your own Builder or a Great Spec Home for Builders!
Property also listed as Residential for a Custom Built Home by Jayco Construction -MLS # 10104439
| |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bar, Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Storage, Butler's Pantry, Second Primary Bedroom, Separate Shower, Smooth Ceilings, Walk-In Shower
Appliances: Bar Fridge, Built-In Electric Oven, Convection Oven, Gas Range, Ice Maker, Microwave, Range Hood, Self Cleaning Oven, Tankless Water Heater, Wine Cooler
Flooring Type: Hardwood, Simulated Wood
Door Features: ENERGY STAR Qualified Doors, Sliding Doors
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Sink
Rooms: 10
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Exterior Details
Square Footage: 3242
Architectural Style: Craftsman, Bungalow, Farmhouse, Transitional
Year Built: 2026
Building Name: JAYCO Constrution Co.
Building Area Total: 3242
Levels: One and One Half
Construction Materials: Brick, Fiber Cement
Lot Features: Back Yard, Cleared, Few Trees, Front Yard, Landscaped, Level, Private
Lot Size Area: 0.32
Lot Size Units: Acres
Lot Size Acres: 0.32
Lot Size Square Feet: 13830
Lot Size Dimensions: see plan
Water Source: Public
Financial Details
Tax Annual Amount: $1,400
Utilities Details
Cooling Type: Central Air, Dual, Electric, Heat Pump, Zoned
Heating Type: Central, ENERGY STAR Qualified Equipment
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sparrow
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Listed by: Serina Harris, NorthGroup Real Estate, Inc.
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10104439
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10104439
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