27
Map
$390,000
●
House -
In Contract
240 Jay Street
Chapel Hill, NC 27516
3 Beds
2 Baths,
1
Half Bath
1,552 Ft²
$2,362
Est. Monthly
About This Property
Great investment property---ideal for UNC students!! Discover your
own private, mountain-like retreat in the heart of Chapel Hill!
Perfectly positioned adjacent to the Bland Creek Trail and Tanner
Branch Trail, this home offers exceptional access to nature while
providing easy walking and biking to both downtown Chapel Hill and
Carrboro. This charming 3-bedroom, 2.5-bath home features a
welcoming covered front porch, bamboo flooring throughout the main
level, and a functional floor plan with all bedrooms conveniently
located upstairs. The kitchen is equipped with granite countertops,
stainless steel appliances, and plenty of workspace for everyday
living and entertaining. Enjoy a low-maintenance yard that lets you
spend more time exploring the nearby trails, parks, restaurants,
shops, and everything this highly desirable location has to offer.
Whether you're seeking peaceful surroundings with no HOA, outdoor
adventure, or convenient access to UNC, downtown Chapel Hill, and
Carrboro, this home offers the best of all worlds.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$251
Property Type
House
Property Taxes
$446
HOA Dues
-
Year Built
2001
Listed By
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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: 2 months ago (TMLS #10183253)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$390,000
↓ $15K
(3.7%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$405,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$415,000
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by NextHome Turn Key Realty | $425,000 | |
| Listed by NextHome Turn Key Realty | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Gravel
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s)
Appliances: Refrigerator, Washer/Dryer
Flooring Type: Carpet, Hardwood
Laundry Features: Laundry Closet
Rooms: 7
Basement: Crawl Space
Exterior Details
Square Footage: 1552
Architectural Style: Traditional
Year Built: 2001
Building Area Total: 1552
Levels: Two
Construction Materials: HardiPlank Type
Patio and Porch Features: Covered, Deck
Lot Features: Sloped, Hardwood Trees
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Water Source: Public
Financial Details
Tax Assessed Value: $416,400
Tax Annual Amount: $5,356
Utilities Details
Cooling Type: Central Air
Heating Type: None
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Jay Street
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Danielle Weeks, NextHome Turn Key Realty
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10183253
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10183253
Some IDX listings have been excluded from this IDX display. 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. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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