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353 Tenney Circle
About This Property
Recent improvements include: A down-to-studs renovation of the kitchen, living room, and dining area with all new island, prep sink, appliances, refinished hardwood floors, a newly vaulted ceiling, designer lighting, exterior and interior paint, HVAC replacement in 2025, and new lower-level flooring. Outdoor improvements include a large outdoor storage shed/deck designed to complement the main residence, landscape improvements for year-round enjoyment plus native, deer-resistant plantings. Towering white oaks and poplars adorn the approximately 0.9 acre lot, which lends a peaceful tree house experience. In the spring, summer, and fall, mature native foliage envelops the property, offering truly exceptional privacy for a downtown property within walking distance to campus and Franklin Street.
Rich in history, this home exists within one of the first planned neighborhoods of Chapel Hill, dating back to the early 1920s, but without any historic conservation district restrictions. 353 Tenney was built by George Barclay, UNC's first All-American football player and later UNC's head football coach. Don't miss your chance to live in this beautifully updated, move-in-ready home in the heart of Chapel Hill!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Price Decreased |
$1,295,000
↓ $55K
(4.1%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$1,350,000
↓ $95K
(6.6%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$1,445,000
↓ $105K
(6.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017