6
Map
$399,900
●
Land -
For Sale
4515 Chicopee Trail
Durham, NC 27707
Studio
0 Bath
$2,155
Est. Monthly
About This Property
For the first time since 1973, this exceptionally rare and highly
desirable 0.85-acre parcel is available for under $400,000. Backing
to protected U.S. Army Corps of Engineers land stretching from Old
Chapel Hill Road to Highway 54, this one-of-a-kind lot offers
remarkable privacy in a serene, wooded setting. Bring your builder
and imagine the possibilities of creating a custom home surrounded
by natural beauty and seclusion on Chicopee Trail. Opportunities
like this are seldom available. Ideally located near Duke
University, UNC, Hope Valley, Wegmans, Shannon Plaza, and
convenient access to I-40. Please see from the City with regard to
the property. Informaton is attached: Your final buffer
determination is attached. The features F1 or F2 do not require a
buffer according to the Town of Durham Riparian Buffer rules. These
features have been identified as ephemeral according to the town.
Attached is the Town's final determination and our maps we used in
our report.
Unit Size
-
Days on Market
265 days
Land Size
0.85 acres
Price per sqft
-
Property Type
Land
Property Taxes
$191
HOA Dues
-
Year Built
-
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: 3 months ago (TMLS #10144124)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2026 | Listed by Urban Durham Realty | $399,900 | |
| Listed by Urban Durham Realty | |||
| Sep 2, 2025 | Listed | $450,000 | |
| Listed | |||
| | |||
|
For the first time since 1973, this exceptionally rare and highly desirable .85-acre parcel is available. Backing onto Army Corps of Engineers property that stretches south of Old Chapel Hill Road and north of Highway 54, this one-of-a-kind lot offers unmatched privacy in a peaceful, wooded setting. Bring your builder and envision the possibilities of creating a custom home surrounded by natural beauty and seclusion on Chicopee Trail. Opportunities like this are seldom available—come take a look, because you will not be disappointed.
| |||
Property Highlights
Exterior Details
Lot Features: Cul-De-Sac, Sloped Down, Wooded, Hardwood Trees
Lot Size Area: 0.85
Lot Size Units: Acres
Lot Size Acres: 0.85
Lot Size Square Feet: 37026
Lot Size Dimensions: 95'x226'x232'x294'
Water Source: Public
Financial Details
Tax Assessed Value: $231,250
Tax Annual Amount: $2,292
Utilities Details
Sewer : Unknown
Location Details
HOA/Condo/Coop Amenities: None
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 Chicopee Trail
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Listed by: Mary R Hunter, Urban Durham Realty
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10144124
Last Updated: 3 months ago
Data Source: TMLS, MLS# 10144124
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