Chapel Hill Student Rentals 4 Properties Offered at $4,000,000 in Chapel Hill, NC

Brokers welcome! None of the properties have had a single vacancy in over 16 years, so the rents have obviously been below market. One duplex and 3 single family houses. Two of the houses are on one lot. All 4 properties are walking distance to UNC and Franklin Street. Each of the houses was extensively remodeled in 2008 and 2010. One has a professional basketball hoop and concrete court that has been a great draw for UNC students. All properties have been in such demand that they all rent by October, almost a year in advance of August move in. Gross rents for 2026 are $287,861. This is a safe and very lucrative investment portfolio. The properties are available separately as well. UNC has been notoriously short of student housing and recently announced they will add another 5,000 students over the next 10 years which will further increase demand.
In a Jan. 21 Board of Trustees committee meeting, Chancellor Lee Roberts gave three key reasons: Growth across the state (particularly the Triangle), a local housing shortage and continued demand for STEM enrollment.
WUNC News: "According to recent census data, North Carolina is ranked third nationally for population increase rates at 1.3%. Last year, the university accepted its largest first-year class in school history, and more high school students show interest in attending Chapel Hill, with the university reporting a 45% increase in first-year applications over the past five years.
"Rising admissions numbers have already strained housing resources at both the university and in Chapel Hill, and administrators have introduced a plan to increase undergraduate enrollment by 5,000 students over the next 10 years.
"Roberts said the project will help to meet these increased demands and develop the facilities needed for the top majors. As of 2026, Roberts reported those are Business Administration, Biology, Media and Journalism, Computer Science, and Exercise and Sport Science.
"Those programs all require not just modern facilities, but facilities that need to be updated and refreshed and improved as tech advances, and we need more capacity for those programs as they become increasingly popular," he said.