
240 Jay StreetChapel Hill, NC 27516
Listed by NextHome Turn Key RealtyA residential UNC student income property that has not had a vacancy in 18 years. It was converted from a duplex to a single-family home in 2007 with a total rehab: new plumbing, electrical, baths, windows, and kitchen. The lease beginning 8/2026 is for $70,800 ($5,900/month). Rent for all of 2026 will be $66,600 - a solid and safe investment. Two other similar properties (not listed) one block away can be purchased as a 3-house package.
Property boundary from county GIS
Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 11, 2026 | Price Reduced | $995,000 → $940,000 | ▾ $55,000 (5.5%) |
* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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