INNOVATE Real Estate
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99 photos

$6,500,000

213-223 Mccauley Street, Chapel Hill, NC 27516
Chapel Hill, NC 27516
Listed by Thomas P Grasty · Grasty Realty
Bedrooms
7
Bathrooms
3
Living area
N/A
Year built
1934

About this home

Nestled in the heart of the Cameron-McCauley Historic District--one of Chapel Hill's most treasured and architecturally significant neighborhoods--this extraordinary +1.24-acre assemblage offers a rare opportunity just steps from the University of North Carolina campus and UNC Hospitals. From this premier location, enjoy effortless walkability to downtown Chapel Hill's shops, restaurants, cultural venues, and university amenities. The offering includes four contiguous parcels improved with five classic Chapel Hill residences, several dating to the turn of the 20th century. Rich in character and historic charm, the homes together offer 26 income-producing rooms, 22 full baths, and 4 half baths, along with 30 parking spaces, a detached garage, and a beautifully sized .19-acre courtyard that creates a private oasis in the center of town. All five structures are contributing properties within the Cameron-McCauley Historic District overlay, reflecting the architectural heritage and enduring appeal that make this neighborhood so special. Whether envisioned as a long-term investment, a multi-generational compound, or a signature Chapel Hill holding, this is a truly uncommon opportunity to own a significant footprint in one of the town's most desirable locations.

Highlights

Fireplace

Property details

MLS #
10150568
Property type
Single Family Residence
Subdivision
Historic District
Status
Active
Days on market
218
On market date
March 5, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
30
Lot size
1.2416 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
FPG Elementary
1.04 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
530
Student:teacher ratio
14.3:1
District
Chapel Hill-Carrboro City Schools
Middle
Smith Middle
2.71 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
716
Student:teacher ratio
13.8:1
District
Chapel Hill-Carrboro City Schools
High
East Chapel Hill High
4 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
1,475
Student:teacher ratio
16.4:1
District
Chapel Hill-Carrboro City Schools

Walkability

Blended score for Chapel Hill's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores6
Parks15
Schools18
Transit stops20
Pharmacies16

Market position

How this listing compares to current activity in Chapel Hill, from live MLS data.

On the market 218 days -- 92 more days than Chapel Hill's current average of 126 days.
For reference, the median list price across 634 active listings in Chapel Hill right now is $532,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$39,294/mo
$1,300,000 down
$5,200,000 loan
Principal & interest$33,727
Property tax (est.)$5,417
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated August 26, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.