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Cullowhee, NC Apartment Buildings for Sale

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Multifamily Property Near Western Carolina
Updated: Aug 14, 2025
Multifamily Property Near Western Carolina

44 & 54 Legacy Lane, Cullowhee, NC 28723

$2,349,000
Prime location directly adjacent to Western Carolina University's campus.
High occupancy rate (100%) due to limited campus parking and demand for walkable housing.
Strong rental income and immediate cash flow for investors.
Significant long‑term development potential for commercial or residential projects.
Ideal for student housing, meeting the rising demand for premium living spaces.
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Cullowhee, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

6-Unit Apartment Building
6-Unit Apartment Building

351 Porter Street, Franklin, NC 28734

$615,000
5,830 sqft 0.97 AC lot

Six residential units with kitchens, bathrooms, paved parking, and two driveway connections from Porter Street.

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Six-Unit Apartment Building
Six-Unit Apartment Building

351 Porter St, Franklin, NC 28734

$615,000
5,830 sqft 1.00 AC lot

Two driveways serve paved unit parking, while all current leases are month-to-month.

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Furnished Short-Term Rental Portfolio
Furnished Short-Term Rental Portfolio

124 Roaring Fork Rd, Gatlinburg, TN 37738

$2,680,000
3,934 sqft 1.12 AC lot

Eleven furnished accommodations span a 1.12-acre Gatlinburg property with guest-oriented amenities and off-street parking.

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Dudley Creek Apartments For Sale
Dudley Creek Apartments For Sale

445-447 Dudley Creek Road, Gatlinburg, TN 37738

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5,022 sqft

Six-unit multifamily property near Gatlinburg Parkway.

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Cullowhee, NC Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Cullowhee, NC on our real estate platform.

Sale prices for apartment complexes in Cullowhee, NC average $2,349,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 11K
Population Growth (5Y) +2.2%
Median Household Income $43,539
College Educated 46.4%

High-Yield Neighborhoods for Investment

Identify Cullowhee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
28723 $1.6M

Taxes & Financing

Tax Rate (average for all types) 0.38%
Property Tax per SF $16.20 per SF
Tax Rate vs County Average 0.05 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Jackson County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale Residential Income pricing trends in Jackson County

Residential Income

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