Home and Office Income
146 and 148 Monteith Road Brevard, NC 28712
146 and 148 Monteith Road, Brevard, NC, 28712
$499,000
For Sale
$499,000
MULTI_FAMILY - Brevard, NC
Property Size1,794 SF
Lot Size5.34 Acres
Price / SF$278.15
Days on Market164
Property Features for 146 and 148 Monteith Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bathroom 2, Basement, Bedroom 3, Laundry Room, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4
- Parking features
- Driveway, Carport
- Patio and Porch features
- Porch
- Pets allowed
- Yes
- Interior features
- Split Bedroom, Walk-In Closet(s)
- Basement
- Unfinished
- Appliances
- Dryer, Washer, Washer/Dryer
- Standard status
- Active
- APN
- 8564-95-3626-000
- Lot size
- 5.34 Acres
Taxes and HOA fees
- Tax Description
- OFF HWY 64 W
Utilities
- Heating system
- Wall Furnace, Ductless (Heating)
- Water source
- Well
Building Details
- Year built
- 1963
- Number of units
- 2
- Building materials
- Block, Metal
Listing Agency
Tinsley's Land and Home Inc.
(828) 553-5146
43 South Broad Street Suite 204, Brevard, NC
Listed by
John Tinsley · License #276290
(828) 553-5146
Added: Feb 5 Checked: Jul 19 at 8:06 am
MLS# 4343825
Listing URL
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.34-acre property for sale at 146 and 148 Monteith Road includes two primary improvements: a 980 SF home and an 814 SF office building. The acreage is described as open and usable, offering space for an on-site living or operating setup while retaining flexibility for future land-use planning. The office building is noted to have a tenant who may be interested in staying, which could support continuity for an incoming owner.
The property is located off Highway 64, approximately 4.5 miles from Brevard, in Transylvania County. The setting is characterized in the remarks as peaceful yet close to town amenities, with direct access to the immediate area via Highway 64.
For buyers looking for a small, mixed residential and office setup, this configuration provides multiple income and use options within one property. The combination of existing structures and open acreage may be well suited to an owner-operator or investor who wants to balance immediate utility from the home and office with room to evaluate future uses on the land.
The property is located off Highway 64, approximately 4.5 miles from Brevard, in Transylvania County. The setting is characterized in the remarks as peaceful yet close to town amenities, with direct access to the immediate area via Highway 64.
For buyers looking for a small, mixed residential and office setup, this configuration provides multiple income and use options within one property. The combination of existing structures and open acreage may be well suited to an owner-operator or investor who wants to balance immediate utility from the home and office with room to evaluate future uses on the land.
Key Highlights
- 5.34‑acre property located off Highway 64, about 4.5 miles from Brevard
- 980 SF home plus an 814 SF office building on the same property
- Office building has a tenant potentially interested in staying
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.1k | $24.00 |
| − Vacancy | −$6.1k | −$3.38 |
| EGI | $37.0k | $20.62 |
| − OpEx | −$9.2k | −$5.15 |
| NOI | $27.7k | $15.46 |
1,794 SF · lease $24.00/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$396.3K
$346.7K – $462.3K
NOI $27,739 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$214.4K
$187.6K – $250.1K
NOI $15,008 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$528.4K
$462.3K – $616.4K
NOI $36,985 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 5.34-acre property includes a 980 SF home and an 814 SF office building near Brevard.
Where is this single family property located?
The property is located at 146 and 148 Monteith Road Brevard, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5.34‑acre property located off Highway 64, about 4.5 miles from Brevard; 980 SF home plus an 814 SF office building on the same property; Office building has a tenant potentially interested in staying
