Six-Unit Multifamily Property Near
New
For Sale
$1,200,000
18 Searcy Mountain Road, Cullowhee, NC 28723
Commercial Sale, Cullowhee, NC
Property Size4,480 SF
Lot Size1.33 Acres
Price / SF$267.86
Days on Market3
Property Features for 18 Searcy Mountain Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1
Parking features
Parking Lot
Vegetation
Partially Wooded
Lot features
Open Lot
Directions
Turn onto Old Cullowhee Rd from Hwy 107. Turn Right on Monteith Gap Rd. Take Right onto Ledbetter Rd. Take the first right after University Heights Rd onto Searcy Mountain Rd. Continue up Searcy Mountain Rd until 4 buildings on your right. 18, 50, 72, & 92 Searcy Mountain Rd Cullowhee, NC 28723.
Subdivision
Cullowhee
Standard status
Active
APN
7559483750
Size
4,480 SF
Lot size
1.33 Acres
Taxes and HOA fees
Tax Annual Amount
2400
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump, Electric
Water source
Well
Building Details
Year built
1963
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Brick, Wood Siding
Roof type
Composition, Shingle
Listing Agency:
Pinkerton & Co. Realty Group
(828) 634-1368
Listed By:
Mitchell Wike
(828) 508-1223
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 23 at 2:06AM
MLS# 26048550
Copyright © 2026 Carolina Smokies Association of Realtors. 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 multifamily property contains 6 rental units across 4 buildings on 1.33 acres. The layout includes 2 standalone residences and 2 duplex buildings, with each unit offering 2 bedrooms, 1 bathroom, central HVAC, and a washer/dryer combination. The buildings provide 4,480 square feet of residential space, with brick and wood siding, carpet and vinyl flooring, and shingle or composition roofs.
The property is approximately 1.2 miles from Western Carolina University, with an estimated drive time of about 4 minutes. All 6 units have remained occupied for more than 7 consecutive years. A private well and septic tank serve the property, and the source information identifies no restrictions. HVAC systems were recently installed in both standalone buildings and one duplex, while 3 of the 4 roofs were installed within the last 5 years.
The property is approximately 1.2 miles from Western Carolina University, with an estimated drive time of about 4 minutes. All 6 units have remained occupied for more than 7 consecutive years. A private well and septic tank serve the property, and the source information identifies no restrictions. HVAC systems were recently installed in both standalone buildings and one duplex, while 3 of the 4 roofs were installed within the last 5 years.
Key Highlights
- 6 rental units across 4 buildings on 1.33 acres
- Each unit includes 2 bedrooms, 1 bathroom, central HVAC, and a washer/dryer combination
- 4,480 square feet of multifamily space
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 28723, NC
12,297
Population
5,600
Households
2.2
Avg Household Size
25
Median Age
32%
College-Educated
92%
High-School Grad
112.0 sq mi
ZIP Area
110
Density / Sq Mi
$43,539
Median Household Income
$10,908
Median Earnings
$842
Median Rent
$308,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four-building rental property with fully occupied units, private well, septic service, and convenient access to Western Carolina University.
Where is this multifamily property located?
The property is located at 18 Searcy Mountain Road Cullowhee, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6 rental units across 4 buildings on 1.33 acres; Each unit includes 2 bedrooms, 1 bathroom, central HVAC, and a washer/dryer combination; 4,480 square feet of multifamily space
