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    565 Neely Rd Brevard, NC 28712

    For Sale
    $549,900

    MULTI_FAMILY - Brevard, NC

    Lot size:
    0.89 Acres
    Days on Market:
    88
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 565 Neely Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    5
    APN
    8586-92-5993
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Pets allowed
    Yes
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Electric Oven, Electric Water Heater, Oven, Refrigerator, Tankless Water Heater
    Lot size
    0.89 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Natural Gas, Ductless (Heating), Floor Furnace
    Cooling system
    Window Unit(s), Heat Pump, Ceiling Fan(s)

    Building Details

    Year built
    1946
    Number of units
    3
    Flooring type
    Carpet, Vinyl, Linoleum, Laminate, Wood
    Building materials
    Brick Partial, Shingle/Shake
    Roof type
    Shingle, Metal

    Simpson Properties of NC (828) 384-4780 [email protected]

    Listing agent Deborah Simpson (828) 384-4780

    Listing date Sep 18, 2025

    MLS# 3937381 Listing URL

    Copyright © 2025 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.

    Overview

    Brevard Multifamily Property with Income Potential

    This property in Brevard, North Carolina, features a 3-bedroom home and two additional apartments situated on a 0.89-acre city lot. The property is located directly across from College Walk, offering investment potential. The main home includes character and updates. The two apartments are currently occupied by month-to-month tenants, providing immediate income potential. There are unfinished storage areas below the apartments, totaling 883 square feet. The oversized city lot presents potential for additional structures, subject to City approval. The heated living area is based on the home and one apartment. Note that the property is a non-conforming, pre-existing use since the zoning is residential (not multi-family). Any changes, permitting, or redevelopment plans should be discussed with the City of Brevard. Apartment #1 has a ceiling height of 6'96'10" (346 sq. ft. not included in HLA), and 175 sq. ft. of Apartment #2 is not included in the HLA. The property has a new roof and fresh exterior paint. It is suited for investors, multi-generational living, or those seeking rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brevard
    County
    Transylvania
    State
    North Carolina
    Longitude
    -82.718981
    Latitude
    35.238424

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    FAQs

    What type of property is this?
    Apartment building - Unique property with a home and two apartments on .89 acres.
    Where is this apartment building located?
    The property is located at 565 Neely Rd Brevard, NC.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Three-bedroom home plus two apartments on a large .89-acre city lot.; - Income potential from two apartments with month-to-month tenants.; - New roof and fresh exterior paint.
    (828) 384-4780
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    565 Neely Rd Brevard, NC 28712
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