Two-House Residential Income
For Sale
$598,500
75 Cisco Road, Asheville, NC 28805
MULTI_FAMILY - Asheville, NC
Property Size1,604 SF
Lot Size0.42 Acres
Price / SF$373.13
Days on Market389
Property Features for 75 Cisco Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS4
Zoning description
RS4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Laundry Room, Bathroom 2
Parking features
Garage - Detached, Garage, Driveway
Patio and Porch features
Porch, Deck
Pets allowed
Yes
Interior features
Garden Tub, Split Bedroom, Storage
Fencing
Privacy
Fireplace
1
Appliances
Dryer, Gas Range, Gas Water Heater, Refrigerator, Washer, Washer/Dryer
Subdivision
Haw Creek
Lot features
Corner Lot, Orchard(s), Level, Private
Elementary school
Haw Creek
Middle school
AC Reynolds
High school
AC Reynolds
Directions
GPS
Standard status
Active
APN
965960268100000
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
Deed: 4885-0287
Legal Description
Deed: 4885-0287
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Propane (Heating), Central
Cooling system
Heat Pump, Electric, Ceiling Fan(s), Central Air
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Wood
Building materials
Wood
Roof type
Metal
Additional Structures
Storage
Listing Agency:
RE/MAX Executive · RE/MAX International
(828) 670-1500
Listed By:
Alexandra Schrank
(828) 782-1957
Added: Jul 8, 2025
Changed: Jul 28
Last Checked: Jul 31 at 9:06PM
MLS# 4277193
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 residential income property consists of two separate houses on one lot: a main home and a guest cottage. The main home offers three bedrooms and three full bathrooms and approximately 1,200 square feet, with wood floors throughout and lots of natural light. Interior features include a woodstove and a screened-in porch, and the primary bath includes a jacuzzi tub. Two bedrooms include ensuite bathrooms, while the third bedroom can serve as a home office, guest room, or children’s bedroom. The detached guest cottage includes one bedroom and one bathroom with wood floors and is currently operated as a short-term rental.
The property sits on a level, nearly one-half acre lot in a quiet neighborhood. Mature landscaping creates a park-like setting with abundant wildlife, including blueberries, strawberries, and figs. A detached garage is also on site and offers workshop potential. The listing notes the location is less than 10 minutes to downtown Asheville and within close proximity to the Blue Ridge Parkway and nearby hiking trails, with a library within walking distance.
For tenants, buyers, or operators seeking flexibility, the two-house layout supports multiple living arrangements while keeping both dwellings on the same parcel. The cottage’s existing short-term rental operation may appeal to users looking to continue that setup, while the main home’s layout can accommodate household space needs and work-from-home use.
The property sits on a level, nearly one-half acre lot in a quiet neighborhood. Mature landscaping creates a park-like setting with abundant wildlife, including blueberries, strawberries, and figs. A detached garage is also on site and offers workshop potential. The listing notes the location is less than 10 minutes to downtown Asheville and within close proximity to the Blue Ridge Parkway and nearby hiking trails, with a library within walking distance.
For tenants, buyers, or operators seeking flexibility, the two-house layout supports multiple living arrangements while keeping both dwellings on the same parcel. The cottage’s existing short-term rental operation may appeal to users looking to continue that setup, while the main home’s layout can accommodate household space needs and work-from-home use.
Key Highlights
- Two houses on one lot: main home 3 bed/3 bath with 1200 SF plus a 1 bed/1 bath guest cottage (~404 SF).
- Guest cottage is operating as a short‑term rental and includes 1 bedroom and 1 bathroom.
- Main home features include a woodstove, screened‑in porch, and jacuzzi tub; 2 bedrooms have ensuite bathrooms.
Financial Insights For Multifamily LT 5
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 | $29.3k | $18.24 |
| − Vacancy | −$3.5k | −$2.18 |
| EGI | $25.8k | $16.06 |
| − OpEx | −$7.7k | −$4.82 |
| NOI | $18.0k | $11.24 |
1,604 SF · lease $18.24/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.5K
$225.4K – $300.5K
NOI $18,028 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$223.4K
$195.5K – $260.6K
NOI $15,637 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$507.2K
$443.8K – $591.7K
NOI $35,504 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 28805, NC
18,554
Population
10,737
Households
1.7
Avg Household Size
48
Median Age
49%
College-Educated
96%
High-School Grad
26.5 sq mi
ZIP Area
700
Density / Sq Mi
$67,104
Median Household Income
$35,897
Median Earnings
$1,198
Median Rent
$360,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two houses on one level lot provide flexible living or income with an on-site short-term rental cottage.
Where is this duplex located?
The property is located at 75 Cisco Road Asheville, NC.
What is the asking price?
The asking price for this property is $598,500.
What are key features of this property?
This property features: Two houses on one lot: main home 3 bed/3 bath with 1200 SF plus a 1 bed/1 bath guest cottage (~404 SF).; Guest cottage is operating as a short‑term rental and includes 1 bedroom and 1 bathroom.; Main home features include a woodstove, screened‑in porch, and jacuzzi tub; 2 bedrooms have ensuite bathrooms.
