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    75 Cisco Rd Asheville, NC 28805

    Sponsored
    For Sale
    $615,000

    MULTI_FAMILY - Asheville, NC

    Lot size:
    0.42 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 19 at 11:06 pm

    Property Features for 75 Cisco Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RS4
    Rooms
    Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Laundry Room, Bedroom 3
    Bedrooms
    4
    APN
    965960268100000
    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
    Lot size
    0.42 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Propane (Heating), Heat Pump (Heating), Central
    Cooling system
    Ceiling Fan(s), Heat Pump, Electric, 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

    We can help!

    Listing Contact
    Alexandra Schrank
    Alexandra Schrank

    Select Real Estate Group,Inc (704) 405-2233 [email protected]

    Listing agent Alexandra Schrank (828) 782-1957

    Listing date Jan 18, 2026

    MLS# 4277193 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.

    Learn more

    Property Insight Report

    Overview

    Asheville Multifamily with Rental Income

    Located in the Haw Creek area of Asheville, this property features two one-level homes situated on a corner lot at the end of a quiet street. The detached guest cottage is permitted as a short-term rental within Asheville city limits. The main home is filled with natural light and includes two ensuite bedrooms, each with private full baths. One suite features a screened porch with a private entrance. The property includes a detached garage suitable for storage or a workshop. The 0.42-acre lot includes blueberries, strawberries, grapes, figs, seasonal flowers, and established plantings. The property is located approximately 7 minutes from downtown Asheville and close to the Blue Ridge Parkway. A home warranty is included through 2028. The zoning is RS4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.511601
    Latitude
    35.596879

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    FAQs

    What type of property is this?
    Short term rental property - Two homes on a corner lot with short-term rental potential.
    Where is this short term rental property located?
    The property is located at 75 Cisco Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: - Two homes on one lot: Main house plus a fully permitted, highly-rated short-term rental cottage providing income potential.; - Prime Location: Situated at the end of a quiet, no-thru street in Haw Creek, only 7 minutes from downtown Asheville.; - Nature and Serenity: Property features established plantings and frequent wildlife sightings.
    (828) 782-1957
    Request Owner's contact information
    75 Cisco Rd Asheville, NC 28805
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    Asheville, NC 28805
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    75 Cisco Rd Asheville, NC 28805
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    We can help!
    Listing Contact
    Alexandra Schrank
    Alexandra Schrank
    (828) 782-1957
    Learn more
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