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    7741 Brevard Rd Etowah, NC 28729

    Sponsored
    For Sale
    $735,000

    MULTI_FAMILY - Etowah, NC

    Lot size:
    0.85 Acres
    Days on Market:
    114
    Last Refresh:
    Jan 20 at 9:06 pm

    Property Features for 7741 Brevard Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Window Treatments
    Zoning
    R2R
    Rooms
    Bedroom 2, Bathroom 3, Bedroom 1, Basement, Laundry Room, Bathroom 1, Bathroom 2
    Bedrooms
    2
    APN
    1016020
    Parking features
    Driveway, Underground/Basement, Garage - Attached
    Patio and Porch features
    Patio
    Pets allowed
    Dogs OK, Cats OK
    Interior features
    Entrance Foyer, Kitchen Island
    Fireplace
    1
    Basement
    Walk-Out Access, Daylight, Storage Space
    Appliances
    Convection Microwave, Dishwasher, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Oven, Washer/Dryer
    Lot size
    0.85 Acres

    Utilities

    Utilities
    Propane
    Heating system
    Central, Heat Pump (Heating), Electric (Heating), Forced Air
    Cooling system
    Ceiling Fan(s), Ductless, Central Air, Electric
    Water source
    Well

    Building Details

    Year built
    1953
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Wood, Laminate
    Building materials
    Hardboard Siding, Stone, Wood
    Roof type
    Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Dallas Ducote
    Dallas Ducote

    Carolina Cottages (828) 692-7939 [email protected]

    Listing agent Dallas Ducote (828) 243-8132

    Listing date Sep 29, 2025

    MLS# 4307479 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.

    Learn more

    Property Insight Report

    Overview

    Etowah Multifamily Property with Cottage

    This property, originally a farmhouse, includes a main house with 2 bedrooms, 2 full bathrooms, and a large kitchen featuring two fireplaces. A barn door separates the kitchen and dining room. The main house also offers a study with built-in bookshelves and a sun porch. Outdoors, a wrap-around stamped concrete terrace is supported by 21 stone columns. Additional features include a 2-car garage and a basement. A separate one-story cottage includes a living and dining area, a full kitchen with bar seating, and a bathroom with a stacked washer and dryer. Behind the cottage, a detached studio, previously used as a pottery space, features concrete floors, a deep sink, a tongue-and-groove aspen ceiling, and wood-paneled walls. An open carport provides additional storage. The property is located 3 minutes from Etowah, 12 minutes from Brevard or DuPont State Forest, 15 minutes from Asheville Regional Airport, and 18 minutes from downtown Hendersonville. The Ecusta Trail is 115 feet from the driveway, offering access to walking and biking trails. Situated on a 0.85-acre lot, the property has R2R zoning and offers flexibility for full-time living, short-term rentals, or a seasonal retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    Henderson
    State
    North Carolina
    Longitude
    -82.61554466
    Latitude
    35.30997405

    Nearby Similar for Sale

    • $695,000
      5,833 SF

      Etowah Office Building For Sale

      Single-tenant office building in downtown Etowah with ample parking.
      6540 Brevard Rd, Etowah, NC 28729
      View Details
    • $895,000
      4,350 SF

      Turnkey Restaurant in Etowah

      Well-established restaurant with high visibility and rental income potential.
      6500 Brevard Rd, Etowah, NC 28729
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    FAQs

    What type of property is this?
    Single family property - Multifamily property with main house, cottage, studio, and versatile potential.
    Where is this single family property located?
    The property is located at 7741 Brevard Rd Etowah, NC.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: - Unrestricted property perfect for full-time living, short-term rentals, or a seasonal retreat.; - Prime location minutes from Etowah, Brevard, DuPont State Forest, Asheville Regional Airport, and Hendersonville, with immediate access to the Ecusta Trail.; - Includes a separate cottage with full kitchen, bathroom, laundry and detached studio offering additional living space and flexible studio space.
    (828) 243-8132
    Request Owner's contact information
    7741 Brevard Rd Etowah, NC 28729
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    Etowah, NC 28729
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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
    7741 Brevard Rd Etowah, NC 28729
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    We can help!
    Listing Contact
    Dallas Ducote
    Dallas Ducote
    Real Estate License ID: 299370
    (828) 243-8132
    Learn more
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