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    9 Mountain View Rd Asheville, NC 28806

    View on Map
    Sponsored
    For Sale
    Pending
    $600,000

    MULTI_FAMILY - Asheville, NC

    Lot size:
    0.91 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 11 at 10:06 am

    Property Features for 9 Mountain View Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-3
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Laundry Room, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 5
    Bedrooms
    5
    APN
    961865053900000
    Parking features
    On Street, Driveway
    Patio and Porch features
    Porch, Deck
    Pets allowed
    Yes
    Interior features
    Breakfast Bar, Hot Tub, Kitchen Island, Sauna, Split Bedroom
    Exterior features
    Hot Tub, Outdoor Shower, Sauna
    Fencing
    Privacy, Fenced
    Fireplace
    1
    Basement
    Exterior Entry, Partial
    Appliances
    Dishwasher, Double Oven, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Oven, Refrigerator, Washer, Washer/Dryer
    Lot size
    0.91 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Wood Stove, Zoned, Wood, Heat Pump (Heating), Oil
    Cooling system
    Ceiling Fan(s), Ductless

    Building Details

    Year built
    1939
    Number of units
    4
    Flooring type
    Wood, Tile
    Building materials
    Asbestos
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jordan Lockaby

    Keller Williams Professionals (828) 254-7253

    Listing agent Jordan Lockaby (828) 484-1477

    Listing date Feb 20, 2026

    MLS# 4337302 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

    Four Residences Near Asheville

    Located in Asheville, NC, 9 Mountain View Rd features four distinct living spaces on a 0.91-acre lot. The main house is a 2-bedroom, 1.5-bath bungalow with an open layout, front porch, side deck with hot tub, a woodstove in the living room, and new 2024 mini-splits. A stylish 1-bedroom tiny home includes a kitchen and full bathroom and has been successfully rented both short term and long term. The property also includes a separate studio equipped with a kitchenette, suitable for guests, rentals, or a hobby space. Additionally, there is a 2-bedroom, 1-bath apartment above a fully finished workshop. The property is surrounded by fully fenced land with lush perennial gardens, a wood-fired barrel sauna, an outdoor shower, a cold plunge, and a hot tub. The property's zoning is R-3. It is located 10 minutes from West Asheville's shops and dining on Haywood Road, and equally close to Downtown Asheville's culture and amenities. The property is suitable for income potential through short or long-term rentals, multi-generational living, or a private homestead with space for hobbies and gardening.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HummingBlooms Flower Farm Food Processing Plant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.646331
    Latitude
    35.579091

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    FAQs

    What type of property is this?
    Multifamily property - Four unique living spaces on nearly an acre of land.
    Where is this multifamily property located?
    The property is located at 9 Mountain View Rd Asheville, NC.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Four separate living spaces: Main house, tiny home, studio, and apartment above workshop.; - Income potential: Tiny home and apartment have established rental history.; - Outdoor amenities: Enjoy the wood-fired barrel sauna, outdoor shower, cold plunge, and hot tub.
    (828) 484-1477
    Request Owner's contact information
    9 Mountain View Rd Asheville, NC 28806
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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
    9 Mountain View Rd Asheville, NC 28806
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    Listing Contact
    Jordan Lockaby
    (828) 484-1477
    Learn more
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