Solar-Powered
New
For Sale
$995,000
107 Courtland Avenue, Asheville, NC 28801
Three separate residences combine updated interiors, private outdoor areas, and solar power in a property zoned RS8.
Property Size2,849 SF
Price / SF$349.25
Days on Market2
Property Features for 107 Courtland Avenue
General Information
Standard status
Active
Size
2,849 SF
Property subtype
Residential Income
Zoning
RS8
Amenities
Apartment
Wood
Yes
No
4
In Unit,Laundry Closet,Lower Level,Main Level,Upper Level
Wood Burning
2849
City
0.16
Each unit has two dedicated off-street parking spaces plus additional street parking.
Assigned,On Street
Dirt,Gravel,Paved
Basement
Publicly Maintained Road
Building Details
Building Size
2,849 SF
Year Built
1927
Listing Agency:
(336) 815-4940
Listed By:
Amber Johnson
Source:
Makethemoverealty
Added: Nov 3
Last Checked: Nov 4 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amber Johnson
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Investment Insights
Based on property information with market context.
This 1927 triplex contains three distinct residences: a main-level home with 2 bedrooms, a flex room, and 2 full bathrooms; a one-bedroom unit with a walk-in closet; and a studio. The two lower apartments have private entrances, balconies, and laundry hookups. Updates include renovated kitchens in both lower units in 2015, a kitchen renovation and refinished wood flooring in the main residence in 2024, and HVAC improvements. A solar panel system and Tesla Level 2 home charging connector serve the property. The 0.16-acre lot includes a landscaped backyard, stone accents, a fire pit, and wooded edges. Zoning is RS8.
The property is in Montford near downtown Asheville. It has two dedicated off-street parking spaces, with additional street parking also noted. The exterior was professionally painted in 2026.
The property is in Montford near downtown Asheville. It has two dedicated off-street parking spaces, with additional street parking also noted. The exterior was professionally painted in 2026.
Key Highlights
- Three residences: a 2‑bedroom main home, a 1‑bedroom apartment, and a studio
- 2,849‑square‑foot property on a 0.16‑acre lot
- Solar panel system and Tesla Level 2 home charging connector
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,022
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,440
$640.4K
Cap Rate 7%
$457,457
$457.5K
Cap Rate 9%
$355,800
$355.8K
Market Conditions
NOI Build-Up for 2,849 SF
Gross rent
$52.0K $18.24/SF
− Vacancy
−$6.2K −$2.18/SF
EGI
$45.7K $16.06/SF
− OpEx
−$13.7K −$4.82/SF
NOI
$32.0K $11.24/SF
Area
Buncombe County, NC
Vacancy
11.97%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,440
Cap Rate 7%
$457,457
Cap Rate 9%
$355,800
Alternative Uses
Best Use
Multifamily LT 5
$457.5K
$400.3K – $533.7K
NOI $32,022 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,774 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,062 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
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Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences combine updated interiors, private outdoor areas, and solar power in a property zoned RS8.
Where is this triplex located?
The property is located at 107 Courtland Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three residences: a 2‑bedroom main home, a 1‑bedroom apartment, and a studio; 2,849‑square‑foot property on a 0.16‑acre lot; Solar panel system and Tesla Level 2 home charging connector
