Duplex with Mountain
New
For Sale
$649,000
115 & 117 Union Chapel Rd, Weaverville, NC 28787
Two residential units offer flexibility for short- or long-term rental use, with no HOA.
Property Size2,318 SF
Price / SF$279.98
Days on Market3
Property Features for 115 & 117 Union Chapel Rd
General Information
Standard status
Active
Size
2,318 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listed By:
BluAxis Realty
(828) 600-5021
Source:
Bluaxisrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 12 at 6:44PM
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 BluAxis Realty
Investment Insights
Based on property information with market context.
This 2,318-square-foot duplex was built in 2026 and sits at the end of a dead-end road. The property has mountain views and a private setting. The units are presented as suitable for either short- or long-term rental use, and there is no HOA.
Weaverville’s downtown is about 8 minutes away, while downtown Asheville and the Blue Ridge Parkway are each about 20 minutes away. Reems Creek Golf Course is nearby.
Weaverville’s downtown is about 8 minutes away, while downtown Asheville and the Blue Ridge Parkway are each about 20 minutes away. Reems Creek Golf Course is nearby.
Key Highlights
- 2,318‑square‑foot duplex
- Built in 2026
- Short- or long‑term rental use described
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,054
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,080
$521.1K
Cap Rate 7%
$372,200
$372.2K
Cap Rate 9%
$289,489
$289.5K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$42.3K $18.24/SF
− Vacancy
−$5.1K −$2.18/SF
EGI
$37.2K $16.06/SF
− OpEx
−$11.2K −$4.82/SF
NOI
$26.1K $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%
$521,080
Cap Rate 7%
$372,200
Cap Rate 9%
$289,489
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.2K
NOI $26,054 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,597 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$733.0K
$641.4K – $855.2K
NOI $51,309 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 28787, NC
21,948
Population
10,863
Households
2
Avg Household Size
47
Median Age
44%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
276
Density / Sq Mi
$75,051
Median Household Income
$39,724
Median Earnings
$1,198
Median Rent
$379,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexibility for short- or long-term rental use, with no HOA.
Where is this duplex located?
The property is located at 115 & 117 Union Chapel Rd Weaverville, NC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,318‑square‑foot duplex; Built in 2026; Short- or long‑term rental use described
