Three-Unit Multifamily
For Sale
$679,000
115 Old Mill Road, Flat Rock, NC 28731
MULTI_FAMILY - Flat Rock, NC
Days on Market93
Property Features for 115 Old Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Red-Cond
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Basement, Bathroom 4, Bathroom 3, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Pets allowed
Size Limit, Yes, Number Limit
Pool private
1
Exterior features
Fire Pit, Lawn Maintenance, Tennis Court(s)
Fireplace
1
Basement
Daylight, Walk-Up Access, Apartment
Appliances
Electric Cooktop, Electric Oven, Refrigerator
Lot features
Rolling Slope
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Directions
Follow N Church and NC-225S to W. Blue Ridge Rd. in Flat Rock. Turn left onto W. Blue Ridge By Wrinkled Egg. Follow road for .3 of a mile.
Standard status
Active
APN
9577417562
Taxes and HOA fees
Tax Description
Mill House Lodge PL2021-131104 UN401 BU400
HOA Fee
$1,485 Monthly
Legal Description
Mill House Lodge PL2021-131104 UN401 BU400
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1960
Number of units
3
Flooring type
Laminate
Building materials
Brick Full, Wood
Roof type
Shingle
Listing Agency:
Keller Williams Mtn Partners, LLC · Keller Williams Realty
(828) 290-1000
Listed By:
Tania Reid · License #284899
(828) 393-5005
Added: Apr 29
Changed: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 4375477
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.
Investment Insights
Based on property information with market context.
Located at 115 Old Mill Road in Flat Rock, NC, this three-unit multifamily property includes one upper unit and two lower units. The upper unit offers 3 bedrooms and 2 bathrooms, while each of the two lower units includes 1 bedroom and 1 bathroom.
The property is set on an approximately 8-acre compound and features shared outdoor amenities including an outdoor swimming pool, tennis, and a lake area with beach space plus a fire pit area. Fishing and canoeing are available on the lake.
The unit mix creates flexibility for both longer-term and short-term occupancy, supported by the described historical rental performance and consistent occupancy and income.
The property is set on an approximately 8-acre compound and features shared outdoor amenities including an outdoor swimming pool, tennis, and a lake area with beach space plus a fire pit area. Fishing and canoeing are available on the lake.
The unit mix creates flexibility for both longer-term and short-term occupancy, supported by the described historical rental performance and consistent occupancy and income.
Key Highlights
- Three‑unit property with a strong rental history and consistent occupancy and income
- Unit mix: upper unit has 3 bedrooms and 2 baths; two lower units each have 1 bedroom and 1 bath
- 8‑acre compound with a private outdoor swimming pool, tennis court, and fire pit area
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 28731, NC
8,806
Population
4,417
Households
2
Avg Household Size
53
Median Age
37%
College-Educated
91%
High-School Grad
33.1 sq mi
ZIP Area
266
Density / Sq Mi
$65,882
Median Household Income
$35,957
Median Earnings
$947
Median Rent
$361,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property in Flat Rock with outdoor pool and on-site lake amenities.
Where is this triplex located?
The property is located at 115 Old Mill Road Flat Rock, NC.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Three‑unit property with a strong rental history and consistent occupancy and income; Unit mix: upper unit has 3 bedrooms and 2 baths; two lower units each have 1 bedroom and 1 bath; 8‑acre compound with a private outdoor swimming pool, tennis court, and fire pit area
