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Triplex with Outdoor Pool
For Sale
$679,000

115 Old Mill Road, Flat Rock, NC 28731

Residential Income, Flat Rock, NC

Property SizeContact for details
Lot Size8.00 Acres
Days on Market139

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, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Basement, Bedroom 3, Bathroom 4, Bedroom 1
Parking features On Street
Patio and Porch features Porch
Pets allowed Number Limit, Yes, Size 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
Lot size 8.00 Acres

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 Window Unit(s), Central Air

Amenities

outdoor swimming pool
tennis
beach
fire pit area
fishing and canoeing lake

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
Listed By: Tania Reid · License #284899
Added: Apr 29 Changed: Sep 13 Last Checked: Sep 14 at 3:06PM
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.

This triplex includes one upper-level residence with 3 bedrooms and 2 bathrooms, plus two lower-level apartments, each arranged with 1 bedroom and 1 bathroom. The property was built in 1960 and includes brick and wood construction, laminate flooring, central air, window units, hot water heating, porches, and a private outdoor swimming pool. On-street parking, public sewer, a shingle roof, and kitchen appliances are also provided.

The residences are part of an 8-acre compound with tennis courts, a lake used for fishing and canoeing, a beach area, and a fire pit. The property is in Flat Rock, with Hendersonville shopping, restaurants, and other local amenities nearby. Occupancy may be structured for either short-term or long-term use, subject to applicable requirements.

Key Highlights

  • Three‑unit configuration with one 3‑bedroom, 2‑bath residence and two 1‑bedroom, 1‑bath apartments
  • Private outdoor swimming pool on an 8‑acre compound
  • Shared tennis courts, beach area, fishing and canoeing lake, and fire pit

Property Analytics

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Current Use

Triplexes

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit income property with varied floor plans, shared recreational amenities, and options for short- or long-term occupancy.
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 configuration with one 3‑bedroom, 2‑bath residence and two 1‑bedroom, 1‑bath apartments; Private outdoor swimming pool on an 8‑acre compound; Shared tennis courts, beach area, fishing and canoeing lake, and fire pit
More about this property
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