Modern Duplex with Attached
For Sale
$545,000
116 Arnold Rd, Asheville, NC 28805
Two-unit property with open-concept interiors, updated finishes, and a private rear deck.
Property Size2,274 SF
Price / SF$239.67
Days on Market50
Property Features for 116 Arnold Rd
General Information
Standard status
Active
Size
2,274 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private rear deck
Building Details
Year Built
2022
Buildings
1
Abandoned
No
Listing Agency:
Mosaic Community Lifestyle Realty
Listed By:
Eric Albee
(828) 712-9395
Source:
Lewisandkirk
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 13 at 12:48AM
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 Mosaic Community Lifestyle Realty
Investment Insights
Based on property information with market context.
Completed in 2022, this 2,274-square-foot duplex pairs a primary residence with an attached ADU. Both units feature open-concept living areas, granite countertops, and stainless steel appliances, creating a consistent modern finish package throughout the property. A private rear deck adds outdoor space for everyday use or entertaining.
The property is located at 116 Arnold Rd in Asheville, along the border of the Blue Ridge Parkway. Its two-unit layout supports flexible residential use, including multi-generational occupancy or leasing one residence while occupying the other. The property is also positioned for access to scenic outdoor recreation associated with the Parkway.
The property is located at 116 Arnold Rd in Asheville, along the border of the Blue Ridge Parkway. Its two-unit layout supports flexible residential use, including multi-generational occupancy or leasing one residence while occupying the other. The property is also positioned for access to scenic outdoor recreation associated with the Parkway.
Key Highlights
- 2,274‑square‑foot duplex with a primary residence and attached ADU
- Built in 2022
- Granite countertops and stainless steel appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,559
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,180
$511.2K
Cap Rate 7%
$365,129
$365.1K
Cap Rate 9%
$283,989
$284.0K
Market Conditions
NOI Build-Up for 2,274 SF
Gross rent
$41.5K $18.24/SF
− Vacancy
−$5.0K −$2.18/SF
EGI
$36.5K $16.06/SF
− OpEx
−$11.0K −$4.82/SF
NOI
$25.6K $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%
$511,180
Cap Rate 7%
$365,129
Cap Rate 9%
$283,989
Alternative Uses
Best Use
Multifamily LT 5
$365.1K
$319.5K – $426.0K
NOI $25,559 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$316.7K
$277.1K – $369.5K
NOI $22,168 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$719.1K
$629.2K – $838.9K
NOI $50,335 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 28805, NC
18,554
Population
10,737
Households
1.7
Avg Household Size
48
Median Age
49%
College-Educated
96%
High-School Grad
26.5 sq mi
ZIP Area
700
Density / Sq Mi
$67,104
Median Household Income
$35,897
Median Earnings
$1,198
Median Rent
$360,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open-concept interiors, updated finishes, and a private rear deck.
Where is this duplex located?
The property is located at 116 Arnold Rd Asheville, NC.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 2,274‑square‑foot duplex with a primary residence and attached ADU; Built in 2022; Granite countertops and stainless steel appliances in both units
