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Renovated Duplex with Accessory Dwelling Unit
For Sale
$665,000

14 Penelope St, Black Mountain, NC 28711

Renovated duplex near downtown with a detached accessory dwelling unit and updated systems.

Property Size1,114 SF
Price / SF$596.95
Days on Market13

Property Features for 14 Penelope St

General Information

Standard status Active
Size 1,114 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1965
Buildings 2
Listing Agency: Keller Williams Professionals
Listed By: Eddie Colley · License #257918
Source: Lewisandkirk
Added: Aug 17 Changed: Aug 29 Last Checked: Aug 29 at 4:02PM

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 Keller Williams Professionals

Investment Insights

Based on property information with market context.

This 1965 duplex property combines an updated brick main residence with a separate detached accessory dwelling unit. The primary home offers 3 bedrooms and 2.5 bathrooms, along with a newly permitted finished basement that nearly doubles its living area. Improvements include a metal roof, new HVAC, updated plumbing, and most new electrical work. A concealed speakeasy-style room adds distinctive interior space.

The detached ADU contains 2 bedrooms and 1 bathroom and has been fully renovated. It also has an established rental history with consistent occupancy. The property sits on a private corner lot with mature landscaping, a one-car garage, and parking for four or more vehicles. Its location provides a short walk to downtown Black Mountain, while the property information reports no damage from Hurricane Helene.

Key Highlights

  • 3‑bedroom, 2.5‑bath main residence with a newly permitted finished basement
  • Detached renovated ADU with 2 bedrooms and 1 bathroom
  • Main home improvements include a metal roof, new HVAC, updated plumbing, and most new electrical

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Pharmacy Auto Parts Store Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

108
Businesses Nearby

Demographics for 28711, NC

14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Renovated duplex near downtown with a detached accessory dwelling unit and updated systems.
Where is this duplex located?
The property is located at 14 Penelope St Black Mountain, NC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath main residence with a newly permitted finished basement; Detached renovated ADU with 2 bedrooms and 1 bathroom; Main home improvements include a metal roof, new HVAC, updated plumbing, and most new electrical
More about this property
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