Duplex With Two Separate
New
For Sale
$399,000
146 & 148 Bradshaw Circle, Candler, NC 28715
Two distinct living spaces include a manufactured home and a permitted garage apartment for flexible occupancy.
Property Size1,216 SF
Days on Market6
Property Features for 146 & 148 Bradshaw Circle
General Information
Standard status
Active
Size
1,216 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
OU
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
high-speed internet
private back deck
Building Details
Building Size
1,216 SF
Year Built
2025
Buildings
2
Stories
1
Units
2
Listing Agency:
EXP Realty LLC
(888) 584-9431
Listed By:
Laura Uherka
(828) 747-9883
Source:
Techrealtyllc
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 2:57PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This duplex includes a brand-new manufactured home with 3 bedrooms and 2 baths, currently being permanently affixed to the land. Its interior features modern finishes, an open layout, and abundant natural light. The second residence is a converted garage apartment completed and fully permitted in 2021, with 1 bedroom, 1 bath, high ceilings, and a private back deck.
The property is located at 146 & 148 Bradshaw Circle in Candler, NC, on a private lot with views and a stream along the lower portion. Each residence has its own septic system, while both share a city water meter. High-speed internet is available, and the property is zoned OU.
The property is located at 146 & 148 Bradshaw Circle in Candler, NC, on a private lot with views and a stream along the lower portion. Each residence has its own septic system, while both share a city water meter. High-speed internet is available, and the property is zoned OU.
Key Highlights
- Two separate residences on one property
- Brand‑new 3‑bedroom, 2‑bath manufactured home
- 1‑bedroom, 1‑bath converted garage apartment completed and permitted in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,667
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,340
$273.3K
Cap Rate 7%
$195,243
$195.2K
Cap Rate 9%
$151,856
$151.9K
Market Conditions
NOI Build-Up for 1,216 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.2K $18.24/SF
− Vacancy
−$2.7K −$2.18/SF
EGI
$19.5K $16.06/SF
− OpEx
−$5.9K −$4.82/SF
NOI
$13.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$273,340
Cap Rate 7%
$195,243
Cap Rate 9%
$151,856
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.8K
NOI $13,667 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$169.3K
$148.2K – $197.6K
NOI $11,854 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$384.5K
$336.5K – $448.6K
NOI $26,916 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 28715, NC
27,810
Population
12,519
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
78.1 sq mi
ZIP Area
356
Density / Sq Mi
$70,950
Median Household Income
$38,620
Median Earnings
$1,208
Median Rent
$291,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living spaces include a manufactured home and a permitted garage apartment for flexible occupancy.
Where is this duplex located?
The property is located at 146 & 148 Bradshaw Circle Candler, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two separate residences on one property; Brand‑new 3‑bedroom, 2‑bath manufactured home; 1‑bedroom, 1‑bath converted garage apartment completed and permitted in 2021
