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Three-Residence Triplex Property
New
For Sale
$675,000

169 and 171 Cragmont Road, Black Mountain, NC 28711

Residential Income, Black Mountain, NC

Property SizeContact for details
Lot Size0.20 Acres
Days on Market2

Property Features for 169 and 171 Cragmont Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description UR8
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 4
Parking features Assigned
Basement Exterior Entry, Walk-Out Access
Appliances Electric Oven, Electric Range, Refrigerator
Lot features Level, Sloped, Views
Elementary school Black Mountain
Middle school Charles D Owen
High school Charles D Owen
Standard status Active
APN 061905581700000
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description Deed Date: 09/01/2009 Deed: 4719-1336 Subdiv: METHODIST COLONY CO Block: 6 Lot: 10 Section: Plat: 0154-0193
Legal Description Deed Date: 09/01/2009 Deed: 4719-1336 Subdiv: METHODIST COLONY CO Block: 6 Lot: 10 Section: Plat: 0154-0193

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating), Ductless (Heating)
Cooling system Ductless

Building Details

Year built 1954
Number of units 3
Building materials Block, Wood
Architectural style Cottage
Listing Agency: Noble & Company Realty
Listed By: Mary Noble Braden · License #248568
Added: Aug 21 Last Checked: Aug 22 at 3:06AM
MLS# 4416488

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 property brings together three independent residences at 169 and 171 Cragmont Road. The improvements include a detached one-bedroom, one-bath cottage and a duplex with separate one-bedroom and two-bedroom residences, each with one bathroom. The two-bedroom residence has an updated interior following a recent remodel. In total, the property contains four bedrooms and three bathrooms on a 0.2-acre site.

Built in 1954, the property features block and wood construction, cottage-style architecture, assigned parking, and public sewer service. Heating systems include heat pumps, electric heat, and ductless equipment, with ductless cooling. Electric cooking appliances and refrigerators are included.

The residences are located one block from Lake Tomahawk, near the tennis courts, and within walking distance of downtown Black Mountain’s shops, restaurants, breweries, and coffee shops.

Key Highlights

  • Three separate residences: a detached 1‑bedroom cottage plus a 1‑bedroom and 2‑bedroom duplex
  • 4 bedrooms and 3 bathrooms across the property
  • Recently remodeled 2‑bedroom residence with updated interior

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office HVAC Service Parking Lot & Garage Law Firm Hair Salon Electrical Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

665
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?
Triplex - Includes a remodeled two-bedroom unit, detached cottage, and duplex configuration.
Where is this triplex located?
The property is located at 169 and 171 Cragmont Road Black Mountain, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three separate residences: a detached 1‑bedroom cottage plus a 1‑bedroom and 2‑bedroom duplex; 4 bedrooms and 3 bathrooms across the property; Recently remodeled 2‑bedroom residence with updated interior
More about this property
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