Three-Unit Triplex with Detached
New
For Sale
$599,000
17 & 19 Hubbard Avenue, Asheville, NC 28806
Two separate residences contain three rental units, each with a private porch and shared-yard access.
Property Size1,924 SF
Lot Size0.29 Acres
Price / SF$330.76
Days on Market4
Property Features for 17 & 19 Hubbard Avenue
General Information
Standard status
Active
Size
1,924 SF
Lot size
0.29 Acres
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
private porch
shared yard
Public Sewer
Additional parcels description:, Parcel Number: 9638-31-7805-00000, Assessed Value: $491,500, Zoning: RS8
Ceiling Fan(s), Ductless, Heat Pump
Ductless, Forced Air
In Basement
Listing ID: CAR4369564, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, 1 day on market, Special Conditions: Subject to Lease
Driveway
Elementary School: Asheville City, Middle School: Asheville, High School: Asheville
Apartment
4 total bedrooms
Built in 1924, Living area: 1811, Construction Materials: Aluminum, Asbestos, Wood
County/Parish: Buncombe
3 full bathrooms
Water Source: City
Crawl Space
Water
Allowed: Conditional
All except water
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Electric Oven, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator
Building Details
Building Size
1,924 SF
Year Built
1924
Buildings
2
Listing Agency:
Mosaic Community Lifestyle Realty
(828) 707-9556
Listed By:
Chris Findley
(828) 242-9775
Source:
Blackstreaminternational
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:02PM
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 Mosaic Community Lifestyle Realty
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Investment Insights
Based on property information with market context.
Two standalone homes at 17 and 19 Hubbard Avenue provide three rental units on a 0.29-acre parcel. The duplex at 17 Hubbard includes a 979-square-foot, two-bedroom, one-bath upper apartment and a 420-square-foot, one-bedroom, one-bath lower apartment. A detached 412-square-foot cottage at 19 Hubbard has one bedroom and one bath. All three units have private porches, with a shared yard available to residents.
The property is in West Asheville near Sunny Point Café and the Haywood Road corridor. Improvements completed in recent years include water heaters, mini-split systems, roofs, and gutters. The buildings date to 1924.
The property is in West Asheville near Sunny Point Café and the Haywood Road corridor. Improvements completed in recent years include water heaters, mini-split systems, roofs, and gutters. The buildings date to 1924.
Key Highlights
- Three rental units in two standalone homes on a 0.29‑acre lot
- 17 Hubbard duplex: 979‑square‑foot, 2‑bedroom, 1‑bath upper unit and 420‑square‑foot, 1‑bedroom, 1‑bath lower unit
- Detached 412‑square‑foot cottage at 19 Hubbard with 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,355
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,100
$407.1K
Cap Rate 7%
$290,786
$290.8K
Cap Rate 9%
$226,167
$226.2K
Market Conditions
NOI Build-Up for 1,811 SF
Gross rent
$33.0K $18.24/SF
− Vacancy
−$4.0K −$2.18/SF
EGI
$29.1K $16.06/SF
− OpEx
−$8.7K −$4.82/SF
NOI
$20.4K $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%
$407,100
Cap Rate 7%
$290,786
Cap Rate 9%
$226,167
Alternative Uses
Best Use
Multifamily LT 5
$290.8K
$254.4K – $339.3K
NOI $20,355 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.3K
NOI $17,655 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$572.7K
$501.1K – $668.1K
NOI $40,086 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two separate residences contain three rental units, each with a private porch and shared-yard access.
Where is this triplex located?
The property is located at 17 & 19 Hubbard Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three rental units in two standalone homes on a 0.29‑acre lot; 17 Hubbard duplex: 979‑square‑foot, 2‑bedroom, 1‑bath upper unit and 420‑square‑foot, 1‑bedroom, 1‑bath lower unit; Detached 412‑square‑foot cottage at 19 Hubbard with 1 bedroom and 1 bath
