Two-Unit Duplex with Basement
New
For Sale
$795,000
17 Sheridan Rd, Asheville, NC 28803
A renovated kitchen, separate laundry for each residence, and multiple outdoor areas support flexible occupancy.
Property Size2,208 SF
Price / SF$360.05
Days on Market6
Property Features for 17 Sheridan Rd
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
covered front porch
back deck
patio
laundry rooms
Building Details
Buildings
1
Stories
2
Listing Agency:
Preferred Properties
(828) 258-2953
Listed By:
Ashley Dotson · License #271969
(828) 712-1899
Source:
Exprealty
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:18PM
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 Preferred Properties
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Investment Insights
Based on property information with market context.
This two-story duplex pairs a three-bedroom, 2.5-bathroom main residence with a separate basement apartment. The main home has a renovated kitchen and new appliances. Each residence includes its own laundry room, and the apartment has a private entrance. Covered front-porch space, a rear deck, and a backyard patio provide several outdoor areas.
The property is in Asheville’s Kenilworth neighborhood, minutes from Biltmore Village, Mission Hospital, and downtown Asheville. Shopping, dining, healthcare, and entertainment are nearby. Parking includes a driveway and a separate pad.
The property is in Asheville’s Kenilworth neighborhood, minutes from Biltmore Village, Mission Hospital, and downtown Asheville. Shopping, dining, healthcare, and entertainment are nearby. Parking includes a driveway and a separate pad.
Key Highlights
- Two‑story duplex with a three‑bedroom, 2.5‑bathroom main residence and separate basement apartment
- Renovated main‑home kitchen with new appliances
- Private apartment entrance; laundry room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,817
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,340
$496.3K
Cap Rate 7%
$354,529
$354.5K
Cap Rate 9%
$275,744
$275.7K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$40.3K $18.24/SF
− Vacancy
−$4.8K −$2.18/SF
EGI
$35.5K $16.06/SF
− OpEx
−$10.6K −$4.82/SF
NOI
$24.8K $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%
$496,340
Cap Rate 7%
$354,529
Cap Rate 9%
$275,744
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.6K
NOI $24,817 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$307.5K
$269.1K – $358.8K
NOI $21,525 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$698.2K
$610.9K – $814.6K
NOI $48,874 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
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Business Placement
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
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?
Duplex - A renovated kitchen, separate laundry for each residence, and multiple outdoor areas support flexible occupancy.
Where is this duplex located?
The property is located at 17 Sheridan Rd Asheville, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑story duplex with a three‑bedroom, 2.5‑bathroom main residence and separate basement apartment; Renovated main‑home kitchen with new appliances; Private apartment entrance; laundry room in each residence
