Two-Unit Residential Income
For Sale
$284,000
Pending
1745 Meadowbrook Terrace, Hendersonville, NC 28792
Elevated duplex on a concrete, metal-roof property with one-level layout and on-site parking.
Property Size2,420 SF
Lot Size0.34 Acres
Days on Market22
Property Features for 1745 Meadowbrook Terrace
General Information
Standard status
Pending
Size
2,420 SF
Lot size
0.34 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Stories
1
Construction
concrete
Tenancy
Multi
Listing Agency:
Buncombe Realty
(828) 301-2021
Listed By:
Wuchang Kevin Wei
(828) 301-2021
Source:
Blackstreaminternational
Added: Jul 10
Changed: Jul 21
Last Checked: Jul 30 at 5:33AM
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 Buncombe Realty
Investment Insights
Based on property information with market context.
This for-sale residential income property is a two-unit duplex with a one-level living layout. The configuration includes two units: a 2BR/1BA and a 3BR/1BA. The property has received updates including new flooring, appliances, and highly efficient mini-split heat pumps for heating and cooling.
The duplex is located about one mile north of downtown Hendersonville and roughly 200 yards from Ingles and other businesses on Asheville Hwy. It sits on an elevated 0.34-acre lot with plenty of parking and a quiet, walkable neighborhood setting.
The building is described as concrete construction with a metal roof. The seller also states the property did not experience flood damage during Hurricane Helene, and notes the elevated lot position relative to other homes on the street.
The duplex is located about one mile north of downtown Hendersonville and roughly 200 yards from Ingles and other businesses on Asheville Hwy. It sits on an elevated 0.34-acre lot with plenty of parking and a quiet, walkable neighborhood setting.
The building is described as concrete construction with a metal roof. The seller also states the property did not experience flood damage during Hurricane Helene, and notes the elevated lot position relative to other homes on the street.
Key Highlights
- Elevated 0.34‑acre duplex near downtown Hendersonville, about 1 mile north off Hwy 25
- Concrete building with metal roof
- One‑level living with plenty of on‑site parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.3k | $15.00 |
| − Vacancy | −$5.2k | −$2.17 |
| EGI | $31.1k | $12.83 |
| − OpEx | −$9.3k | −$3.85 |
| NOI | $21.7k | $8.98 |
2,420 SF · lease $15.00/SF/yr · vacancy 14.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.6K
$271.8K – $362.4K
NOI $21,741 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$274.8K
$240.4K – $320.6K
NOI $19,233 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$806.5K
$705.7K – $940.9K
NOI $56,454 @ 7.0% cap · market cap 19.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 28792, NC
35,962
Population
18,121
Households
2
Avg Household Size
44
Median Age
26%
College-Educated
87%
High-School Grad
102.9 sq mi
ZIP Area
349
Density / Sq Mi
$55,066
Median Household Income
$32,312
Median Earnings
$1,131
Median Rent
$249,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Elevated duplex on a concrete, metal-roof property with one-level layout and on-site parking.
Where is this duplex located?
The property is located at 1745 Meadowbrook Terrace Hendersonville, NC.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Elevated 0.34‑acre duplex near downtown Hendersonville, about 1 mile north off Hwy 25; Concrete building with metal roof; One‑level living with plenty of on‑site parking
