Residential Income Triplex-Style
18 Baker Place Arden, NC 28704
New
For Sale
$985,000
Newer home with multiple self-contained living spaces, including a lower-level apartment and detached ADU on unrestricted R1 acreage.
Property Size3,584 SF
Lot Size1.16 Acres
Price / SF$274.83
Days on Market5
Property Features for 18 Baker Place
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Lot size
- 1.16 Acres
- Property subtype
- Triplex
Building Details
- Year Built
- 2024
Listing Agency:
Fox Den Realty
(828) 771-8274
Listed By:
Ciera Carolan
(828) 771-8274
Source:
Blackstreaminternational
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 5:32AM
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 Fox Den Realty
Investment Insights
Based on property information with market context.
This newer residential income property is built with flexibility in mind, offering multiple living configurations across the main home, a lower-level apartment, and a detached ADU. The main level includes a kitchen, living room, dining area, primary suite, and laundry, with vaulted ceilings and 10' bifold doors opening to a covered back deck. The upper level provides an additional living room, a large bonus room that could be used as a bedroom or flex space, a full bath, and an office nook.
A lower-level apartment features a private exterior entrance along with a kitchenette, living area, bedroom, bath, and laundry. The detached ADU is fully self-contained, with its own full kitchen, living area, bedroom space, bath, laundry, and a covered porch. Across the property, there are three kitchens and three laundry areas.
Set on 1.16 acres with R1 zoning and no HOA, the home is located about 5 minutes from Bent Creek and the Blue Ridge Parkway and approximately 18 minutes from downtown Asheville. Furnishings are negotiable.
A lower-level apartment features a private exterior entrance along with a kitchenette, living area, bedroom, bath, and laundry. The detached ADU is fully self-contained, with its own full kitchen, living area, bedroom space, bath, laundry, and a covered porch. Across the property, there are three kitchens and three laundry areas.
Set on 1.16 acres with R1 zoning and no HOA, the home is located about 5 minutes from Bent Creek and the Blue Ridge Parkway and approximately 18 minutes from downtown Asheville. Furnishings are negotiable.
Key Highlights
- 2024‑built home on 1.16 unrestricted acres with R1 zoning and no HOA
- Approximately 3,550 SF with multiple living spaces, including a lower‑level apartment and a detached ADU
- Lower‑level apartment with private exterior entrance, kitchenette, bedroom, bath, and laundry
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 | $65.4k | $18.24 |
| − Vacancy | −$7.8k | −$2.18 |
| EGI | $57.5k | $16.06 |
| − OpEx | −$17.3k | −$4.82 |
| NOI | $40.3k | $11.24 |
3,584 SF · lease $18.24/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$575.5K
$503.5K – $671.4K
NOI $40,283 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$499.1K
$436.7K – $582.3K
NOI $34,939 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.13M
$991.7K – $1.32M
NOI $79,332 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Newer home with multiple self-contained living spaces, including a lower-level apartment and detached ADU on unrestricted R1 acreage.
Where is this triplex located?
The property is located at 18 Baker Place Arden, NC.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 2024‑built home on 1.16 unrestricted acres with R1 zoning and no HOA; Approximately 3,550 SF with multiple living spaces, including a lower‑level apartment and a detached ADU; Lower‑level apartment with private exterior entrance, kitchenette, bedroom, bath, and laundry
