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Apartment Building with Five Mobile Homes
For Sale
$1,050,000

18 Hat Creek Drive, Asheville, NC 28806

MULTI_FAMILY - Asheville, NC

Property SizeContact for details
Lot Size3.95 Acres
Days on Market296

Property Features for 18 Hat Creek Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-3
Zoning description R-3
Bedrooms 14
Bathrooms 10
Full bathrooms 10
Rooms Bedroom 8, Bedroom 4, Bedroom 3, Bedroom 11, Bathroom 10, Bedroom 13, Bedroom 5, Bedroom 6, Bedroom 9, Bathroom 7, Bedroom 10, Bathroom 5, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 9, Bedroom 1, Bedroom 7, Bedroom 12, Bedroom 14, Bathroom 8, Bathroom 4, Bathroom 6
Parking features Driveway
Lot features Cleared, Green Area, Level, Rolling Slope, Wooded, Views
Elementary school Johnston/Eblen
Middle school Clyde A Erwin
High school Clyde A Erwin
Standard status Active
APN 9618-86-8172-00000
Lot size 3.95 Acres

Taxes and HOA fees

Tax Description as per deeds
Legal Description as per deeds

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump
Water source Well

Building Details

Number of units 5
Building materials Vinyl
Roof type Metal, Shingle
Listing Agency: Edwards Realty LLC
Listed By: Tatyana Edwards · License #263766
Added: Oct 30, 2025 Changed: Aug 12 Last Checked: Aug 21 at 7:06AM
MLS# 4317652

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 apartment building consists of five income-producing homes across three adjacent PINs. The property includes three singlewide and two doublewide homes, all described as fully leased. Each home is set up with its own driveway and individual parking.

The site is zoned R-3 and sits on a 3.95-acre lot. Water service is provided by a shared well, with three parcels serviced by septic systems. The configuration involves three contiguous lots that may support additional units or redevelopment, subject to county approval.

On the physical side, the homes are described with vinyl construction and are heated and cooled by heat pumps. Roofing is listed as a combination of metal and shingle materials. Parking is supported by driveways on the property, with room for tenant parking.

Key Highlights

  • Five fully leased homes across three adjacent PINs
  • 3 singlewides and 2 doublewides
  • R‑3 zoning on a 3.95‑acre lot

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - R-3 zoned property with five fully leased mobile homes on three adjacent parcels served by septic and a shared well.
Where is this apartment building located?
The property is located at 18 Hat Creek Drive Asheville, NC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five fully leased homes across three adjacent PINs; 3 singlewides and 2 doublewides; R‑3 zoning on a 3.95‑acre lot
More about this property
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