Three-Unit Townhome
201 Birch Lane, Arden, NC 28704
For Sale
$789,000
Pending
Three-bedroom residences combine private patios, gas fireplaces, and attached garages in a tenant-occupied rental property.
Property Size4,036 SF
Days on Market25
Property Features for 201 Birch Lane
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Amenities
gas fireplace
private patio
Carpet,Linoleum,Vinyl
3
579
Yes
No
9
Insulated Window(s),Window Treatments
Mud Room,In Unit,Inside,Main Level
Gas Log,Living Room
Breakfast Bar,Open Floorplan,Storage
4036
Corner Lot,Infill Lot,Level
City
French Doors,Insulated Door(s)
0.35
Each unit has a private 1 car garage attached to it. There are private spaces for each unit and then additional parking on property.
8
Attached Garage,Garage Faces Front,Parking Lot,Parking Space(s)
Concrete,Paved
Slab
Publicly Maintained Road
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Premier Sotheby's International Realty
(336) 815-4940
Listed By:
Amber Johnson · License #276746
(828) 777-6162
Source:
Makethemoverealty
Added: Oct 16
Changed: Nov 6
Last Checked: Nov 8 at 8:58AM
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 Premier Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, this triplex contains three townhomes totaling 4,036 square feet. Each residence has three bedrooms, two-and-a-half baths, a gas fireplace, a private patio, and an attached one-car garage. All three units are tenant-occupied, and the property has an established rental history. Recent roof replacements and additional parking are also noted.
The property is at 201 Birch Lane in Arden, just outside Asheville city limits. It is minutes from Biltmore Village, Asheville Regional Airport, shopping, dining, and major transportation corridors.
Buncombe County NS (Neighborhood Service) zoning permits a mix of residential, commercial, business, and service uses, subject to county requirements. The parcel is also described as having capacity for additional units.
The property is at 201 Birch Lane in Arden, just outside Asheville city limits. It is minutes from Biltmore Village, Asheville Regional Airport, shopping, dining, and major transportation corridors.
Buncombe County NS (Neighborhood Service) zoning permits a mix of residential, commercial, business, and service uses, subject to county requirements. The parcel is also described as having capacity for additional units.
Key Highlights
- Three townhomes with 4,036 square feet total
- Each residence has 3 bedrooms, 2.5 baths, a gas fireplace, patio, and attached one‑car garage
- All three units are tenant‑occupied; established rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,363
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,260
$907.3K
Cap Rate 7%
$648,043
$648.0K
Cap Rate 9%
$504,033
$504.0K
Market Conditions
NOI Build-Up for 4,036 SF
Gross rent
$73.6K $18.24/SF
− Vacancy
−$8.8K −$2.18/SF
EGI
$64.8K $16.06/SF
− OpEx
−$19.4K −$4.82/SF
NOI
$45.4K $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%
$907,260
Cap Rate 7%
$648,043
Cap Rate 9%
$504,033
Alternative Uses
Best Use
Multifamily LT 5
$648.0K
$567.0K – $756.1K
NOI $45,363 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$562.1K
$491.8K – $655.8K
NOI $39,345 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,337 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 28704, NC
23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom residences combine private patios, gas fireplaces, and attached garages in a tenant-occupied rental property.
Where is this triplex located?
The property is located at 201 Birch Lane Arden, NC.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Three townhomes with 4,036 square feet total; Each residence has 3 bedrooms, 2.5 baths, a gas fireplace, patio, and attached one‑car garage; All three units are tenant‑occupied; established rental history
