Three-Unit Townhome
For Sale
$789,000
201 Birch Ln, Arden, NC 28704
All residences are occupied and feature private patios, gas fireplaces, and attached garages.
Property Size4,036 SF
Price / SF$195.49
Days on Market17
Property Features for 201 Birch Ln
General Information
Standard status
Active
Size
4,036 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
NS
Occupancy
100%
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
gas fireplace
private patio
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Premier Sotheby's International Realty
(828) 277-3238
Listed By:
Leslie Young · License #276746
(828) 777-6162
Source:
Exprealty
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 26 at 6:31PM
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
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Investment Insights
Based on property information with market context.
This triplex contains three townhomes, each with three bedrooms, two-and-a-half bathrooms, a gas fireplace, a private patio, and an attached one-car garage. The property measures 4,036 square feet and includes additional parking. Recent roof replacements and ongoing maintenance are also noted. All three homes are tenant-occupied, with an established rental history.
The parcel is in Buncombe County’s NS (Neighborhood Service) zoning district, which includes residential, commercial, business, and service uses. Permitted categories include multifamily housing, offices, retail, restaurants, and certain neighborhood-oriented services, subject to county requirements. The parcel is identified as having capacity for additional units.
The property is at 201 Birch Ln in Arden, just outside Asheville city limits. Biltmore Village, Asheville Regional Airport, shopping, dining, and major transportation corridors are described as minutes away.
The parcel is in Buncombe County’s NS (Neighborhood Service) zoning district, which includes residential, commercial, business, and service uses. Permitted categories include multifamily housing, offices, retail, restaurants, and certain neighborhood-oriented services, subject to county requirements. The parcel is identified as having capacity for additional units.
The property is at 201 Birch Ln in Arden, just outside Asheville city limits. Biltmore Village, Asheville Regional Airport, shopping, dining, and major transportation corridors are described as minutes away.
Key Highlights
- Three townhomes, each with 3 bedrooms and 2.5 baths
- 4,036 square feet
- Each residence has a gas fireplace, private patio, and attached one‑car garage
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.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All residences are occupied and feature private patios, gas fireplaces, and attached garages.
Where is this triplex located?
The property is located at 201 Birch Ln 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, each with 3 bedrooms and 2.5 baths; 4,036 square feet; Each residence has a gas fireplace, private patio, and attached one‑car garage
