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4-Unit Multifamily Property
New
For Sale
$645,000

228 Stoney Mountain Road, Hendersonville, NC 28791

Residential Income, Hendersonville, NC

Property SizeContact for details
Lot Size0.36 Acres
Days on Market3

Property Features for 228 Stoney Mountain Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description C-3
Bedrooms 5
Bathrooms 6
Full bathrooms 5
Half bathrooms 1
Rooms Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 3, Basement, Bathroom 5, Bedroom 2
Parking 7
Parking features Driveway, Carport
Patio and Porch features Porch
Pets allowed Yes
Basement Unfinished
Appliances Electric Range, Refrigerator
Lot features Level
Elementary school Clear Creek
Middle school Hendersonville
High school Hendersonville
Directions From Asheville Take I-26 E to Asheville Hwy in Henderson County. Take exit 44 from I-26 . Follow Asheville Hwy to Stoney Mountain Rd in Hendersonville.
Standard status Active
APN 102094
Lot size 0.36 Acres

Taxes and HOA fees

Tax Description PALANZA PARK LO25,26, PT2 BLC
Legal Description PALANZA PARK LO25,26, PT2 BLC

Utilities

Sewer type Public Sewer
Heating system Central, Baseboard, Electric (Heating), Forced Air
Cooling system Electric, Central Air

Building Details

Year built 1930
Floors in Building 1
Number of units 4
Flooring type Bamboo, Wood, Laminate, Carpet, Linoleum
Building materials Brick Partial, Vinyl
Roof type Composition
Architectural style Other
Listing Agency: Howard Hanna Beverly-Hanks Freestone Properties
Listed By: Bob Sadlemire · License #295811
Added: Oct 16 Changed: Oct 17 Last Checked: Oct 18 at 12:06AM
MLS# 4434521

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.

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Investment Insights

Based on property information with market context.

This 4-unit multifamily property includes a primary house with three residences and a separate rear building containing a one-bedroom unit. The buildings date to 1930 and sit on a 0.36-acre lot. Heating includes central, baseboard, and forced-air systems; cooling is electric with central air. Parking is provided by a driveway and carport, and the property has a porch and public sewer service.

The property is near downtown Hendersonville, with restaurants, grocery stores, and shopping accessible nearby. Fletcher and Asheville Regional Airport are a short drive away. Leases are in place, and the property has a rental history.

Key Highlights

  • Four residences across two buildings: three in the main house and one one‑bedroom unit in the rear
  • 0.36‑acre lot
  • Built in 1930

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Electrical Service Building Supply Bakery

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby

Demographics for 28791, NC

14,899
Population
7,268
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
892
Density / Sq Mi
$78,179
Median Household Income
$40,049
Median Earnings
$1,182
Median Rent
$352,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Four residences occupy two buildings, with leases currently in place and a documented rental history.
Where is this multifamily property located?
The property is located at 228 Stoney Mountain Road Hendersonville, NC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Four residences across two buildings: three in the main house and one one‑bedroom unit in the rear; 0.36‑acre lot; Built in 1930
More about this property
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