Duplex with Independent
For Sale
$749,900
25 Houston St, Asheville, NC 28801
Lower-level apartment includes its own entrance, electric meter, and private deck.
Property Size2,400 SF
Price / SF$312.46
Days on Market75
Property Features for 25 Houston St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
covered front porch
private deck
back deck
basement storage
laundry
granite countertops
breakfast bar
Building Details
Year Built
2005
Buildings
1
Listing Agency:
DRG Homes & Land
Listed By:
Sandra Messer
(828) 210-3898
Source:
Highperformancerea
Added: Aug 1
Changed: Oct 14
Last Checked: Oct 13 at 1:56AM
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 DRG Homes & Land
Investment Insights
Based on property information with market context.
This 2,400 SF duplex was built in 2005 and can operate as two residences or a single-family home. The upper portion offers three bedrooms and two full baths, with an open kitchen, dining, and living arrangement on the main level. Granite countertops and a breakfast bar anchor the kitchen. The lower 1/1 apartment has a separate entrance, its own electric meter, and a private deck. HVAC serves the upper levels, while the apartment uses a mini split.
Outdoor features include a covered front porch and a smaller rear deck. The basement provides substantial laundry and storage space. A newer roof is 5 yrs old. The property is at 25 Houston St in Asheville’s historic Montford area, close to downtown Asheville and around the corner from All Day Darling.
Outdoor features include a covered front porch and a smaller rear deck. The basement provides substantial laundry and storage space. A newer roof is 5 yrs old. The property is at 25 Houston St in Asheville’s historic Montford area, close to downtown Asheville and around the corner from All Day Darling.
Key Highlights
- 2,400 SF duplex built in 2005
- Upper unit includes 3 bedrooms and 2 full baths
- Lower‑level 1/1 apartment has independent entrance and electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,975
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,500
$539.5K
Cap Rate 7%
$385,357
$385.4K
Cap Rate 9%
$299,722
$299.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.8K $18.24/SF
− Vacancy
−$5.2K −$2.18/SF
EGI
$38.5K $16.06/SF
− OpEx
−$11.6K −$4.82/SF
NOI
$27.0K $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%
$539,500
Cap Rate 7%
$385,357
Cap Rate 9%
$299,722
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.6K
NOI $26,975 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$334.2K
$292.5K – $390.0K
NOI $23,397 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$758.9K
$664.1K – $885.4K
NOI $53,124 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Lower-level apartment includes its own entrance, electric meter, and private deck.
Where is this duplex located?
The property is located at 25 Houston St Asheville, NC.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,400 SF duplex built in 2005; Upper unit includes 3 bedrooms and 2 full baths; Lower‑level 1/1 apartment has independent entrance and electric meter
