Duplex with Covered
26 Elkmont Drive Asheville, NC 28804
26 Elkmont Drive, Asheville, NC, 28804
$550,000
For Sale
$550,000
Residential Multi Family, Other - Asheville, NC
Property Size2,369 SF
Lot Size0.41 Acres
Price / SF$232.17
Days on Market49
Property Features for 26 Elkmont Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,369 SF
- Lot size
- 0.41 Acres
Building Details
- Year built
- 1964
- Architectural style
- Other
Listing Agency
NextHome Partners
(828) 505-0976
35 B Montford Ave, NC
Listed by
Zach Penland · License #329299,PersonLicenseNumber
(828) 772-9622
Added: May 29 Checked: Jul 16 at 8:06 pm
MLS# 4386925
Listing URL
Copyright © 2026 NextHome, Inc. 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 duplex is designed as two independent living spaces with its own entry for each level. The main and lower units share a cohesive mid-century look, featuring a wide picture window, shaded entryways, and covered parking. The property also includes a large, usable yard supported by mature trees.
Located in North Asheville at 26 Elkmont Drive, the home is described as a short walk from Beaver Lake and within close proximity to shopping, dining, and downtown Asheville.
The layout offers multiple ownership and rental options, including living on the main level while renting the lower unit, or renting both levels as a duplex. The offering also references an additional lot next door (PIN 973086152900000), which may be purchased with the home or separately, depending on the selected option.
Located in North Asheville at 26 Elkmont Drive, the home is described as a short walk from Beaver Lake and within close proximity to shopping, dining, and downtown Asheville.
The layout offers multiple ownership and rental options, including living on the main level while renting the lower unit, or renting both levels as a duplex. The offering also references an additional lot next door (PIN 973086152900000), which may be purchased with the home or separately, depending on the selected option.
Key Highlights
- Year built: 1964 mid‑century home in North Asheville
- Walkable to Beaver Lake, including shaded trails and a bird sanctuary nearby
- Each level has its own entry and separate privacy, supporting multigenerational living or tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $18.24 |
| − Vacancy | −$5.2k | −$2.18 |
| EGI | $38.0k | $16.06 |
| − OpEx | −$11.4k | −$4.82 |
| NOI | $26.6k | $11.24 |
2,369 SF · lease $18.24/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.4K
$332.8K – $443.8K
NOI $26,627 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,094 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,438 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-level duplex with separate entries, a wide picture window, and covered parking, plus a large usable yard.
Where is this duplex located?
The property is located at 26 Elkmont Drive Asheville, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Year built: 1964 mid‑century home in North Asheville; Walkable to Beaver Lake, including shaded trails and a bird sanctuary nearby; Each level has its own entry and separate privacy, supporting multigenerational living or tenants
