Modern Duplex with Mountain
For Sale
$525,000
30 And 32 View St, Asheville, NC 28804
Two residential units feature updated finishes, separate utility metering, outdoor spaces, and off-street parking.
Property Size2,664 SF
Price / SF$197.07
Days on Market41
Property Features for 30 And 32 View St
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Listing Agency:
Mosaic Community Lifestyle Realty
(828) 712-9395
Listed By:
Eric Albee
Source:
Lewisandkirk
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 5:30AM
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 Mosaic Community Lifestyle Realty
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,664-square-foot duplex includes two separate residences, each with two bedrooms and 1.5 bathrooms. Interior details include 9-foot ceilings, hardwood flooring, granite kitchen countertops, stainless steel appliances, generous cabinetry, and connected living and dining areas. Covered front porches and private rear decks extend each unit’s usable space, with long-range mountain views from the decks.
Separate utility meters and off-street parking support straightforward operations. The property is located at 30 And 32 View St in Asheville, minutes from downtown and its dining, shopping, and cultural amenities. A documented rental history adds operating context for investors, while the two-unit configuration also accommodates an owner-occupant seeking additional residential income.
Separate utility meters and off-street parking support straightforward operations. The property is located at 30 And 32 View St in Asheville, minutes from downtown and its dining, shopping, and cultural amenities. A documented rental history adds operating context for investors, while the two-unit configuration also accommodates an owner-occupant seeking additional residential income.
Key Highlights
- 2024 construction with 2,664 square feet
- Two units, each with 2 bedrooms and 1.5 bathrooms
- 9‑foot ceilings, hardwood floors, granite counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,840
$598.8K
Cap Rate 7%
$427,743
$427.7K
Cap Rate 9%
$332,689
$332.7K
Market Conditions
NOI Build-Up for 2,664 SF
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.
Gross rent
$48.6K $18.24/SF
− Vacancy
−$5.8K −$2.18/SF
EGI
$42.8K $16.06/SF
− OpEx
−$12.8K −$4.82/SF
NOI
$29.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,840
Cap Rate 7%
$427,743
Cap Rate 9%
$332,689
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.3K – $499.0K
NOI $29,942 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$371.0K
$324.6K – $432.8K
NOI $25,970 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$842.4K
$737.1K – $982.8K
NOI $58,967 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 28804, NC
23,964
Population
11,716
Households
2
Avg Household Size
44
Median Age
60%
College-Educated
93%
High-School Grad
28.7 sq mi
ZIP Area
835
Density / Sq Mi
$79,709
Median Household Income
$37,169
Median Earnings
$1,399
Median Rent
$528,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated finishes, separate utility metering, outdoor spaces, and off-street parking.
Where is this duplex located?
The property is located at 30 And 32 View St Asheville, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2024 construction with 2,664 square feet; Two units, each with 2 bedrooms and 1.5 bathrooms; 9‑foot ceilings, hardwood floors, granite counters, and stainless steel appliances
