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Multifamily Property with Tiny Home
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For Sale
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3150 New Leicester Hwy, Leicester, NC 28748

A vacant tiny home and two unfinished units are part of the existing property.

Property SizeContact for details
Days on Market5

Property Features for 3150 New Leicester Hwy

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Major Repairs Needed
Evidence gutted down to the studs

Additional Details

Gross Income $114,600
Multifamily Units 7

Building Details

Buildings 3
Listing Agency: Elite Exit Advisors
Listed By: Natalie Luneva · License #9016902-BB
Source: Crexi
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 2:37PM

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 Elite Exit Advisors

Investment Insights

Based on property information with market context.

Two triplex buildings and a separate tiny home occupy three parcels in Leicester, North Carolina. The six apartments have been remodeled, with reported improvements including HVAC and water-heater replacements, kitchen work, and new steps, a ramp, and porch railings. One apartment received a full interior renovation and stainless-steel appliances. The tiny home is currently vacant.

Two additional units have been gutted and await completion. Expansion would require zoning and permitting verification. Mountain views and a creek along the property boundary are among the site features. The property is approximately 20 minutes from downtown Asheville.

Key Highlights

  • Two triplex buildings with six apartments, plus a separate tiny home
  • Two unfinished units are gutted and await completion; verify zoning and permitting for expansion
  • Three parcels in Leicester, North Carolina, about 20 minutes from downtown Asheville

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Electrical Service Restaurant Pharmacy

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

7
Residential units

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 28748, NC

13,030
Population
4,908
Households
2.7
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
92.1 sq mi
ZIP Area
141
Density / Sq Mi
$65,269
Median Household Income
$35,919
Median Earnings
$1,078
Median Rent
$298,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - A vacant tiny home and two unfinished units are part of the existing property.
Where is this multifamily property located?
The property is located at 3150 New Leicester Hwy Leicester, NC.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two triplex buildings with six apartments, plus a separate tiny home; Two unfinished units are gutted and await completion; verify zoning and permitting for expansion; Three parcels in Leicester, North Carolina, about 20 minutes from downtown Asheville
More about this property
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