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Renovated Duplex with Basement Apartment
New
For Sale
$500,000

33 Phipps Street, Weaverville, NC 28787

Residential Income, Weaverville, NC

Property SizeContact for details
Lot Size0.36 Acres
Days on Market2

Property Features for 33 Phipps Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description R-1
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features Driveway
Window features Insulated Windows
Patio and Porch features Patio, Porch
Pets allowed Call
Basement Exterior Entry, Daylight, Finished, Apartment, Walk-Out Access
Appliances Dishwasher, Exhaust Hood, Gas Range, Microwave, Refrigerator
Lot features Cleared
Elementary school Weaverville/N. Windy Ridge
Middle school North Buncombe
High school North Buncombe
Directions GPS will locate correctly -- From downtown Weaverville, head south on S Main St for 1/2 mile. Turn Left on Phipps St. #33 will be on right
Standard status Active
APN 9742-24-8915-00000
Lot size 0.36 Acres

Taxes and HOA fees

Tax Description DEED DATE: 02/18/2003 DEED: 3098-0589 SUBDIV: J W PHIPPS PROPERTY BLOCK: LOT: 22 SECTION: PLAT: 0001-0014
Legal Description DEED DATE: 02/18/2003 DEED: 3098-0589 SUBDIV: J W PHIPPS PROPERTY BLOCK: LOT: 22 SECTION: PLAT: 0001-0014

Utilities

Utilities Propane
Heating system Ductless (Heating)
Cooling system Ductless
Water source Public

Building Details

Year built 1946
Number of units 2
Flooring type Tile, Vinyl, Wood
Building materials Wood
Roof type Metal
Listing Agency: Keller Williams Professionals · Keller Williams Realty
Listed By: Michael Shoffner
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 6:06PM
MLS# 4437251

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 1946 wood-frame duplex pairs a two-bedroom, one-bath main residence with a one-bedroom, one-bath basement apartment. The main home has been renovated with a metal roof, updated insulation, HVAC, and windows. Its kitchen features tile flooring, quartz counters, a serving bar, and new appliances; hardwood floors are present in the living room and bedrooms. The lower unit has a separate entrance and driveway, a full kitchen with an eat-at bar, a large bedroom, an ensuite bath with a walk-in shower, and laundry connections.

The property includes an additional lot and totals 0.36 acres. Downtown Weaverville is approximately half a mile away, with dining, galleries, shops, and a bakery. Lake Louise’s park and walking trails are also nearby.

Key Highlights

  • Two‑bedroom, one‑bath main home plus a one‑bedroom, one‑bath basement apartment
  • Separate entrance and driveway for the basement apartment
  • 1946 construction with new metal roof, insulation, HVAC, and windows

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 28787, NC

21,948
Population
10,863
Households
2
Avg Household Size
47
Median Age
44%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
276
Density / Sq Mi
$75,051
Median Household Income
$39,724
Median Earnings
$1,198
Median Rent
$379,300
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?
Duplex - A separate-entry apartment and its own driveway provide a distinct second living space alongside the main home.
Where is this duplex located?
The property is located at 33 Phipps Street Weaverville, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath main home plus a one‑bedroom, one‑bath basement apartment; Separate entrance and driveway for the basement apartment; 1946 construction with new metal roof, insulation, HVAC, and windows
More about this property
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