Four-Unit Multifamily
New
For Sale
$675,000
332 S Beaumont St, Asheville, NC 28801
Rear decks, mountain and downtown views, and upper-level parking serve the four-unit rental property.
Property Size2,640 SF
Price / SF$255.68
Days on Market2
Property Features for 332 S Beaumont St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$45,600
Average Monthly Rent
$950
Additional Details
Multifamily Units
4
Amenities
rear decking
off-street parking
Building Details
Year Built
1986
Tenancy
Multi
Listed By:
BluAxis Realty
(828) 600-5021
Source:
Bluaxisrealty
Added: Sep 26
Last Checked: Sep 26 at 2:13PM
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 BluAxis Realty
Investment Insights
Based on property information with market context.
This 1986 multifamily property contains four units and 2,640 square feet. Sliding glass doors connect each unit to rear decking, with mountain and downtown views. One unit has updated paint and flooring. The upper level provides off-street parking for 6+ vehicles.
The property is less than a mile from Pack Square in downtown Asheville. All four units are occupied by long-term tenants, with monthly rents of $825, $825, $850, and $1,300. The owner pays city water, sewer, trash, and electricity for one unit.
The property is less than a mile from Pack Square in downtown Asheville. All four units are occupied by long-term tenants, with monthly rents of $825, $825, $850, and $1,300. The owner pays city water, sewer, trash, and electricity for one unit.
Key Highlights
- Four units totaling 2,640 square feet
- Built in 1986
- Currently occupied by long‑term tenants
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
$29,673
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
4.40%
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%
$593,460
$593.5K
Cap Rate 7%
$423,900
$423.9K
Cap Rate 9%
$329,700
$329.7K
Market Conditions
NOI Build-Up for 2,640 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
$48.2K $18.24/SF
− Vacancy
−$5.8K −$2.18/SF
EGI
$42.4K $16.06/SF
− OpEx
−$12.7K −$4.82/SF
NOI
$29.7K $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%
$593,460
Cap Rate 7%
$423,900
Cap Rate 9%
$329,700
Alternative Uses
Best Use
Multifamily LT 5
$423.9K
$370.9K – $494.6K
NOI $29,673 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$367.7K
$321.7K – $428.9K
NOI $25,736 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$834.8K
$730.5K – $973.9K
NOI $58,436 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,370
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Rear decks, mountain and downtown views, and upper-level parking serve the four-unit rental property.
Where is this quadplex located?
The property is located at 332 S Beaumont St Asheville, NC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units totaling 2,640 square feet; Built in 1986; Currently occupied by long‑term tenants
