Building Details

Year Built 1971

Listing Agency: HOWARD HANNA BEVERLY-HANKS WAYNESVILLE b***@allentate.com Show Phone

Listed By: BRIAN K. NOLAND · License #NC 263678

Source: Corcoran

Added: Aug 14, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:33AM

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Investment Insights

Based on property information with market context.

This multifamily property is located in Cullowhee, North Carolina, in the heart of Western Carolina University's campus. The student apartment complex is positioned to meet the demand for walkable housing. Its central location ensures occupancy and rental income, offering cash flow and returns for investors. The property has long-term development potential and is suited for commercial or residential projects.

Key Highlights

• Prime location directly adjacent to Western Carolina University's campus.
• High occupancy rate (100%) due to limited campus parking and demand for walkable housing.
• Strong rental income and immediate cash flow for investors.

Property Analytics

Property Profile

Current Use

Student housing

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Nail Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

238

Businesses Nearby

Explore this area Business Placement

Demographics for 28723, NC

12,297

Population

5,600

Households

2.2

Avg Household Size

25

Median Age

32%

College-Educated

92%

High-School Grad

112.0 sq mi

ZIP Area

110

Density / Sq Mi

$43,539

Median Household Income

$10,908

Median Earnings

$842

Median Rent

$308,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Student apartment complex near Western Carolina University with development potential.

Where is this apartment building located?

The property is located at 44 & 54 Legacy Lane Cullowhee, NC.

What is the asking price?

The asking price for this property is $2,349,000.

What are key features of this property?

This property features: Prime location directly adjacent to Western Carolina University's campus.; High occupancy rate (100%) due to limited campus parking and demand for walkable housing.; Strong rental income and immediate cash flow for investors.