Two-Unit Duplex with
For Sale
$379,000
Pending
529 Alta Vista Ln, Hendersonville, NC 28791
Each residence includes two bedrooms, two bathrooms, storage, and a dedicated laundry area.
Property Size2,463 SF
Days on Market54
Property Features for 529 Alta Vista Ln
General Information
Standard status
Pending
Size
2,463 SF
Property subtype
Residential
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Keller Williams Mtn Partners, LLC
(828) 290-1000
Listed By:
Sara McCord
(828) 702-0529
Source:
Exprealty
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 1 at 8:21AM
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 Keller Williams Mtn Partners, LLC
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Investment Insights
Based on property information with market context.
This duplex includes two separate residences, each configured with two bedrooms and two bathrooms. Both units provide storage and dedicated laundry areas, with washers and dryers included. Gas log fireplaces serve each living area. The upper residence features hardwood flooring, while the lower unit has newer carpeting. Stainless steel appliances and a large island add functionality to the kitchen.
The property is located near downtown Hendersonville in a residential setting. Together, the two units offer a consistent layout while retaining distinct interior finishes and features.
The property is located near downtown Hendersonville in a residential setting. Together, the two units offer a consistent layout while retaining distinct interior finishes and features.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Gas log fireplace in each unit
- Upper unit features hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,127
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,540
$442.5K
Cap Rate 7%
$316,100
$316.1K
Cap Rate 9%
$245,856
$245.9K
Market Conditions
NOI Build-Up for 2,463 SF
Gross rent
$36.9K $15.00/SF
− Vacancy
−$5.3K −$2.17/SF
EGI
$31.6K $12.83/SF
− OpEx
−$9.5K −$3.85/SF
NOI
$22.1K $8.98/SF
Area
Henderson County, NC
Vacancy
14.44%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,540
Cap Rate 7%
$316,100
Cap Rate 9%
$245,856
Alternative Uses
Best Use
Multifamily LT 5
$316.1K
$276.6K – $368.8K
NOI $22,127 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$279.6K
$244.7K – $326.3K
NOI $19,575 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$820.8K
$718.2K – $957.6K
NOI $57,457 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,428
Businesses Nearby
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Business Placement
Demographics for 28791, NC
14,899
Population
7,268
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
892
Density / Sq Mi
$78,179
Median Household Income
$40,049
Median Earnings
$1,182
Median Rent
$352,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two bathrooms, storage, and a dedicated laundry area.
Where is this duplex located?
The property is located at 529 Alta Vista Ln Hendersonville, NC.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Gas log fireplace in each unit; Upper unit features hardwood flooring throughout
