Duplex with Guest
New
For Sale
$1,590,000
56 Maney Avenue, Asheville, NC 28804
Four kitchens and separate living spaces support flexible residential use.
Property Size1,927 SF
Price / SF$396.11
Days on Market4
Property Features for 56 Maney Avenue
General Information
Standard status
Active
Size
1,927 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Amenities
outdoor kitchen
outdoor gathering spaces
Wooded
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 9649-39-1837-00000, Assessed Value: $392,500
Concrete, Tile, Vinyl, Wood
Ductless, Heat Pump
Ductless, Electric, Heat Pump, Natural Gas
Laundry Room, Lower Level
Listing ID: CAR4438442, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 1 day on market, Special Conditions: None
4 open parking spaces, Driveway, Parking Space(s), Shared Driveway
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
Apartment, Exterior Entry, Finished, Interior Entry, Walk-Out Access, Walk-Up Access
7 total bedrooms
Built in 1927, Living area: 4014, Construction Materials: Brick Full, Hardboard Siding
Subdivision: Edgewood Place, County/Parish: Buncombe
4 full bathrooms
Sidewalks
Water Source: City
Gas Vented, Living Room
Basement
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Asphalt, Paved
Patio/Porch Features: Covered, Deck, Front Porch, Rear Porch, Outdoor Kitchen, Rooftop Terrace
Kitchen Island, Open Floorplan
Dishwasher, Disposal, Double Oven, Dryer, Dual Flush Toilets, Exhaust Hood, Gas Range, Oven, Refrigerator, Refrigerator with Ice Maker, Washer, Washer/Dryer
Building Details
Building Size
1,927 SF
Year Built
1927
Listing Agency:
Ivester Jackson Blackstream
(828) 367-9001
Listed By:
Anna Grace · License #299993
(828) 273-5052
Source:
Blackstreaminternational
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:11PM
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 Ivester Jackson Blackstream
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Investment Insights
Based on property information with market context.
At 56 Maney Avenue, this 4,014-square-foot duplex includes a separate guest house and a two-bedroom basement apartment that can connect to or function separately from the main house. Four kitchens serve the property, including a kitchen equipped with Wolf and Sub-Zero appliances. White oak flooring, outdoor gathering areas, and a fully equipped outdoor kitchen add to the property’s residential features. Built in 1927, the property has utilities served through one meter.
The property is near Asheville’s farmers market, dining, and everyday services. Its separate guest house and basement apartment offer distinct accommodation options, while the interior configuration also allows the spaces to be connected.
The property is near Asheville’s farmers market, dining, and everyday services. Its separate guest house and basement apartment offer distinct accommodation options, while the interior configuration also allows the spaces to be connected.
Key Highlights
- 4,014‑square‑foot duplex built in 1927
- Separate guest house and two‑bedroom basement apartment
- Four kitchens, including one with Wolf and Sub‑Zero appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,116
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,320
$902.3K
Cap Rate 7%
$644,514
$644.5K
Cap Rate 9%
$501,289
$501.3K
Market Conditions
NOI Build-Up for 4,014 SF
Gross rent
$73.2K $18.24/SF
− Vacancy
−$8.8K −$2.18/SF
EGI
$64.5K $16.06/SF
− OpEx
−$19.3K −$4.82/SF
NOI
$45.1K $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 Rate 5%
$902,320
Cap Rate 7%
$644,514
Cap Rate 9%
$501,289
Alternative Uses
Best Use
Multifamily LT 5
$644.5K
$564.0K – $751.9K
NOI $45,116 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$559.0K
$489.1K – $652.2K
NOI $39,131 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,850 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
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Business Placement
Demographics for 28804, NC
23,964
Population
11,716
Households
2
Avg Household Size
44
Median Age
60%
College-Educated
93%
High-School Grad
28.7 sq mi
ZIP Area
835
Density / Sq Mi
$79,709
Median Household Income
$37,169
Median Earnings
$1,399
Median Rent
$528,500
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 - Four kitchens and separate living spaces support flexible residential use.
Where is this duplex located?
The property is located at 56 Maney Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 4,014‑square‑foot duplex built in 1927; Separate guest house and two‑bedroom basement apartment; Four kitchens, including one with Wolf and Sub‑Zero appliances
