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Multifamily Property with Apartments
New
For Sale
$880,000

57 Sleepy Gap Road, Arden, NC 28704

Two buildings provide a primary residence, two separate apartments, and garage-workshop space.

Property Size1,925 SF
Price / SF$457.14
Days on Market2

Property Features for 57 Sleepy Gap Road

General Information

Standard status Active
Size 1,925 SF
Property subtype Residential Income

Units

Unit Mix 1 x 3BR/2BA, 1 x 1BR/1.5BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Buildable Units 2

Amenities

well water
fire pits
trails
deck
wood stove
garage/workshop
Apartment
1
528
Yes
5
Multiple Locations
Gas Log,Living Room,Wood Burning
845
1080
Level,Private,Rolling Slope,Sloped,Wooded
Well
2.36
Side Entry
Irregular
Driveway,Detached Garage,Other - See Remarks
Other,Paved
Basement
1925
Publicly Maintained Road

Building Details

Building Size 1,925 SF
Year Built 1984
Buildings 2
Listing Agency:
Listed By: Amber Johnson
Source: Makethemoverealty
Added: Oct 29 Last Checked: Oct 29 at 2:33PM

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 Amber Johnson

Rey
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Investment Insights

Based on property information with market context.

Set on 2.36 acres across four parcels, this wooded multifamily property includes a main home and a second building. The main home has three bedrooms and two bathrooms, plus a finished basement apartment with one bedroom and 1.5 bathrooms. The other building combines a garage and workshop with a separate one-bedroom, one-bathroom apartment. A deck links the buildings, and both have metal roofs. The property is served by a well and includes two fire pits and trails.

Two of the parcels are described as buildable lots. The property is located near Biltmore Park and about 20 minutes from downtown Asheville. A wood stove provides secondary heat for the main home. The property is identified as suitable for a home business or rental income use.

Key Highlights

  • Four parcels totaling 2.36 acres, including two buildable lots
  • Main home has 3 bedrooms and 2 bathrooms, plus a finished 1‑bedroom, 1.5‑bath basement apartment
  • Second building includes a garage‑workshop and a separate 1‑bedroom, 1‑bath apartment

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 28704, NC

23,734
Population
11,514
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
30.1 sq mi
ZIP Area
789
Density / Sq Mi
$79,088
Median Household Income
$39,072
Median Earnings
$1,369
Median Rent
$343,600
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?
Multifamily property - Two buildings provide a primary residence, two separate apartments, and garage-workshop space.
Where is this multifamily property located?
The property is located at 57 Sleepy Gap Road Arden, NC.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Four parcels totaling 2.36 acres, including two buildable lots; Main home has 3 bedrooms and 2 bathrooms, plus a finished 1‑bedroom, 1.5‑bath basement apartment; Second building includes a garage‑workshop and a separate 1‑bedroom, 1‑bath apartment
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