Single-Level Duplex with Two
575 Sand Hill Rd, Asheville, NC 28806
For Sale
$445,000
Slab construction and zero-stair entry provide practical access across the two residential units.
Property Size1,800 SF
Price / SF$247.22
Days on Market60
Property Features for 575 Sand Hill Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
RE/MAX Executive
Listed By:
Alexandra Schrank · License #284025
(828) 505-1590
Source:
Lewisandkirk
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 13 at 1:59AM
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 RE/MAX Executive
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Investment Insights
Based on property information with market context.
Built in 1982, this 1,800-square-foot duplex contains two matching residential units on a slab foundation with zero-stair entry. Unit B is vacant, recently cleaned and painted, and ready for showings. Unit A has been occupied by the same tenant for approximately 20 years, with a scheduled move creating flexibility for the next owner to occupy, lease, or update the unit. New water lines have been installed, and the property has no reported history of flooding.
The property is located in West Asheville at 575 Sand Hill Road, with access to dining, shopping, and commuter routes. The lot may accommodate an additional structure, garage, or apartment, subject to buyer verification. The duplex configuration can support continued rental use, owner occupancy, or living arrangements involving multiple generations, as directly supported by the existing two-unit layout.
The property is located in West Asheville at 575 Sand Hill Road, with access to dining, shopping, and commuter routes. The lot may accommodate an additional structure, garage, or apartment, subject to buyer verification. The duplex configuration can support continued rental use, owner occupancy, or living arrangements involving multiple generations, as directly supported by the existing two-unit layout.
Key Highlights
- 1800 square feet with two matching residential units
- Built in 1982 on a slab foundation with zero‑stair entry
- Unit B is vacant, cleaned, painted, and available for showings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,231
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,620
$404.6K
Cap Rate 7%
$289,014
$289.0K
Cap Rate 9%
$224,789
$224.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.8K $18.24/SF
− Vacancy
−$3.9K −$2.18/SF
EGI
$28.9K $16.06/SF
− OpEx
−$8.7K −$4.82/SF
NOI
$20.2K $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%
$404,620
Cap Rate 7%
$289,014
Cap Rate 9%
$224,789
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,231 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$250.7K
$219.3K – $292.5K
NOI $17,547 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$569.2K
$498.0K – $664.1K
NOI $39,843 @ 7.0% cap · market cap 8.95%
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
206
Businesses Nearby
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Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Market
Properties on Market for Duplexes in Asheville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Slab construction and zero-stair entry provide practical access across the two residential units.
Where is this duplex located?
The property is located at 575 Sand Hill Rd Asheville, NC.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1800 square feet with two matching residential units; Built in 1982 on a slab foundation with zero‑stair entry; Unit B is vacant, cleaned, painted, and available for showings
