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    Three Properties Near Asheville Title is generated by Realmo AI

    6 8 12 Jackson Cove Road, Leicester, NC 28748

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    Claim this Listing
    For Sale
    $1,500,000

    MULTI_FAMILY - Leicester, NC

    Lot size:
    2.56 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    41
    Last Refresh:
    May 18 at 2:06 pm

    Property Features for 6 8 12 Jackson Cove Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    8
    Rooms
    Bathroom 4, Bedroom 4, Bathroom 1, Laundry Room, Bedroom 9, Bathroom 8, Bathroom 2, Bathroom 6, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 10, Bathroom 7, Bedroom 7, Basement, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 1
    Parking features
    Garage - Attached, Driveway
    Pets allowed
    Yes
    Exterior features
    Fire Pit
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Walk-Up Access, Walk-Out Access, Daylight, Exterior Entry, Interior Entry, Unfinished
    Appliances
    Dishwasher, Double Oven, Dryer, Electric Cooktop, Electric Oven, Electric Range, Oven, Refrigerator, Wall Oven, Washer, Washer/Dryer
    Standard status
    Active
    APN
    9710012974, 9710012755, 9710012755
    Lot size
    2.56 Acres

    Taxes and HOA fees

    Tax Description
    Jackson Cove lots 11, 10, 9

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Well

    Building Details

    Year built
    2004
    Number of units
    3
    Flooring type
    Vinyl, Wood
    Building materials
    Cedar Shake, Hard Stucco, Stone Veneer, Vinyl
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Lucas Taylor

    Listing agent Lucas Taylor

    Listing office Keller Williams Professionals 48 Grove St, asheville, NC

    Listing date Apr 8, 2026

    MLS# 4364739 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three adjacent properties offer immediate income from two rental homes ($2,600 and $2,100 per month) and potential for short‑term rental income from the main house.
    • Located outside city limits with no HOA, no city taxes, and no restrictions on short‑term rentals.
    • Main residence features a bonus room, two‑car garage, and unfinished basement with exterior access suitable for conversion.
    • All three homes have open floor plans, tall ceilings, and recent updates.
    • Conveniently located just 15 minutes from Asheville.
    • Mountain views, fenced yards, and a private setting.

    Overview

    This is a rare opportunity to acquire three adjacent properties located just 15 minutes from Asheville. The properties offer a strong investment setup with immediate income and upside. The two rental homes currently generate $2,600 and $2,100 per month. The main house presents an ideal short-term rental or vacation stay opportunity. Located outside city limits with no HOA, no city taxes, and no restrictions on short-term rentals, the property offers flexibility. All three homes feature open floor plans, tall ceilings, and recent updates. The main residence also offers a bonus room, two-car garage, and an unfinished basement with exterior access and high ceilings suitable for additional living space or potential apartment conversion. The property, situated on 2.56 acres in Leicester, North Carolina, features mountain views, fenced yards, and a private setting. It is well positioned for investors seeking both current cash flow and future value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Showroom Daycare Center Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.667765
    Latitude
    35.623379

    Nearby Similar for Sale

    • $445,000

      Leicester Multifamily Investment Opportunity

      Revive existing mobile home park with potential for expansion.
      537 Old Newfound Road, Leicester, NC 28748
      View Details
    • $1,690,000

      Land with Mountain Views

      35+/- acre property with mountain views near Asheville.
      16 Rocking Chair Lane, Leicester, NC 28748
      View Details

    FAQs

    What type of property is this?
    Single family property - Three adjacent properties offer income potential near Asheville.
    Where is this single family property located?
    The property is located at 6 8 12 Jackson Cove Road Leicester, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Three adjacent properties offer immediate income from two rental homes ($2,600 and $2,100 per month) and potential for short‑term rental income from the main house.; Located outside city limits with no HOA, no city taxes, and no restrictions on short‑term rentals.; Main residence features a bonus room, two‑car garage, and unfinished basement with exterior access suitable for conversion.
    (757) 817-0896
    We can help!
    Listing Contact
    Lucas Taylor
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    6, 8, 12 Jackson Cove Road, Leicester, NC 28748
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