Listing Agency: Keller Williams Biltmore Village

Listed By: Donna Prinz · License #NC 207009 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:15AM

Report an Issue

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 Biltmore Village

Investment Insights

Based on property information with market context.

This multifamily property contains five residential units in a combination of site-built and manufactured housing. The primary residence offers two bedrooms and two bathrooms, with a connected apartment providing one bedroom and one bathroom. Two additional site-built homes each include two bedrooms and one bathroom. A single-wide is also part of the property and may be refurbished or removed under the stated six-month replacement requirement following demolition.

Three of the five units are currently occupied at below-market rental rates. The property is served by city water and sewer and includes potential for lot leases. The site is located in Asheville, North Carolina.

Key Highlights

• Five‑unit multifamily property with three units currently rented
• Main residence includes 2 bedrooms and 2 bathrooms
• Attached apartment offers 1 bedroom and 1 bathroom

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 28805, NC

18,554

Population

10,737

Households

1.7

Avg Household Size

48

Median Age

49%

College-Educated

96%

High-School Grad

26.5 sq mi

ZIP Area

700

Density / Sq Mi

$67,104

Median Household Income

$35,897

Median Earnings

$1,198

Median Rent

$360,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Medical Office with Highway Signage

364 Weaverville Rd, Asheville, NC 28804

$850,000

2,883 SF

View details

Office Condominium with Private Offices

64 Clingman Ave Unit 101, Asheville, NC 28801

$775,000

3,326 SF

View details

Renovated Two-Tenant Storefront Property

645 & 647 Haywood Rd, Asheville, NC 28806

$750,000

2,250 SF

View details

Flex Space with Warehouse and Office

5 Woodland Drive Unit C, Asheville, NC 28806

$1,200,000

10,000 SF

View details

Live-Work Mixed-Use Property

28 N Lexington Avenue, Asheville, NC 28801

$1,500,000

3,400 SF

View details

Warehouse on Highway Business Site

91 New Leicester Highway, Asheville, NC 28806

$2,000,000

13,540 SF

View details

Medical Office Condominium

7 McDowell Street 100/300, Asheville, NC 28801

$2,140,000

6,410 SF

View details

Creative Office Space with Skylights

1b-19 Rankin Avenue, Asheville, NC 28801

$2,400,000

4,768 SF

View details

Classic Isis Theater on Haywood

743 Haywood Road, Asheville, NC 28806

$2,799,999

7,937 SF

View details

Remodeled Seven-Office Suite

5 G2 Doctors Park G2, Asheville, NC 28801

$460,000

1,482 SF

View details

Ground-Floor Office Condo

2 Walden Ridge Dr Unit 115, Asheville, NC 28803

$449,000

1,591 SF

View details

Two-Story Medical Office

7 Walden Ridge Drive Unit 200, Asheville, NC 28803

$1,095,000

3,551 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Mixed residential configuration with city water and sewer service.

Where is this multifamily property located?

The property is located at 688 Upper Grassy Branch Extension Asheville, NC.

What are key features of this property?

This property features: Five‑unit multifamily property with three units currently rented; Main residence includes 2 bedrooms and 2 bathrooms; Attached apartment offers 1 bedroom and 1 bathroom