Remodeled Triplex with Private
For Sale
$599,900
71 Harvey Osteen Road, Zirconia, NC 28790
Three updated rental units offer flexible layouts, refreshed kitchens and convenient access to Hendersonville, Flat Rock and Saluda.
Property Size1,976 SF
Lot Size1.40 Acres
Price / SF$248.51
Days on Market51
Property Features for 71 Harvey Osteen Road
General Information
Standard status
Active
Size
1,976 SF
Lot size
1.40 Acres
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
wood-burning fireplace
Level, Open Lot, Rolling Slope
Metal
Screen Door(s)
Septic Installed
Additional parcels description:, Parcel Number: 9945069, Assessed Value: $225,300, Zoning: R-2 Rural
Tile, Vinyl
Ductless
Heat Pump
In Basement
Listing ID: CAR4418072, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, 41 days on market, Special Conditions: Subject to Lease
Driveway
Elementary School: Hillandale, Middle School: Flat Rock, High School: East Henderson
Apartment, Exterior Entry, Walk-Out Access
3 total bedrooms
Built in 1976, Living area: 2414, Construction Materials: Wood
County/Parish: Henderson
Elevation: 1500
3 full bathrooms
Water Source: Shared Well
Other - See Remarks
Basement, Permanent
Management, Trash Collection, Other - See Remarks
Allowed: Yes
All Utilities
Road Responsibility: Private Maintained Road, Road Surface: Gravel, Paved
Patio/Porch Features: Deck, Front Porch, Patio, Rear Porch
Smoke Detector(s)
Dishwasher, Electric Range, Microwave, Refrigerator
Building Details
Building Size
1,976 SF
Year Built
1976
Buildings
1
Listing Agency:
RE/MAX Results
(828) 489-3131
Listed By:
Amanda Hill · License #245587
(828) 231-2017
Source:
Blackstreaminternational
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 20 at 11:06PM
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 Results
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Investment Insights
Based on property information with market context.
This 2,414-square-foot triplex contains three remodeled rental units under one roof, each arranged with a private entrance, one bedroom, one full bath, a great room with dining area and a bonus room. Kitchens include soft-close cabinetry, solid-surface countertops and appliances. Updated flooring and tiled-shower bathrooms carry through the units, while Units 1 and 2 retain wood-burning fireplaces.
The property occupies approximately 1.40 acres at 71 Harvey Osteen Road in Zirconia, North Carolina, with an easy drive to Hendersonville, Flat Rock and Saluda. Shopping, dining and outdoor recreation are also accessible from the property. A metal roof was installed in 2022, and mini-split systems were added in 2024. Existing leases apply.
The property occupies approximately 1.40 acres at 71 Harvey Osteen Road in Zirconia, North Carolina, with an easy drive to Hendersonville, Flat Rock and Saluda. Shopping, dining and outdoor recreation are also accessible from the property. A metal roof was installed in 2022, and mini-split systems were added in 2024. Existing leases apply.
Key Highlights
- Three remodeled rental units with separate private entrances
- Each unit includes 1 bedroom, 1 full bath, great room, dining area and bonus room
- Updated kitchens feature soft‑close cabinetry, solid‑surface countertops and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,687
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,740
$433.7K
Cap Rate 7%
$309,814
$309.8K
Cap Rate 9%
$240,967
$241.0K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$5.2K −$2.17/SF
EGI
$31.0K $12.83/SF
− OpEx
−$9.3K −$3.85/SF
NOI
$21.7K $8.98/SF
Area
Henderson County, NC
Vacancy
14.44%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,740
Cap Rate 7%
$309,814
Cap Rate 9%
$240,967
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.5K
NOI $21,687 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$274.1K
$239.8K – $319.8K
NOI $19,185 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 28790, NC
3,128
Population
1,728
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
97%
High-School Grad
47.6 sq mi
ZIP Area
66
Density / Sq Mi
$98,115
Median Household Income
$35,186
Median Earnings
$1,242
Median Rent
$412,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated rental units offer flexible layouts, refreshed kitchens and convenient access to Hendersonville, Flat Rock and Saluda.
Where is this triplex located?
The property is located at 71 Harvey Osteen Road Zirconia, NC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three remodeled rental units with separate private entrances; Each unit includes 1 bedroom, 1 full bath, great room, dining area and bonus room; Updated kitchens feature soft‑close cabinetry, solid‑surface countertops and appliances
