Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    71 and 73 Panorama Drive Asheville, NC 28806

    View on Map
    Claim this Listing
    New
    For Sale
    $695,000

    MULTI_FAMILY - Asheville, NC

    Lot size:
    0.36 Acres
    Added:
    May 5, 2026
    Days on Market:
    4
    Last Refresh:
    May 8 at 5:06 am

    Property Features for 71 and 73 Panorama Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    OU
    Bedrooms
    4
    Bathrooms
    6
    Rooms
    Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 6, Bathroom 3, Bathroom 5
    Window features
    Insulated Windows
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Appliances
    Dishwasher, Dryer, Electric Oven, Microwave, Oven, Refrigerator, Washer/Dryer
    Standard status
    Active
    APN
    9720-27-6118-00000
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE: 2022-08-31 DEED: 6254-449 SUBDIV: BLOCK: LOT: SECTION: PLAT: 0000-0000

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2019
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Vinyl

    We can help!

    Listing Contact
    Mike Szabo

    Listing agent Mike Szabo

    Listing office EXP Realty LLC 16 Biltmore Ave Suite #300, Charlotte, NC

    Listing date May 5, 2026

    MLS# 4378085 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

    • Prime location: Just 15 minutes from downtown Asheville
    • Turnkey investment: Fully furnished units ready for immediate rental income
    • Stable cash flow: Both sides are tenant‑occupied with leases in place
    • Modern construction: Built in 2019, ensuring excellent condition
    • Spacious layout: Each side features a 2‑bedroom, 2.5‑bath design
    • Desirable features: Includes modern appliances such as a dishwasher, washer/dryer, electric oven, and refrigerator

    Overview

    Asheville Duplex: Turnkey Investment

    Located 15 minutes from downtown Asheville, this well-maintained duplex built in 2019 presents a turnkey investment opportunity in Western North Carolina. Situated at 71 Panorama Drive, this property offers convenient access to dining, shopping, and outdoor recreation while maintaining a residential feel. Each side features a 2-bedroom, 2.5-bath layout, designed for comfort and functionality. The units are fully furnished, making this an option for investors seeking immediate rental income. Both sides are tenant-occupied with leases in place at market rates, providing consistent cash flow. The property is in excellent condition with modern finishes and low maintenance requirements. The property sits on a 0.36-acre lot. This duplex delivers income potential in a prime location. The property is zoned OU. It is located in Buncombe County, in Asheville, North Carolina, with postal code 28806.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hopetown Homes Vacation Rental

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Daycare Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.626873
    Latitude
    35.639018

    Nearby Similar for Sale

    • $324,500

      Asheville Medical Office Condominium

      Turnkey medical office condo near Mission Hospital in Asheville, NC.
      5 Doctors Park, Asheville, NC 28801
      View Details
    • $4,800,000

      Historic Creative Workspace in Asheville

      Rare investment opportunity in Asheville's vibrant River Arts District.
      109 Roberts Street, Asheville, NC 28801
      View Details
    • $1,500,000

      Downtown Asheville Live/Work Opportunity

      Live/work property in Asheville's vibrant Lexington Avenue district.
      28 N Lexington Avenue, Asheville, NC 28801
      View Details
    • $549,000

      Modern Duplex Near Downtown Asheville

      New construction duplex with income potential near downtown Asheville.
      30 and 32 View Street, Asheville, NC 28804
      View Details
    • $2,700,000

      Prime Asheville Redevelopment Opportunity

      Two parcels totaling 0.78 acres in desirable Grace Neighborhood.
      853 Merrimon Avenue, Asheville, NC 28804
      View Details
    • $250,000

      Riverside Drive Commercial Opportunity

      Commercial property near French Broad River and upcoming attractions.
      704 Riverside Drive, Asheville, NC 28801
      View Details
    • $4,900,000

      Downtown Asheville Mixed-Use Opportunity

      24,000 SF mixed-use building in downtown Asheville for sale.
      124 College Street, Asheville, NC 28801
      View Details
    • $349,000

      Asheville Multifamily Income Property

      Duplex with income potential, convenient location, and outdoor amenities.
      8 Linda Vista Drive, Asheville, NC 28806
      View Details
    • $775,000

      Turnkey Duplex in Desirable Asheville

      Well-maintained duplex with high-end finishes in a convenient location.
      128 Rock Hill Road, Asheville, NC 28803
      View Details
    • $425,000

      Asheville Duplex Near Greenway

      Duplex in West Asheville with greenway access and income potential.
      448 Sand Hill Road, Asheville, NC 28806
      View Details
    • $3,500,000

      Historic Mixed-Use Asset, Asheville, NC

      Fully leased, updated mixed-use property in downtown Asheville.
      9-13 Broadway Street, Asheville, NC 28801
      View Details
    • $600,000

      Asheville Multifamily Investment Opportunity

      High-yield investment property with multiple income streams and upside potential.
      135 Sardis Drive, Asheville, NC 28806
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained 2019 duplex near downtown Asheville. Fully furnished.
    Where is this duplex located?
    The property is located at 71 and 73 Panorama Drive Asheville, NC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime location: Just 15 minutes from downtown Asheville; Turnkey investment: Fully furnished units ready for immediate rental income; Stable cash flow: Both sides are tenant‑occupied with leases in place
    (239) 810-3155
    We can help!
    Listing Contact
    Mike Szabo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    71 and 73 Panorama Drive, Asheville, NC 28806
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!