Renovated Duplex with Flexible
For Sale
$615,000
Pending
77 Trotter Place, Asheville, NC 28806
Two updated units offer separate living arrangements and potential rental use in Asheville’s West Asheville area.
Property Size1,957 SF
Lot Size0.34 Acres
Days on Market36
Property Features for 77 Trotter Place
General Information
Standard status
Pending
Size
1,957 SF
Lot size
0.34 Acres
Property subtype
Duplex
Zoning
RM8
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
Wooded
Composition
Insulated Door(s), Storm Door(s)
Partial
Public Sewer
Additional parcels description:, Parcel Number: 9628-73-6641-00000, Assessed Value: $318,700, Zoning: RM8
Tile, Vinyl, Wood
Ceiling Fan(s), Central Air, Ductless, Electric, Humidity Control, Multi Units
Central, Ductless, Electric, Heat Pump, Humidity Control
Electric Dryer Hookup, In Basement, In Hall, In Unit, Inside, Laundry Closet, Lower Level, Main Level, Multiple Locations, Washer Hookup
Listing ID: CAR4419815, Standard Status: Active Under Contract, MLS Status: Under Contract-Show, Property Subtype: Duplex, 15 days on market, Special Conditions: None
Other Parking: Multiple off street parking spaces. On street parking available as well., Driveway, Keypad Entry, On Street, Parking Space(s)
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
Insulated Window(s)
Apartment, Exterior Entry, Finished, Full, Walk-Out Access, Walk-Up Access
5 total bedrooms
Built in 1957, Living area: 2010, Construction Materials: Block, Hardboard Siding
Subdivision: Horney Heights, County/Parish: Buncombe
3 full bathrooms
Cable Available, Electricity Connected, Water Source: City
Basement, Permanent
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Patio/Porch Features: Front Porch, Patio, Porch, Rear Porch, Side Porch
Carbon Monoxide Detector(s), Radon Mitigation System, Smoke Detector(s)
Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Oven, Refrigerator, Washer, Washer/Dryer
Building Details
Building Size
1,957 SF
Year Built
1957
Buildings
1
Listing Agency:
Patton Allen Real Estate LLC
(828) 348-1154
Listed By:
Jeramy Neugent
(619) 339-7930
Source:
Blackstreaminternational
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 5 at 6:27PM
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 Patton Allen Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 77 Trotter Place in Asheville, this 2,100-square-foot duplex includes an upper residence with 3 bedrooms and 1 bath, plus a lower unit with 2 bedrooms and 2 baths. The lower unit features high ceilings, while both units are supported by newer HVAC systems, newer water heaters, updated insulation, fresh flooring, newer siding, and a newer roof. Two washer and dryer sets are included.
The property occupies a 0.34-acre lot zoned RM8. A flag lot subdivision is pending city approval, and the source information also identifies potential for an ADU. Malvern Park is a few blocks away and includes tennis, pickleball, basketball, a playground, greenway access, and a pavilion; a future aquatic center is planned there. Haywood Road shops, restaurants, breweries, groceries, bars, coffee shops, and boutiques are within less than a mile.
The property occupies a 0.34-acre lot zoned RM8. A flag lot subdivision is pending city approval, and the source information also identifies potential for an ADU. Malvern Park is a few blocks away and includes tennis, pickleball, basketball, a playground, greenway access, and a pavilion; a future aquatic center is planned there. Haywood Road shops, restaurants, breweries, groceries, bars, coffee shops, and boutiques are within less than a mile.
Key Highlights
- 2,100‑square‑foot duplex with upper 3‑bedroom, 1‑bath unit and lower 2‑bedroom, 2‑bath unit
- 0.34‑acre lot zoned RM8
- Flag lot subdivision pending city approval; ADU potential identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,603
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,060
$472.1K
Cap Rate 7%
$337,186
$337.2K
Cap Rate 9%
$262,256
$262.3K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$38.3K $18.24/SF
− Vacancy
−$4.6K −$2.18/SF
EGI
$33.7K $16.06/SF
− OpEx
−$10.1K −$4.82/SF
NOI
$23.6K $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%
$472,060
Cap Rate 7%
$337,186
Cap Rate 9%
$262,256
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,603 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$292.5K
$255.9K – $341.2K
NOI $20,472 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$664.0K
$581.0K – $774.7K
NOI $46,483 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units offer separate living arrangements and potential rental use in Asheville’s West Asheville area.
Where is this duplex located?
The property is located at 77 Trotter Place Asheville, NC.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex with upper 3‑bedroom, 1‑bath unit and lower 2‑bedroom, 2‑bath unit; 0.34‑acre lot zoned RM8; Flag lot subdivision pending city approval; ADU potential identified
