Duplex with Updated Lower
New
For Sale
$345,000
8 Maple Crescent Street, Asheville, NC 28806
Two apartments offer separate layouts, including a lower one-bedroom unit and an upper unit with dining and living areas.
Property Size1,144 SF
Price / SF$301.57
Days on Market2
Property Features for 8 Maple Crescent Street
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1954
Listing Agency:
Town and Mountain Realty
Listed By:
Leah Miller · License #CARllmiller
Source:
Carolinacoastalgroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 7:56PM
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 Town and Mountain Realty
Investment Insights
Based on property information with market context.
This 1,144-square-foot duplex, built in 1954, contains two apartments. The lower unit has one bedroom and one bathroom, with updated carpet, vinyl flooring, paint, and bathroom finishes. Upstairs, the larger unit includes a bedroom, dining space, kitchen, and living room.
The property is on Maple Crescent Street, about 1.5 blocks from Haywood Road in West Asheville. Nearby destinations include parks, restaurants, coffee shops, bus stops, and a library.
The property is on Maple Crescent Street, about 1.5 blocks from Haywood Road in West Asheville. Nearby destinations include parks, restaurants, coffee shops, bus stops, and a library.
Key Highlights
- 1,144‑square‑foot duplex built in 1954
- Lower apartment has one bedroom and one bathroom, with updated flooring, paint, and bathroom finishes
- Upper apartment includes a bedroom, dining area, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,858
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,160
$257.2K
Cap Rate 7%
$183,686
$183.7K
Cap Rate 9%
$142,867
$142.9K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$20.9K $18.24/SF
− Vacancy
−$2.5K −$2.18/SF
EGI
$18.4K $16.06/SF
− OpEx
−$5.5K −$4.82/SF
NOI
$12.9K $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%
$257,160
Cap Rate 7%
$183,686
Cap Rate 9%
$142,867
Alternative Uses
Best Use
Multifamily LT 5
$183.7K
$160.7K – $214.3K
NOI $12,858 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$159.3K
$139.4K – $185.9K
NOI $11,152 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$361.7K
$316.5K – $422.0K
NOI $25,322 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
829
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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Cap Rate, Value Estimation, Potential NOI and more
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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 apartments offer separate layouts, including a lower one-bedroom unit and an upper unit with dining and living areas.
Where is this duplex located?
The property is located at 8 Maple Crescent Street Asheville, NC.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,144‑square‑foot duplex built in 1954; Lower apartment has one bedroom and one bathroom, with updated flooring, paint, and bathroom finishes; Upper apartment includes a bedroom, dining area, kitchen, and living room
