Five-Unit Multifamily Property with
891 Haywood Road Asheville, NC 28806
891 Haywood Road, Asheville, NC, 28806
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For Sale
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Five-unit multifamily building with covered porch, balcony, and ample on-site parking along the Haywood Road corridor.
Property Size3,300 SF
Price / SF$298.48
Days on Market65
Property Features for 891 Haywood Road
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing agency
NAI Beverly-Hanks
(828) 713-0927
Listed by
Karl Nelson, CCIM · License #NC 291784
Source
Crexi
Added: May 19 Updated: Jul 22 at 7:08AM Checked: Jul 22 at 7:08AM
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 NAI Beverly-Hanks
Investment Insights
Based on property information with market context.
This five-unit multifamily property offers well-established residential income along with classic exterior character, including a covered porch and a balcony. The building also provides ample on-site parking, an important practical benefit for residents in an urban corridor setting. The property is described as having existing income, with potential to add a sixth unit.
The asset is positioned in the heart of West Asheville’s Haywood Road corridor, placing residents steps from the area’s restaurants, bars, breweries, galleries, retail, and everyday conveniences.
As a compact, income-producing building, it presents a straightforward multifamily configuration for buyers seeking a small property with an on-site parking advantage and value-add potential noted by the seller.
The asset is positioned in the heart of West Asheville’s Haywood Road corridor, placing residents steps from the area’s restaurants, bars, breweries, galleries, retail, and everyday conveniences.
As a compact, income-producing building, it presents a straightforward multifamily configuration for buyers seeking a small property with an on-site parking advantage and value-add potential noted by the seller.
Key Highlights
- 5‑unit multifamily building built in 1928
- Located along the Haywood Road corridor in West Asheville
- Covered porch and a balcony for residents
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $20.28 |
| − Vacancy | −$8.4k | −$2.56 |
| EGI | $58.5k | $17.72 |
| − OpEx | −$26.3k | −$7.98 |
| NOI | $32.2k | $9.75 |
3,300 SF · lease $20.28/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$459.6K
$402.1K – $536.2K
NOI $32,170 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.1K – $1.22M
NOI $73,045 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit multifamily building with covered porch, balcony, and ample on-site parking along the Haywood Road corridor.
Where is this apartment building located?
The property is located at 891 Haywood Road Asheville, NC.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 5‑unit multifamily building built in 1928; Located along the Haywood Road corridor in West Asheville; Covered porch and a balcony for residents
