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Campus-Adjacent Multifamily Portfolio
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Pending

96 Sulphur Springs Rd, Cullowhee, NC 28723

Eleven residential units across two locations offer walkable access to Western Carolina University and established professional management.

Property SizeContact for details
Days on Market143

Property Features for 96 Sulphur Springs Rd

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Todd Baucom Realty, Inc.
Listed By: Todd Baucom · License #NC 159935
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:27AM

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 Todd Baucom Realty, Inc.

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 11 residential units distributed across two locations near Western Carolina University. The unit mix includes four 2-bedroom/1-bath units, one 3-bedroom/2-bath unit, and six 1-bedroom/1-bath units. The properties have been maintained by the current ownership and are operated with professional management in place.

Each location provides walkable access to campus, positioning the residences within the university’s surrounding rental market. The properties are situated in a Federal Opportunity Zone and are offered together as a portfolio, with the individual locations identified as Stedman Drive and Sulphur Springs/Speedwell.

Key Highlights

  • 11‑unit multifamily portfolio near Western Carolina University
  • Unit mix includes four 2/1, one 3/2, and six 1/1 residences
  • Two locations provide walkable access to campus

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Nail Salon Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 28723, NC

12,297
Population
5,600
Households
2.2
Avg Household Size
25
Median Age
32%
College-Educated
92%
High-School Grad
112.0 sq mi
ZIP Area
110
Density / Sq Mi
$43,539
Median Household Income
$10,908
Median Earnings
$842
Median Rent
$308,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Eleven residential units across two locations offer walkable access to Western Carolina University and established professional management.
Where is this multifamily property located?
The property is located at 96 Sulphur Springs Rd Cullowhee, NC.
What are key features of this property?
This property features: 11‑unit multifamily portfolio near Western Carolina University; Unit mix includes four 2/1, one 3/2, and six 1/1 residences; Two locations provide walkable access to campus
(828) 269-2014 Call to check price and availability
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