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Brick Apartment Building Near Downtown
For Sale
$2,350,000

9999 Hazel St, Waynesville, NC 28786

Eleven apartments include one- and two-bedroom layouts with mixed-use commercial zoning.

Property Size9,242 SF
Price / SF$254.27
Days on Market365

Property Features for 9999 Hazel St

General Information

Standard status Active
Size 9,242 SF
Property subtype Residential Income
Zoning mixed use commercial

Property Condition

Severity Repairs Needed
Evidence Ready for some TLC

Units

Unit Mix 10 x 1BR, 1 x 2BR
Multifamily Units 11

Additional Details

Road Access Yes

Building Details

Buildings 1
Construction Brick Traditional
Listing Agency: Estate Realty
Listed By: Mike Bryant · License #166741
Source: Exprealty
Added: Sep 2, 2025 Changed: Aug 31 Last Checked: Aug 31 at 6:22PM

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 Estate Realty

Investment Insights

Based on property information with market context.

This 9,242-square-foot apartment building dates to the 1950s and features brick construction with 10 one-bedroom apartments plus a two-bedroom unit positioned over the garage. On-site parking supports the property, while the building’s current condition offers room for TLC and improvements. Central air conditioning is not installed, and adding it would be an important upgrade for achieving higher rents.

The property is within walking distance of downtown Waynesville shops and restaurants. Mixed-use commercial zoning supports both commercial applications and short-term rentals, subject to applicable requirements. The building provides an established apartment configuration with an additional garage-over unit and a downtown-oriented setting.

Key Highlights

  • 9,242‑square‑foot 1950s brick apartment building
  • 10 one‑bedroom apartments and one two‑bedroom apartment over the garage
  • On‑site parking included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Locksmith Parking Lot & Garage Storage Facility Garden Center Tech Support Center

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

Lease Details

11
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,174
Businesses Nearby

Demographics for 28786, NC

21,204
Population
12,064
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
91%
High-School Grad
73.0 sq mi
ZIP Area
290
Density / Sq Mi
$56,047
Median Household Income
$36,743
Median Earnings
$1,084
Median Rent
$266,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Eleven apartments include one- and two-bedroom layouts with mixed-use commercial zoning.
Where is this apartment building located?
The property is located at 9999 Hazel St Waynesville, NC.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 9,242‑square‑foot 1950s brick apartment building; 10 one‑bedroom apartments and one two‑bedroom apartment over the garage; On‑site parking included
33
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