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Mills River, NC

Multifamily

Mills River, NC Multifamily Properties for Sale

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Hendersonville, NC Horse Shoe, NC Arden, NC Fletcher, NC Etowah, NC Laurel Park, NC Manson, NC Pisgah Forest, NC

Triplex with Two Additional Homesites

Updated: Jul 17

Triplex with Two Additional Homesites

86 Sterling Drive, Mills River, NC 28759

$319,000

1.15 AC lot

1.15 acres in MR‑MU zoning
Main home built in 1965; 3 bedrooms and 1 full bath; covered front porch
Two additional homesites, each with its own address, power service, and septic; share one water well
Older mobile homes on the additional homesites; one with floor damage and one with smoke damage
Estate sale sold As‑Is; main home vacant since winter

Mills River Land with Development Potential

Updated: Sep 19, 2025

Mills River Land with Development Potential

467 Butler Farm Road, Mills River, NC 28759

$2,400,000

12.00 AC lot

12 acres bordering 170+ acres of State Horticulture land.
Proximity to Asheville Airport and I‑26 Airport Road exit.
Development potential for industrial or multi‑family use.
Includes 3 houses, barn, and workshop.
Rolling pasture with views.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 2 Active listings in Mills River, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex Mountain Property with Waterfall

Triplex Mountain Property with Waterfall

1480 Davis Mountain Road, Hendersonville, NC 28739

$975,000

8.49 AC lot

Unrestricted 8.49-acre mountain property with private waterfall, multiple homesites, and short-term rental allowance.

Two-Unit Residential Income Property

Two-Unit Residential Income Property

1745 Meadowbrook Terrace, Hendersonville, NC 28792

$284,000

2,420 sqft 0.34 AC lot

Elevated duplex on a concrete, metal-roof property with one-level layout and on-site parking.

Multifamily Asset in South Asheville

Multifamily Asset in South Asheville

2147 Brevard Rd, Arden, NC 28704

Contact for pricing

12,372 sqft

10-unit multifamily asset with value-add potential in high-growth area.

Modern Container Tiny Home Retreat

Modern Container Tiny Home Retreat

8-10 George Allen Ridge, Unit A & B, Arden, NC 28704

$495,000

Two designer turnkey tiny homes with city water and sewer, plus outdoor decks and added development flexibility.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

Agricultural Land with Beaverdam Creek

Agricultural Land with Beaverdam Creek

Beaverdam Road, Canton, NC 28716

$599,000

12.50 AC lot

Rolling farm land with Beaverdam Creek and utilities available, including city water, sewer, natural gas, and high-speed internet.

Fenced Agricultural Land

Fenced Agricultural Land

1557 Shoal Creek Road, Balsam Grove, NC 28708

$325,000

8.50 AC lot

Partially cleared acreage with fencing, streams, a pond, and direct access from Shoal Creek Road.

Clyde, NC Riverfront Acreage

Clyde, NC Riverfront Acreage

347 Richland Creek Road, Clyde, NC 28721

$750,000

18.15 AC lot

18.15 acres with 1,000+ feet of Pigeon River frontage.

Off-Market Properties in Mills River, NC

Consider similar Off-Market properties in Mills River, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

72 Moody Park Dr

MOBILE HOME PARK, TRAILER PARK

72 Moody Park Dr, Mills River, NC 28759-6727

$285,000

Estimated value

3.70 AC lot

49 Moody Park Dr

MOBILE HOME PARK, TRAILER PARK

49 Moody Park Dr, Mills River, NC 28759-6727

Value Estimation by Request

0.91 AC lot

17 Izzy Dr

MOBILE HOME PARK, TRAILER PARK

17 Izzy Dr, Mills River, NC 28759-4276

$850,000

Estimated value

9 sqft 2.55 AC lot

37 Goode Dr

MOBILE HOME PARK, TRAILER PARK

37 Goode Dr, Mills River, NC 28759-6729

$295,000

Estimated value

12 sqft 3.63 AC lot

37 Pleasant Pl Dr

MOBILE HOME PARK, TRAILER PARK

37 Pleasant Pl Dr, Mills River, NC 28759

$220,000

Estimated value

4 sqft 2.06 AC lot

24 Sunscape Path

MOBILE HOME PARK, TRAILER PARK

24 Sunscape Path, Mills River, NC 28759-4194

$265,000

Estimated value

2.46 AC lot

52 Sarah Marie St

MOBILE HOME PARK, TRAILER PARK

52 Sarah Marie St, Mills River, NC 28759-4935

$265,000

Estimated value

0.43 AC lot

12 Rachels Dr

MOBILE HOME PARK, TRAILER PARK

12 Rachels Dr, Mills River, NC 28759-4177

$5,020,000

Estimated value

936 sqft 1.04 AC lot

57 Knl Rdg Rd

MOBILE HOME PARK, TRAILER PARK

57 Knl Rdg Rd, Mills River, NC 28759-8525

$270,000

Estimated value

19.73 AC lot

Mills River, NC Multifamily Properties Market Trends and Statistics

Explore 11 multifamily properties for sale in Mills River, NC on our real estate platform.

Sale prices for multifamily properties in Mills River, NC start at $319,000, averaging $1,359,500, and reaching up to $2,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 26K

Population Growth (5Y) +3.4%

Median Household Income $82,219

College Educated 56.0%

High-Yield Neighborhoods for Investment

Identify Mills River submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
28759	$1.4M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Henderson County

New Delisted

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