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    Old Fort, NC
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    Old Fort, NC Multifamily Properties for Sale

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    Marion, NC Black Mountain, NC Sparta, NC Nebo, NC Montreat, NC Brevard, NC Robbinsville, NC Lake Lure, NC
    12-Unit Apartment Building Under Construction
    Updated: Sep 14
    12-Unit Apartment Building Under Construction

    73 W Mitchell Street, Old Fort, NC 28762

    $3,000,000
    12‑unit apartment development under construction
    Fully permitted property at 73 W Mitchell Street, Downtown Old Fort
    Each unit includes a private single bedroom, walk‑in shower, full kitchen, and stackable washer and dryer
    Personal deck and dedicated front‑door parking for each unit
    Units may be purchased individually, as multiple units, or as the entire development
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    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 12 Potential Opportunities for your consideration. Besides 1 Active listings in Old Fort, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 3 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.

    Managed Short-Term Rental Cabins
    Managed Short-Term Rental Cabins

    5 Chaucer Rd, Black Mountain, NC 28711

    $1,900,000
    2,918 sqft

    Six furnished cabins offer wooded privacy, seasonal mountain views, and walkable access to Village of Cheshire amenities.

    View details
    Campground With RV Hookups
    Campground With RV Hookups

    231 Fibber Magee Drive, Union Mills, NC 28167

    $1,500,000
    2,000 sqft

    Established outdoor lodging property with cabins, guest amenities, and full-service RV accommodations.

    View details
    Campground With RV Hookups
    Campground With RV Hookups

    231 Fibber Magee Drive, Union Mills, NC 28167

    $1,500,000
    15.00 AC lot

    Established outdoor hospitality property with lodging, recreation, guest facilities, and full-service RV accommodations.

    View details
    Rural Duplex with Garage Apartment
    Rural Duplex with Garage Apartment

    2380 Old Fort Road, Black Mountain, NC 28711

    $850,000
    37.71 AC lot

    A detached garage with an apartment above adds a separate living space to the rural property.

    View details

    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.

    Unrestricted Land with Creek
    Unrestricted Land with Creek

    V/L Southern Way, Nebo, NC 28761

    $750,000
    97.80 AC lot

    Two tracts combine rolling terrain, a small creek, and access to Highway 226 South and Interstate 40.

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    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.

    View details
    Unrestricted Acreage with Highway Frontage
    Unrestricted Acreage with Highway Frontage

    Lot 2 Doggett Grove Road, Forest City, NC 28043

    $45,000
    1.93 AC lot

    1.93 acres with city water and highway frontage.

    View details

    Off-Market Properties in Old Fort, NC

    Consider similar Off-Market properties in Old Fort, 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.

    Hwy 70
    GARDEN APT, COURT APT (5+ UNITS)

    Hwy 70, Old Fort, NC 28762

    Estimated value:
    $390,000
    2,770 sqft 0.83 AC lot
    View details
    576 Orch St
    GARDEN APT, COURT APT (5+ UNITS)

    576 Orch St, Old Fort, NC 28762-6868

    Estimated value:
    $345,000
    7,620 sqft 0.82 AC lot
    View details
    34 Vfw Dr
    GARDEN APT, COURT APT (5+ UNITS)

    34 Vfw Dr, Old Fort, NC 28762-0658

    Estimated value:
    $245,000
    2,352 sqft 0.13 AC lot
    View details
    5890 Us 70th W
    GARDEN APT, COURT APT (5+ UNITS)

    5890 Us 70th W, Old Fort, NC 28762-7806

    Estimated value:
    $340,000
    1,918 sqft 3.00 AC lot
    View details

    Old Fort, NC Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Old Fort, NC on our real estate platform.

    Sale prices for multifamily properties in Old Fort, NC average $3,000,000 — 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

    Apartment buildings 1
    Short term rental properties 1

    Demographics Overview

    Population 6,305
    Population Growth (5Y) -9.4%
    Median Household Income $52,269
    College Educated 24.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    28762 $3M

    Taxes & Financing

    Tax Rate (average for all types) 0.67%
    Property Tax per SF $11.60 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McDowell County

    New Delisted

    Total CRE Inventory on Market (SF)

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