Excellent investment opportunity in the Village of Flat Rock . This three-unit property features a strong rental history with consistent occupancy and income. Can be short term or long term occupancy. The upper unit offers 3 bedrooms and 2 baths, while the two lower units are each 1 bedroom, 1 bath—providing a desirable mix for tenant flexibility and income stability. Property amenities feature outdoor swimming pool, tennis, beach and fire pit area, fishing and canoeing lake all on 8 acre picturesque compound. Conveniently located near Hendersonville shopping, dining, and local amenities. Ideal for investors seeking a proven income-producing property.
Active
$679,000
115 Old Mill Rd #402-403-401, Flat Rock, NC 28731
5beds
2,478sqft
Triplex
Built in 1960
-- sqft lot
$646,700 Zestimate®
$274/sqft
$1,485/mo HOA
What's special
Fishing and canoeing lakeOutdoor swimming pool
- 72 days |
- 369 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Tania Reid taniareid@kw.com,
Keller Williams Mtn Partners, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4375477
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Cooktop, Electric Oven, Refrigerator
- Laundry: Common Area
Features
- Flooring: Laminate
- Basement: Apartment,Daylight,Walk-Up Access
- Fireplace features: Living Room
Interior area
- Total structure area: 2,478
- Total interior livable area: 2,478 sqft
- Finished area above ground: 1,280
- Finished area below ground: 1,198
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Front Porch, Rear Porch
- Exterior features: Fire Pit, Lawn Maintenance, Tennis Court(s)
- Pool features: Fenced, In Ground
Lot
- Features: Rolling Slope
Details
- Parcel number: 9577417562
- Zoning: Red-Cond
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick Full, Wood
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $1,485 monthly
Location
- Region: Flat Rock
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $555,000
- Date on market: 4/29/2026
- Cumulative days on market: 71 days
- Listing terms: Cash
- Tenant pays: None
- Road surface type: Asphalt, Paved
Estimated market value
$646,700
$614,000 - $679,000
$1,547/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Listed for sale | $679,000$274/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28731
Nearby schools
GreatSchools rating
- 3/10Hillandale ElementaryGrades: PK-5Distance: 0.5 mi
- 6/10Flat Rock MiddleGrades: 6-8Distance: 0.3 mi
- 6/10East Henderson HighGrades: 9-12Distance: 2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Henderson County
- Flat Rock
- 28731
- 115 Old Mill Rd Unit 402-403-401








