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
$644,700 Zestimate®
$274/sqft
$1,485/mo HOA
What's special
Fishing and canoeing lakeOutdoor swimming pool
- 144 days
- 342
- 14
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
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: 143 days
- Listing terms: Cash
- Tenant pays: None
- Road surface type: Asphalt, Paved
Estimated market value
$644,700
$612,000 - $677,000
$1,625/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Listed for sale | $679,000$274/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4375477 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28731
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