6 Neon Place, Waynesville, NC 28786

Local realty services provided by:ERA Live Moore
Listed by: thomas mallette
Office: better homes and gardens real estate heritage
MLS#:4349102
Source:CH
6 Neon Place,Waynesville, NC 28786
$450,000
  • - Beds
  • - Baths
  • 5,000 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$450,000
  • Price per sq. ft.:$90

About this home

Rare multifamily opportunity in the heart of Waynesville: this 0.82-acre parcel features 12 residential rental units within walking distance of the central business district, South Main corridor, and the newly revitalized Waynesville Inn & Golf Club. The site includes a mix of detached cottages and duplex-style structures, offering below-market monthly income with future redevelopment potential. Current rents (11 of 12 units occupied) total $7,480/month, with a mix of one- and two-bedroom layouts. Units 1–3 rent between $850–$900/month, while Units 5–10 average $600–$825/month. Unit 4 rents for $275 and Unit 12 for $550, providing upside in future rent increases. Unit 7 is currently vacant, and Unit 11 is not habitable due to prior flood damage. Roofs are aged, and updates are needed, but many units are serviceable as-is. Tenants are on month-to-month agreements, giving flexibility for repositioning or redevelopment. Zoned for residential and multifamily use (South Main Business

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Home facts

  • Year built:1945
  • Listing ID #:4349102
  • Updated:February 20, 2026 at 03:14 PM

Rooms and interior

  • Living area:5,000 sq. ft.

Structure and exterior

  • Roof:Composition, Metal
  • Year built:1945
  • Building area:5,000 sq. ft.
  • Lot area:0.82 Acres

Schools

  • High school:Tuscola
  • Elementary school:Hazelwood

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$90
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