18 Mayfield Road
About This Property
Behind years of deferred maintenance is a home with a remarkable floor plan and infinite potential. The main level features two bedrooms, a full bath, kitchen, multiple living areas, a formal dining room, and an expansive sunroom. The lower level offers a bonus room, office or recreation space, a full bath, flex space, and an attached 2-car garage. Upstairs, the entire level is dedicated to the primary suite with a walk-in closet, full bath, and private enclosed balcony.
Outside you'll find multiple decks and patio spaces that could once again become incredible places to enjoy the outdoors with seasonal views.
The location is a winner, just minutes from restaurants, shopping, the interstate, and downtown Asheville.
This is an estate sale, and this home needs significant renovation. There is no power, no functioning HVAC, and utilities are off. Because of that, all square footage is represented as unheated. Showing appointments are required, and caution is advised while touring the property due to extensive deferred maintenance. Most of the personal property may convey with the sale if desired with final details to be negotiated with an offer.
Every masterpiece starts with a blank canvas. Every great comeback starts somewhere. If you've got the vision, the determination, and don't mind rolling up your sleeves, this could be the transformation of the century.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Listed by Keller Williams Professionals | $500,000 | |
| Listed by Keller Williams Professionals | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017