205 Old Fort Road
About This Property
Step outside and you've got a private fire pit surrounded by some of the best mountain views Fairview has to offer. Whether you're starting the morning with coffee on the porch or ending the evening by the fire under the stars, this property delivers the kind of outdoor living that's hard to find at any price point.
Fairview sits just minutes from Asheville but offers the peace and quiet that most people move to Western North Carolina for in the first place. The combination of interior comfort, outdoor space, and unbeatable views makes this one stand out.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Price Decreased |
$349,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$359,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 7, 2026 | Price Decreased |
$364,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by Casey Group Real Estate NC LLC | $369,000 | |
| Listed by Casey Group Real Estate NC LLC | |||
| Oct 25, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017