565 Neely Rd

$549,900
Price
1,296 Sq. Ft.
$424 / Sq. Ft.
1,296
Sq. Ft.
$424
per Sq. Ft.

Description

Rare Find in Brevard! NEW Roof & Fresh Exterior Paint! This unique property includes a 3-bedroom home plus 2 additional apartments on an oversized .89-acre city lot. Conveniently located directly across from College Walk, this property offers great investment potential. Features:
3BR main home with character and updates
Two apartments with month-to-month tenants (income potential!) Unfinished storage areas below apartments totaling 883 sq. ft. Oversized city lot – potential for additional structures
...Rare Find in Brevard! NEW Roof & Fresh Exterior Paint! This unique property includes a 3-bedroom home plus 2 additional apartments on an oversized .89-acre city lot. Conveniently located directly across from College Walk, this property offers great investment potential. Features:

3BR main home with character and updates

Two apartments with month-to-month tenants (income potential!) Unfinished storage areas below apartments totaling 883 sq. ft. Oversized city lot – potential for additional structures (with City approval)

Important Notes:

Property is a non-conforming, pre-existing use since zoning is residential (not multi-family). Please consult with the City of Brevard regarding any changes, permitting, or redevelopment plans. Heated Living Area (HLA) is based on the home and one apartment:

Apt #1: Ceiling height 6’9”–6’10” (346 sq. ft. not included in HLA). Apt #2: 175 sq. ft. not included in HLA. Showings:

House and apartments available by appointment.

48-hour notice required to show apartments. This property is perfect for investors, multi-generational living, or those seeking rental income in the heart of Brevard! Also listed in Residential MLS# 4074647
  1. Listed by Deborah Simpson • Simpson Properties of NC • ithinkicaninnc@hotmail.com

Property Details for 565 Neely Road

Parking Features
Driveway
LISTING UPDATED: 12/29/2025 01:44 PM

Property Details for 565 Neely Road

StatusActive
MLS #3937381
Days on Market1073
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1946
Lot Size0.89 AC / 38,768 SF
CountyTransylvania County

Location

Listing Courtesy of Simpson Properties of NC
Add your commute

Building Information for 565 Neely Road

Stories-Residences-Year Built1946Building Size-Lot Size0.89 AC / 38,768 SF

Payment Calculator

$2,846 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,680

Property Taxes

$166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 565 Neely Road

Summary
Location and General Information
  • Longitude: -82.718981
  • Latitude: 35.238424
  • Directions: Asheville Hwy to Neely Road left into driveway across from College Walk.
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $485,450.00
  • Parcel Number: 8586-92-5993
  • City Taxes Paid To: Brevard
School Information
  • Middle Or Junior School: Brevard
  • High School: Unspecified
  • Elementary School: Brevard
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport Spaces: 2.0
  • Parking: Carport YN: Yes
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Sq Ft Unheated Basement: 883
  • Sq Ft Other: 664.0
  • Lot Features: Cleared, Level, Open Lot, Paved
  • Lot Size Acres: 0.89
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 28
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Number Of Completed Units Total: 3
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Partial, Shingle/Shake
  • Patio And Porch Features: Covered, Front Porch, Rear Porch, Other - See Remarks
  • Road Surface Type: Gravel, Paved
  • Roof: Architectural Shingle, Metal
Interior Features
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Water Heater, Oven, Refrigerator, Tankless Water Heater
  • Cooling: Ceiling Fan(s), Heat Pump, Window Unit(s)
  • Heating: Ductless, Floor Furnace, Heat Pump, Natural Gas
  • Laundry Features: In Kitchen, Porch
  • Fireplace Features: Insert, Living Room, Wood Burning
  • Fireplace YN: Yes
  • Flooring: Carpet, Laminate, Linoleum, Vinyl, Wood
  • Foundation Details: Basement
  • Basement YN: Yes
Room Information
Room Information
  • Room Count: 0.0
Multi Family
Multi-Family Information
  • Unit Type: 1 Bedroom, 3 Bedroom
  • Number Of Units Total: 3
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 565 Neely Road

DateEvent & SourcePriceAppreciation
Jan 11, 2025

Price Change

CANOPY #4074647

$549,900
Jan 11, 2025

Price Change

CANOPY #3937381

$549,900
Jul 3, 2024

Listed (Active)

CANOPY #3937381

Jun 30, 2024

Expired

CANOPY #3937381

$560,000
Oct 2, 2023

Listed (Active)

CANOPY #4074647

$560,000
Jan 26, 2023

Listed (Active)

CANOPY #3937381

$585,000
DateEvent & SourcePrice
01/11/2025

Price Change

CANOPY #4074647

$549,900
01/11/2025

Price Change

CANOPY #3937381

$549,900
07/03/2024

Listed (Active)

CANOPY #3937381

06/30/2024

Expired

CANOPY #3937381

$560,000
10/02/2023

Listed (Active)

CANOPY #4074647

$560,000
01/26/2023

Listed (Active)

CANOPY #3937381

$585,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 565 Neely Road

Taxable ValueLand$150,000Additions$335,450Total$485,450
Tax Record2025$1,993 ($166 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,108 SqFtAbove Grade Finished SqFt1,108 SqFtLot Size39,204 SqFtStyleSingle Family ResidenceYear Built1939Year Renovated1980CountyTRANSYLVANIAAPN8586-92-5993-000Fireplace TypeHas Fireplace

Schools near 565 Neely Road

This home is within Transylvania County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - K to 12
Public - PK to 5
Rating
School
Distance
Brevard Elementary
PublicPK to 5

Brevard Middle
Public6 to 8

TCS Online Learning Path
PublicK to 12

Pisgah Forest Elementary
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

565 Neely Road is a multi-family home for sale in Brevard, NC 28712. This property was listed for sale on January 26, 2023 by Simpson Properties of NC, it's currently listed at $549,900. This listing's school district is Transylvania County School District. Nearby schools include Brevard Elementary, Brevard Middle and TCS Online Learning Path. 565 Neely Road is a 5-bed, 3-bath, 1,296 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Simpson Properties of NC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/07/2026 11:38 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.