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40 photos

$2,349,000

Cullowhee, NC 28723
Listed by Brian K. Noland · Howard Hanna Beverly-Hanks Waynesville
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1971

About this home

Own a prime multifamily property in the heart of Western Carolina University’s vibrant campus in Cullowhee, NC. This student apartment complex is ideally located to meet the rising demand for premium, walkable housing. With limited campus parking, its central location ensures 100% occupancy and strong rental income, offering immediate cash flow and excellent returns for investors. The property also boasts significant long-term development potential. Its unique campus position is perfect for innovative commercial or enhanced residential projects, potentially becoming a cornerstone of WCU’s growth.

Property details

MLS #
CAR4292072
Property type
Special Purpose
Subdivision
N/A
Status
Active
Days on market
53
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Cullowhee Valley School
1.02 mi away · Grades 0-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
622
Student:teacher ratio
15.9:1
District
Jackson County Public Schools
Middle
Catamount School
3.3 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
53
Student:teacher ratio
10.6:1
District
Catamount School
High
Jackson Co Early College
3.15 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.1
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
100
Student:teacher ratio
25.0:1
District
Jackson County Public Schools

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Est. monthly payment
$14,296/mo
$469,800 down
$1,879,200 loan
Principal & interest$12,188
Property tax (est.)$1,958
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated October 6, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.