Courtesy of Appalachian Realty Associates.
INVESTMENT OPPORTUNITY! Classic Asheville four-plex walking distance to downtown with great street exposure. Situated on a large .41 acre lot with plenty of off street parking, these four units have tremendous potential. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler. The property is commercially zoned (CB1) and could be converted to commercial use.
INVESTMENT OPPORTUNITY! Classic Asheville four-plex walking distance to downtown with great street exposure. Situated on a large .41 acre lot with plenty of off street parking, these four units have tremendous potential. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler. The property is commercially zoned (CB1) and could be converted to commercial use.
Multifamily
Apartment
1907
--
--
0.41
Active
143
3,212 Sq. Ft.
17,859 Sq. Ft.
Location
- No
- None
- None
- Hot Water, Natural Gas
- Dishwasher, Electric Range, Refrigerator
Gray Tolson
Appalachian Realty Associates
Buncombe
4197890
Average List Price
$756,207
9%
Average Sale Price
$732,860
9%
Days on Market
69
21%
Homes Sold
29
4%
Median List Price
$749,999
23%
Median Sale Price
$736,250
22%
Sale/Price Ratio
97%
0%
Homes for Sale
90
13%
Based on information submitted to the MLS GRID as of 03/31/2025 09:44 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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