Asheville Real Estate | Asheville Multi-Family Homes for Sale

Welcome to Historic Sanders Court, this unique property was once a roadside motel established by Harland Sanders (aka Colonel Sanders) in 1940. One of only two Sanders Motels; built when Weaverville Road was a main tourist road to Asheville. This charming 8-unit building currently operates as monthly furnished apartments and includes two 2-bedroom units and six 1-bedroom units. The apartments offer open floor plans, private decks, tiled baths, modern kitchens, hardwood floors, and tasteful furnishings. On-site coin operated laundry for convenience. The just under an acre parcel offers mature landscaping, designated tenant parking, and room for creativity. Easy access to Hwy 25 and I-26: only 6 miles to Downtown Asheville, under 3 miles to Downtown Weaverville, and minutes to near-by restaurants, breweries, and groceries . Imagine the possibilities with this historic 8-unit building in the Town of Woodfin zoned community shopping- permitted uses include lodging and group homes! All furnishings and appliances will convey with the sale. Contact the listing agents for additional information.

375 Weaverville Road, Asheville

Listing courtesy of Moving Mountains Property Group LLC. lisahaganrealty@gmail.com

$985,000

7 Beds ⋅ 4408400 MLS ⋅ ACTIVE Status

Come make this Grand Dame your own or turn it into a fabulous investment in one of Asheville's most popular in-town neighborhoods! Elegant, large living spaces with high ceilings on main level, as well as a massive side covered porch. Wood floors throughout most of home. 3 separate units (see floor plan for details), or could be converted back to stately single family, or possibly large 3-story with an in-law suite below (764 sf). Wonderful, walking neighborhood in Montford-- walkable to restaurants and downtown Asheville. Large lot. Plenty of off street parking. New roof in 2025. Priced well below current tax value!

174 Pearson Drive, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. marie.morris@allentate.com

$1,600,000

6 Beds ⋅ 4406408 MLS ⋅ ACTIVE Status

Positioned just minutes from downtown Asheville, this rare four-unit portfolio offers exceptional flexibility for investors seeking an established short-term rental opportunity in one of Western North Carolina's strongest tourism markets. Comprised of a duplex constructed in 1973 and two independent cottages constructed in the mid-1990s, the property provides four separate accommodations and multiple income streams while allowing for flexible rental strategies, owner occupancy, or a combination of personal use and investment. Guests enjoy convenient access to downtown Asheville, the River Arts District, the Biltmore Estate, the Blue Ridge Parkway, breweries, restaurants, and the area's renowned outdoor recreation, supporting consistent year-round demand. Each residence offers private accommodations designed to creating a diverse guest experience that broadens booking potential. Offered fully furnished and operating as a successful short-term rental portfolio, the property allows for a seamless transition to its next owner while presenting opportunities to further enhance the guest experience over time. With four independent accommodations across two parcels, this is a rare opportunity to acquire a scalable Asheville investment offering flexibility, diversification, and long-term appeal in one of Western North Carolina's most established vacation rental markets.

27,29 & 31 A/B Brown Road, Asheville

Listing courtesy of EXP Realty LLC. tyler@savvy.realty

$949,500

5 Beds ⋅ 4405098 MLS ⋅ ACTIVE Status

Central location in Hot West AVL, one block north of Haywood Road * Four, 1BR apartments approximately 926sf, two first floor and 2nd floor, and one approx. 764sf studio apartment on ground level * Back decks on main and upper units * Approx 300sf of heated, semi-finished area consisting of: boiler, water heater and laundry room * Common laundry area located in basement. one commercial grade washing and drying machines (coin operated) are provided * All five apartments receive quality, natural lighting throughout due to the placement and location of the windows * Original, solid hardwood floors throughout apartments, luxury vinyl tile in the efficiency unit * Three off street parking spaces available; more than adequate street parking available * Potential 350sf of available storage space located in basement

19 Saluda Street, Asheville

Listing courtesy of Asheville Realty Group. INFO@AshevilleRealtyGroup.com

$975,000

8 Beds ⋅ 4405564 MLS ⋅ ACTIVE Status

Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets. Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina's most desirable real estate markets. Whether you're searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential. properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.

214 Short Michigan Avenue, Asheville

Listing courtesy of Ivester Jackson Blackstream. shane@ijbproperties.com

$675,000

6 Beds ⋅ 4405557 MLS ⋅ ACTIVE Status

Tenant-Occupied Asheville Investment Property with Immediate Rental Income! Opportunity awaits at 214 Short Michigan Avenue, a tenant-occupied investment property offering immediate rental income and long-term potential in Asheville. This property is an excellent opportunity for investors seeking an income-producing property, long-term rental, cash-flow investment, or portfolio expansion in one of Western North Carolina's most desirable real estate markets. With an established tenant already in place, the next owner can benefit from a streamlined transition and the advantage of existing rental income from day one. Conveniently located near 144 Hanover Street, this property offers easy access to downtown Asheville, restaurants, shopping, breweries, entertainment, and everyday amenities, making it an attractive option for long-term rental demand. Whether you're a seasoned investor or purchasing your first Asheville rental property, this home provides an opportunity to generate rental income, build equity, and expand your real estate investment portfolio. Rarely do opportunities arise to purchase tenant-occupied Asheville investment properties with portfolio flexibility. Schedule your private showing today and explore the possibilities at 214 Short Michigan Avenue.

144 Hanover Street, Asheville

Listing courtesy of Ivester Jackson Blackstream. shane@ijbproperties.com

$584,900

3 Beds ⋅ 4398328 MLS ⋅ ACTIVE Status

(Seller financing is available. Contact listing agent for details.) Nestled into an ideal and coveted West Asheville neighborhood overlooking the River Arts District, and just a few walkable blocks from shops, restaurants and entertainment, are two rare and artistic townhome units being sold as one, with only one very affordable association fee. Truly a two for one scenario allowing for a multitude of uses. Perfect for multigenerational, Live in one and rent the other or live upstairs and have your dream studio downstairs! This is literally every musician’s and artist’s dream, but it could also be the perfect scenario for a home office separated from the main living space. Perfect balance! Both spaces are lovingly assembled with unique woodwork and tile decor, stainless steel appliances and efficient floor plans. The upstairs 2 bedroom 1.5 bath unit features beautiful water and sky decor, vaulted ceilings, an earthy stone fireplace, a spacious and open kitchen and great room with silestone countertops, high end cabinetry and appliances and a balcony overlooking the backyard. The downstairs 1 bed 1 bath unit features an efficiency plan with a combined space for the kitchen, living and dining areas, and contrasts the upstairs with an earthy tone. Love, love, love is what you see in the custom maple countertops and cabinets and unique light fixtures. Both units have been meticulously maintained and await your vision and appreciation! ~~ In the seller's own words ~~ "Riverview Drive is aloft the grand ole French Broad River, taking flight above the Wedge and the biking trails of the Fat Tire producers of hearty ales flowing into this ideal and desired West Asheville neighborhood. With the River Arts District buzzing down below there is space to explore Archetypes of the finest WAVL has to offer in culinary delights - a Hole in one with donuts and Taco Billy’s Mama’s favorite or a Hop on over to the Owl for croissants with a skip and a trail walk. Culinary explorations lead the way to walkable blocks to shops, restaurants and entertainment. Creative endeavors to move in with a built in community of kindness. Sanctuary. Unique. Custom. Hand made maple countertops below and Silestone counters above. All of the forest represented in the floors. A mosaic of maple, tile, glass, stainless steel appliances and flowing efficient floor plans sings the praises of the creator within. One of two upstairs bedrooms has a west facing balcony and the east bedroom comes with 1.5 bath. Features beautiful water and sky decor, vaulted ceilings with wood accents and floors, an earthy stone fireplace, a spacious and open great room and kitchen with high end maple cabinetry and appliances and a balcony overlooking the backyard. The downstairs 1 bed 1 bath unit features an open floor plan with a combined space for the kitchen, living and dining/office areas, and contrasts the upstairs with an earthy tone, like soft green moss under our toes. Come see the Cosmic whale mural under the treetops above the FBR. Meticulously maintained number eight makes it great with new HVAC efficient system installed this spring. " (Request Brochure to read the remainder of seller's poetic telling of this home). Schedule your showing today and claim this heartfelt home as your own!

127 Riverview Drive Unit #8 & 8B, Asheville

Listing courtesy of Keller Williams Professionals. jakemossman@gmail.com

$1,250,000

4 Beds ⋅ 4397044 MLS ⋅ ACTIVE Status

Three sweet cottages on 1.6 acre lot in a tucked away beautiful creek valley--no through traffic, so its a favorite area for walkers, bicyclists and runners (Along with the deer, bear, turkey, etc.!) The larger cottage is a 2 bedroom, 1 bath home with cathedral ceilings, gas fireplace, large covered front porch, side entry porch, granite counters and hardwood floors (carpet in the bedrooms); this 2 bedroom home has a gas range, refrigerator and dishwasher. The additional 2 cottages are mirror copies of each other--1 bedroom, 1 bath, loft, soaring ceilings, covered front and back porches, granite countertops, hardwood floors on main (loft is carpeted), covered carport and LARGE unfinished storage area on the loft level; both 1 Bdrm units include these appliances: refrigerator, electric range, dishwasher and stacking washer/dryer. The 3 home exteriors were freshly painted in 2024; new HVAC units in all 3 (please see Res'l. Discl. for dates for each unit). Two leases are month-to-month, and one lease transfers to month-to-month on September 1. All units have been consistently rented with long term tenants since their completion in 2009. BONUS covered 'rv-port'/storage and a 768 sq/ft Garage/workshop have easy access from Bull Creek Rd. Many possibilities here...could be vacation rentals, or live in one and rent the other two, or continue with the wonderful income stream of the 3 rental home. EACH unit currently rents for $2000/month, total monthly income $6000.

260 Bull Creek Road, Asheville

Listing courtesy of HomeZu. info@clickitrealty.com

$649,000

4 Beds ⋅ 4390335 MLS ⋅ ACTIVE UNDER CONTRACT Status

Montford is known for its historic homes, and this 1913 Arts and Crafts duplex fits right in, just down the street from All Day Darling and an easy walk to downtown Asheville. The kind of address you build your whole day around. The main-level unit lives like a home of its own. Hardwood floors run through a renovated kitchen with a gas range, island, and breakfast bar, opening to a dedicated dining room and a living room warmed by a wood stove. Two bedrooms (one easily a home office), two full baths, laundry, and a full basement for storage round it out. Upstairs, the second unit has its own private entrance and the same easy livability: a bright living room with big windows and shady Montford views, hardwood floors, a kitchen with a large pantry and breakfast bar, two bedrooms with a walk-in closet, a full bath, and its own laundry. The home fronts two streets, with off-street parking and the everyday entrance around back, plus a fenced yard, both rare and welcome this close to town. Each unit is separately metered for gas, electric, cable, and internet; only water, sewer, and trash are shared. Two new natural gas furnaces from 2023, a metal roof in great shape, and no HOA make this one as sound as it is charming. Live in one and rent the other, or hold both. Either way you're in one of Asheville's most walkable neighborhoods, where summer Shakespeare in the Park, your morning coffee at All Day Darling and downtown Asheville are all just down the street.

102 Courtland Avenue, Asheville

Listing courtesy of Town and Mountain Realty. luiz@luizleonetti.com

$444,000

2 Beds ⋅ 4392051 MLS ⋅ ACTIVE Status

Unique opportunity to own two renovated cottages in historic Homeland Park, Asheville’s original tiny home community. Located minutes from the Blue Ridge Parkway, VA Hospital, Downtown Asheville and Black Mountain. Offered as turn-key 30-day rentals, these two studio/cottages are being sold with most of the furnishings and equipment included. Solid rental income history available. These adorable cabins offer open and efficient living space with vinyl plank flooring, min-splits for heating and cooling, washer/dryers and wonderful back decks surrounded by greenery. 15 Cottage includes off-street parking and a storage shed. Historic Homeland Park Resort was developed in the 1930s and included 65 cabins and cottages where vacationers enjoyed our beautiful mountain setting. 16 Cottage Drive is available for separate purchase (see MLS# 4280433) but 15 Cottage Dr. is only available as a package with 16 Cottage Dr. Solid rental income history. Income and expenses available on request.

15 and 16 Cottage Drive, Asheville

Listing courtesy of Mosaic Community Lifestyle Realty. carol@mymosaicrealty.com

$369,000

5 Beds ⋅ 4385782 MLS ⋅ ACTIVE Status

Rare West Asheville investment opportunity — two homes on one 1.04-acre parcel, with a preliminary survey already completed to divide it into two ~half-acre lots. The main bungalow (2BR/1BA, hardwood floors, mini-split HVAC, sunroom, attached 2-car garage) sits beside a spacious 3BR/2BA manufactured home with its own entrance and kitchen — ideal for multigenerational living, dual rental income, or house-hacking while you finalize the split. Corner lot offers two road frontages, simplifying independent access for each future parcel. Zoned R-3, which already permits manufactured housing on individual lots — no zoning hurdle to clear. Minutes to Haywood Road and downtown Asheville. Sold as one parcel; the subdivision groundwork is already done.

4 and 6 Mountain View Road, Asheville

Listing courtesy of Keller Williams Professionals. jason@newearthavlrealty.com

$550,000

5 Beds ⋅ 4386925 MLS ⋅ ACTIVE Status

Imagine returning home in sought-after North Asheville. A private residence that offers both flexibility and a lifestyle that feels unmistakably Asheville. The property sits just a short walk from Beaver Lake, where locals begin their mornings on shaded trails or linger at the bird sanctuary on quiet afternoons. Mid-century Asheville living with simple lines, a low roofline and a friendly facade feel warm as you approach the home's front door. Anchored by a wide picture window, shaded entry and covered parking that tie the home's practical easy living character together. Soft blue with crisp white accents, this home is a marriage of vintage design and fresh quality. This versatile property gives you options. Live on the main level and rent the lower unit for steady income, rent out both levels as a duplex or plan for the future by converting it back into a single-family home. Each level has its own entry and serene sense of privacy, making it well suited for multigenerational living or long-term tenants. An additional lot next door is also available. Keep it with the home for added space and privacy, subdivide and build, or purchase the home alone. The layout and setting make each choice feel natural in support of your goals. With mature trees, a large, lush, usable yard as home base, and close proximity to shopping, dining, and downtown Asheville, you're going to appreciate the mix of calm and convenience that defines what generations have loved about North Asheville living. This property is being offered with additional lot (PIN 973086152900000) at a price of $660,000 or without the additional lot at $550,000.

26 Elkmont Drive, Asheville

Listing courtesy of NextHome Partners. ZachPenlandRealtor@gmail.com

$749,900

4 Beds ⋅ 4385801 MLS ⋅ ACTIVE Status

Montford Duplex. Opportunity to own a beautiful Montford home that helps pay for itself. Historic Montford close in location. This 2005 build can function as a single family home or duplex. Zoned as a duplex. Large family? Use as a single 4 bedroom/3.5 bath home. Great opportunity to allow lower level apartment to help offset expenses. Apartment is a 1/1 with independent entrance, electric meter, and large private deck. Stairs to lower level apartment to side of home. Upper level unit has open flow kitchen, dining , living on main level. Upper level 3 bed/2 full bath. Relax on the covered front porch or watch birds from small back deck. Large main level kitchen with granite countertops and breakfast bar. This location is very close in to downtown Asheville and a quick jaunt around the corner to All Day Darling . This location is wonderful. Quiet and convenient. Ample storage in basement. Newer roof just 5 yrs old. HVAC for upper levels and Mini split for 1/1 apartment. Large laundry and storage basement level.

25 Houston Street, Asheville

Listing courtesy of DRG Homes & Land. sandra@dwellavl.com

$475,000

4 Beds ⋅ 4385333 MLS ⋅ ACTIVE UNDER CONTRACT Status

Meticulously maintained South Asheville property offering flexibility, income potential, and room to grow. The previous owner occupied the main residence while generating rental income from both the lower-level apartment and detached cottage, creating an ideal opportunity for investors, multi-generational living, or a true house-hack setup. Live comfortably in the main home while offsetting expenses with rental income, or take advantage of the ability to utilize the entire property for personal use. The lower basement provides abundant storage space with additional potential for workshop, studio, hobby use, or future expansion. Situated in a highly desirable South Asheville location convenient to shopping, dining, healthcare, and major corridors, this property combines functionality, versatility, and long-term upside. A rare opportunity priced to support the existing rental structure while still offering exceptional value and future potential.

64 Springside Road, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-North. eddie.delaney@allentate.com

$415,000

3 Beds ⋅ 4382330 MLS ⋅ ACTIVE UNDER CONTRACT Status

Come home to West Asheville! Versatile and full of potential, this 3-bedroom, 2.5-bath split-level home offers a unique opportunity for both homeowners and investors alike. With a separate entrance to the lower level, the layout is ideal for multi-generational living, a private mother-in-law suite, or an income-producing rental while you enjoy the upper level. Set on a generous 0.62-acre lot, the property provides space to relax and expand, with an additional 0.53 acres available for purchase. Whether you’re looking to offset your mortgage, accommodate extended family, or invest in a flexible property, this home delivers both comfort and opportunity in one smart package. See adjacent building lot with an additional .53 acres also available. Property sits just outside the city limits, so lower taxes and you may rent short term!

289 Riverview Church Road, Asheville

Listing courtesy of EXP Realty LLC. ClarissaSellsWNC@gmail.com

$995,000

4 Beds ⋅ 4379070 MLS ⋅ ACTIVE Status

Experience the perfect blend of historic soul and modern sustainability. Located in Montford near Downtown Asheville, this income-producing 1927 triplex offers the charm of the neighborhood without historic district restrictions. This versatile property is move-in ready for its next chapter, whether as a high-performing investment, a multi-generational compound, or an owner-occupied "house hack." Main level, designed to live like a true single-family home. Features 2 bedrooms, a versatile flex room, and 2 full bathrooms. Significant 2024 updates include a fully renovated kitchen, refinished original wood floors, fresh interior paint, and newer HVAC system. Two additional units; both lower units offer private entrances, dedicated balconies, and in-unit laundry hookups. Both units renovated in 2015 with updated kitchens with stainless steel appliances. Middle unit is a spacious, character-filled 1-bedroom with a walk-in closet and HVAC replaced in 2017. Lower unit is an efficient studio with a newer mini-split installed in 2024. Property is efficient with an integrated solar panel system providing significant energy savings and equipped with a tesla ev level 2 home charging connector. The entire exterior was professionally painted in 2026, offering fresh curb appeal. The 0.16-acre lot is a private sanctuary featuring a landscaped backyard with natural stone accents, a built-in fire pit, and a wooded perimeter. Each unit enjoys its own outdoor space, and the property offers two dedicated off-street parking spaces plus additional street parking. This property offers a rare combination of historic character and modern efficiency. Nestled near Montford this gem offers a unique blend and Victorian history and scenic landmarks. Explore this accessible neighborhood, scenic landmarks and is conveniently located near downtown Asheville's vibrant culinary, music and art scene. Don’t miss this unique opportunity—schedule your showing today! Please refer to agent remarks for showing time instructions or contact listing agent for details. Please do not disturb the tenants.

107 Courtland Avenue, Asheville

Listing courtesy of Patton Allen Real Estate LLC. krystalhollisrealtor@gmail.com

$559,000

5 Beds ⋅ 4375868 MLS ⋅ ACTIVE Status

Built in 2022, this modern property offers exceptional versatility with a beautifully designed main residence and an attached ADU—perfect for multi-generational living or income potential. Featuring granite countertops throughout, stainless steel appliances, and open-concept living spaces, both units are thoughtfully crafted for comfort and style. Step outside to enjoy a private rear deck, ideal for relaxing or entertaining guests. Nestled along the border of the Blue Ridge Parkway, the location provides a rare blend of privacy, natural beauty, and easy access to scenic outdoor recreation.This is a prime opportunity for investors seeking a duplex-style rental or for homeowners looking to offset their mortgage by living in one unit while leasing the other. A unique combination of modern construction, flexible living options, and an unbeatable setting. Please contact the listing agent for more information about current leases/rents.

116 Arnold Road, Asheville

Listing courtesy of Mosaic Community Lifestyle Realty. eric@mymosaicrealty.com

$669,000

4 Beds ⋅ 4378085 MLS ⋅ ACTIVE Status

Located just 15 minutes from downtown Asheville, this well-maintained 2019 duplex offers a rare turnkey investment opportunity in one of Western North Carolina’s most desirable markets. Situated at 71 Panorama Drive, this property provides convenient access to dining, shopping, and outdoor recreation while maintaining a quiet, residential feel. Each side features a spacious 2-bedroom, 2.5-bath layout, thoughtfully designed for comfort and functionality. The units come fully furnished, making this an ideal option for investors seeking immediate rental income without additional setup. Both sides are currently tenant-occupied with leases in place at market rates, providing stable, consistent cash flow from day one. Built in 2019, the property is in excellent condition with modern finishes and low maintenance requirements—an attractive advantage for investors looking to minimize ongoing expenses. Whether you're expanding your portfolio or entering the Asheville market, this duplex delivers strong income potential in a prime location. Don’t miss this opportunity to own a newer, income-producing property just minutes from downtown Asheville and the surrounding areas.

71 and 73 Panorama Drive, Asheville

Listing courtesy of EXP Realty LLC. michael.szabo@exprealty.com

$699,000

5 Beds ⋅ 4376363 MLS ⋅ ACTIVE Status

Turnkey duplex offering strong rental appeal in one of Asheville’s most desirable and convenient areas. This well-maintained property features a 3-bedroom (2,5 bath) and 2-bedroom (1,5 bath) separate units, providing flexibility for mid/long-term rentals or multi-generational living. Built just two years ago, this like-new property showcases high-end finishes throughout, including granite countertops, modern fixtures, and quality craftsmanship—delivering both durability and long-term value. Energy-efficient insulation ensures lower operating costs and increased tenant comfort. 2 separate mail boxes, gas and electrical meters. The low-maintenance exterior and established lot provide ease of ownership while maintaining a sense of privacy from the road. Ideally located just minutes from Biltmore Estate, Mission Hospital, shopping, dining, and quick access to I-240 and I-40. Downtown Asheville is 10 min drive, while the nearby Blue Ridge Parkway enhances tenant appeal with year-round outdoor recreation. An excellent opportunity for investors seeking a modern, low-maintenance, income-producing property in a high-demand rental market.

128 Rock Hill Road, Asheville

Listing courtesy of Edwards Realty LLC. ekaterinahagen@gmail.com

$525,000

4 Beds ⋅ 4375347 MLS ⋅ ACTIVE Status

Built in 2024, this beautifully crafted duplex blends modern finishes with strong income potential in a highly desirable location just minutes from downtown Asheville. Each unit offers 2 spacious bedrooms and 1.5 bathrooms, thoughtfully designed with 9-foot ceilings, rich hardwood floors, and an abundance of natural light throughout. The stylish kitchens feature granite countertops, stainless steel appliances, and ample cabinetry, flowing seamlessly into open living and dining areas ideal for everyday comfort or entertaining. Each unit enjoys a covered front entry porch as well as a private back deck showcasing long-range mountain view. With separate utility metering, ample off-street parking, and a proven rental history generating $1,850 per unit, this property is an exceptional opportunity for investors or owner-occupants seeking additional income. Modern construction, low maintenance, and close proximity to Asheville’s vibrant dining, shopping, and cultural scene make this duplex a standout investment.

30 and 32 View Street, Asheville

Listing courtesy of Mosaic Community Lifestyle Realty. eric@mymosaicrealty.com

$600,000

11 Beds ⋅ 4368987 MLS ⋅ ACTIVE Status

Unlock a rare high-yield investment opportunity in the sought-after Enka area of Asheville. Situated on 2.06 acres, this versatile property includes a single-family home plus five mobile home lots—three with existing homes included—offering multiple income streams and significant upside potential. Based on previous and current market rent projections, the property has the potential to generate approximately $85,200 annually in its current state, with estimated expenses of ~$11,470/year, resulting in a projected NOI of nearly $74,000. Value-add opportunities include increasing below-market rents, filling two vacant mobile home pads, and leasing the garage/shop for additional income. Light improvements such as paint, flooring, and system updates could further enhance rental performance and overall value. Conveniently located just 5 minutes to Brevard Road and Asheville Outlets, 10 minutes to North Carolina Arboretum and Blue Ridge Parkway access, and 15 minutes to Downtown Asheville, this property offers strong rental demand drivers and long-term growth potential. Main home does not currently have a functioning heat source, but seller will install baseboard heaters if required for a loan. A compelling opportunity for investors seeking to create value and build cash flow in one of Asheville’s most accessible and desirable areas.

135 Sardis Drive, Asheville

Listing courtesy of Keller Williams Professionals. realtorbradharrison@gmail.com

$289,900

4 Beds ⋅ 4368464 MLS ⋅ ACTIVE UNDER CONTRACT Status

MOTIVATED SELLERS-PRICE IMPROVED! 2 Units-Each with their own PIN. Invest in this versatile property with a prime location in the heart of the thriving Oakley community and at the end of a cul de sac. Just minutes from breweries, restaurants, the Biltmore Estate and Village not to mention shopping and Downtown Asheville also well connected to highways. The possibilities are endless: Live in one unit, lease the other or build a dream home. Perfect for multi generational living or create multiple new dwellings, buyer to verify. The existing Oakley Bungalow could be cute as a button with some TLC (currently one of the bedrooms is accessed by the other). The Vintage single wide manufactured home has two bedrooms/ one bath and it's own electric meter. This property includes two PIN's totaling a half acre giving you plenty of private green space. The garden areas are perhaps the finest feature of this property with privacy and lush foliage, azaleas and more. Perfect for your urban homestead. Two sheds and a detached carport near the bungalow and an additional shed next to the manufactured home. This property offers flexibility and the opportunity to build equity from day one. Homes are occupied, please do not disturb.

20 Homewood Drive, Asheville

Listing courtesy of Southern Homes of the Carolinas, Inc. HomeSweetHomeWNC@gmail.com

$300,000

4 Beds ⋅ 4360451 MLS ⋅ ACTIVE Status

Don’t miss this rare opportunity to own a duplex in the heart of highly desirable West Asheville! This property features two separate units, each offering 2 bedrooms and 1 full bath—perfect for investors, or multi-generational living. Both units are currently vacant, making it easy to set your own rents or move in right away. Each unit offers a functional layout with comfortable living spaces and plenty of natural light. Step outside and enjoy direct access to the Hominy Creek Greenway, ideal for walking, biking, and enjoying the outdoors right from your backyard. The location puts you just minutes from West Asheville’s vibrant shops, restaurants, and entertainment, while still offering a peaceful, nature-connected setting. Whether you’re looking to expand your investment portfolio or live in one unit while renting the other, this property offers flexibility, convenience, and strong income potential.

448 Sand Hill Road, Asheville

Listing courtesy of Keller Williams Professionals. jeangatlin@kw.com

$1,160,000

6 Beds ⋅ 4333567 MLS ⋅ ACTIVE Status

If Asheville had a front porch, this would be it. Welcome to a rare, two-property offering at 1061 and 1063 Riverside Drive—lined up like best friends along one of the most iconic stretches of river in Asheville, NC, with sunset views of the French Broad River. This is the kind of place where mornings start with mist on the water, afternoons drift by with kayaks floating past, and evenings feel like a scene from a movie you don’t want to end. Each home has its own personality, but together they create something special: a riverfront compound with serious short-term rental potential. Think weekend travelers, leaf-season dreamers, cyclists, paddlers, brewery-hoppers, and people who type “Riverfront Cabin Asheville” into Zillow. Whether you’re envisioning multiple income-producing STRs, a live-in-one-rent-the-others, or a legacy property to hold onto forever, this portfolio gives you flexibility and options. Location? It doesn’t get better. You’re minutes to Downtown Asheville, UNCA, the River Arts District, and some of the best food and music in the Southeast—yet it still feels peaceful, and connected to nature. Riverside Drive has long been loved for its character, convenience, and that unbeatable river vibe—and properties like this don’t come around often, especially three together. This is the kind of place that makes people say, “Everyone loves Asheville.” Come see it before someone else turns it into their favorite investment—or their favorite place on earth.

1061 and 1063 Riverside Drive, Asheville

Listing courtesy of EXP Realty LLC. david.king@exprealty.com

$1,690,000

10 Beds ⋅ 4331784 MLS ⋅ ACTIVE Status

If Asheville had a front porch, this would be it. Welcome to a rare, three-property offering at 1057, 1061, and 1063 Riverside Drive—lined up like best friends along one of the most iconic stretches of river in Asheville, NC, with Sunset views of the French Broad River. This is the kind of place where mornings start with mist on the water, afternoons drift by with kayaks floating past, and evenings feel like a scene from a movie you don’t want to end. Each home has its own personality, but together they create something special: a riverfront compound with serious short-term rental potential. Think weekend travelers, leaf-season dreamers, cyclists, paddlers, brewery-hoppers, and people who type “Riverfront Cabin Asheville” into Zillow. Whether you’re envisioning multiple income-producing STRs, a live-in-one-rent-the-others, or a legacy property to hold onto forever, this portfolio gives you flexibility and options. Location? It doesn’t get better. You’re minutes to Downtown Asheville, UNCA, the River Arts District, and some of the best food and music in the Southeast—yet it still feels peaceful, and connected to nature. Riverside Drive has long been loved for its character, convenience, and that unbeatable river vibe—and properties like this don’t come around often, especially three together. This is the kind of place that makes people say, “Everyone loves Asheville.” Come see it before someone else turns it into their favorite investment—or their favorite place on earth.

1057, 1061, 1063 Riverside Drive, Asheville

Listing courtesy of EXP Realty LLC. david.king@exprealty.com

$1,430,000

12 Beds ⋅ 4327948 MLS ⋅ ACTIVE Status

Investor Package Opportunity – Four New Construction Townhomes. An exceptional bulk-purchase investment opportunity! These 4 newly built townhomes are being offered together as a single investment package, allowing buyers to capitalize on bulk pricing and immediate added value. With numerous upgrades already in place across all units, this portfolio presents a rare chance to secure strong, low-maintenance assets in one of Asheville’s most desirable growing areas. Discover West Asheville’s newest townhome community, nestled amidst scenic rolling pastures just 4.3 miles from downtown Asheville. This exclusive collection of 26 thoughtfully designed townhomes offers modern living with luxury vinyl plank flooring, sleek chrome plumbing, and stylish contemporary lighting. The kitchens are beautifully appointed with stainless steel appliances, quartz countertops, and elegant cabinetry, blending functionality with sophistication. Each home features three bedrooms, two full bathrooms, and a half bath, providing a spacious living space. Premium upgrades for each unit include: Lot 3= $5,240 upgrades ; Lot 4= $2,295 upgrades ; Lot 5= $650 upgrades ; Lot 6= $6,645 upgrades. HOA fee is $145.51/ month per unit and takes care of building insurance, exterior maintenance, landscaping, snow removal, pest control, and more—so you can enjoy your home without the hassle. Units are also listed individually under MLS# 4230401, 4230902, 4230911, 4230916

5, 7, 9, 11 Bolton Street Unit #3,4,5,6, Asheville

Listing courtesy of Stem Realty Group. stoner@stemrealtygroup.com

$950,000

3 Beds ⋅ 4326761 MLS ⋅ ACTIVE Status

Is this the most interesting property available in Asheville? Even without the eclectic furnishings (some of which are available), the unique and versatile layout lends itself to a variety of uses: single-family, multifamily, rental, live/work, artist studio, retail/commercial, or a mix. Zoning is the rare and coveted Neighborhood Business. So many extraordinary touches and endless customizations make it special, showing the high quality and thoughtful design. The studio apartment is being left fully furnished/turnkey and has been a reliable rental at $1800+ per month. Second floor living area has been rented for $2600+ per month. The first floor live/work space is also being prepared for rental which will bring in additional revenue. Amazing location in a friendly neighborhood in between Charlotte St and Merrimon Ave and just a mile to downtown. 3 bedrooms, 4 bathrooms, 3 kitchens, plus a bonus loft at the top! City confirmed that homestay short term rental STR possibility with two of the units with minor modifications if you live in the third. Sellers explored connecting the first and second floors to make it a more traditional two-story home but preferred the current layout so that hasn't been done but is possible according to the sellers and the City. It is well built and well-maintained. Provide proof of funds or preapproval letter with showing request. Check out the 3-D walk-through to get a sense of the layout and efficient design. Sellers are willing to consider owner financing - make an offer!

297 Hillside Street, Asheville

Listing courtesy of DRG Homes & Land. buck@dwellavl.com

$1,050,000

4317652 MLS ⋅ ACTIVE Status

PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors. Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand. This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.

18 Hat Creek Drive, Asheville

Listing courtesy of Edwards Realty LLC. pursuitofrealty@gmail.com

$949,000

8 Beds ⋅ 4301849 MLS ⋅ ACTIVE Status

HISTORIC CHARMER SEEKS LOVING NEW OWNER. Beautiful, 7-unit building in Kenilworth on a flat lot with loads of architectural personality. Have you been looking for a cool investment property in a prime location? This is the one! Centrally located near schools, hospitals, downtown Asheville, and Biltmore Village. Complete with a coin laundry, common spaces, and off-street parking. It's an elegant and distinguished building with solid 'bones' that's ready for its next chapter in ownership!

15 Grindstaff Drive, Asheville

Listing courtesy of Patton Allen Real Estate LLC. brent@pattonallenre.com

$649,900

4278006 MLS ⋅ ACTIVE Status

Welcome to 13 Castle Street—an outstanding opportunity for savvy investors! The main unit encompasses the entire main and upper levels, featuring three bedrooms, two full bathrooms, one half bathroom, a living room, dining area, kitchen, pantry, and laundry in the attached one-car garage. As a bonus, the finished basement serves as a fantastic second living quarter, complete with its own living area, kitchen, laundry, bedroom, and full bathroom. Enjoy the fenced back yard, fire pit, and open back deck all year long. The home also has a security system and a radon mitigation system. This gem is just two miles from downtown and less than a mile from the breathtaking Biltmore Estate. You'll find yourself mere moments away from a vibrant array of breweries, exquisite restaurants, picturesque parks, and delightful shopping experiences. This investment property not only offers comfort but also versatility—don’t miss your chance to invest in this beautiful Asheville haven! Schedule your showing today!

13 Castle Street, Asheville

Listing courtesy of Looking Glass Realty. danny@lookingglassrealty.com

$624,000

4 Beds ⋅ 4228998 MLS ⋅ ACTIVE Status

Great investment opportunity in a wonderful West Asheville location, right around the corner from Sunny Point Café and the vibrant Haywood Road corridor. This unique property consists of three units in two standalone homes on a 0.29-acre lot. All units have excellent rental history. 17 Hubbard is a duplex with a 979 SF, 2BD/1BA apartment upstairs and a 420 SF, 1BD/1BA apartment downstairs. 19 Hubbard is a cute 412 SF, 1BD/1BA standalone cottage. Each unit has its own porch and all can enjoy the large, sunny yard. Many updates have been made in recent years, including water heaters, mini-splits, roofs and gutters, etc. (See improvements attachment.) Live in one unit and rent the others, or rent all three units and enjoy a great return. Many possibilities! Come take a look today!

17 & 19 Hubbard Avenue, Asheville

Listing courtesy of Mosaic Community Lifestyle Realty. chris@mymosaicrealty.com

$899,000

4197890 MLS ⋅ ACTIVE Status

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.

181 Merrimon Avenue, Asheville

Listing courtesy of Appalachian Realty Associates. gray@appalachianrealty.com

$1,900,000

4 Beds ⋅ 4183083 MLS ⋅ ACTIVE Status

Across from the Leah Chiles Park in Kenilworth, an unassuming entrance lined with Skip Laurels, opens up to a forested urban estate, a private forest of rare conifers from around the world, with a classic 1926 Tudor home and additional cottages designed in the same style and spa for guests. Cottage Corner, four dwellings in two abodes, mirror each other sharing a modern spa with organic cedar plank sauna and mandala brick courtyard, welcoming you to evening soirees, morning yoga and meditation. 1.38 acres of forested estate invite you to bathe in nature, rest & escape. Trails meander beneath towering evergreens with sunbeams that dance on the shaded forest floor. The main house maintains its historical charm with classic details. Large windows frame views like paintings of the magical outdoors from waking in bed or sitting in a comfy nook with a book. Find peace & tranquility for you and your guests in this hidden retreat in the middle of the city at 108 Lakewood. Also listed 4157016.

108 Lakewood Drive, Asheville

Listing courtesy of Keller Williams Professionals. mauriehill@kw.com

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