Estimated payment $16,797/month
Highlights
- 2.85 Acre Lot
- Deck
- Laundry Room
- T.C. Roberson High School Rated A
- No HOA
- Forced Air Heating and Cooling System
About This Home
This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.
Listing Agent
G/M Property Group Brokerage Email: jmenk@gmproperty.com License #194446 Listed on: 02/10/2026
Co-Listing Agent
G/M Property Group Brokerage Email: jmenk@gmproperty.com License #175675
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1998
Lot Details
- 2.85 Acre Lot
- Additional Parcels
Parking
- Parking Lot
Home Design
- Duplex
- Composition Roof
- Vinyl Siding
Interior Spaces
- 12,372 Sq Ft Home
- Property has 2 Levels
- Gas Fireplace
- Laundry Room
- Basement
Kitchen
- Electric Oven
- Gas Range
Outdoor Features
- Deck
Schools
- Avery's Creek/Koontz Elementary School
- Valley Springs Middle School
- T.C. Roberson High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Heating System Uses Natural Gas
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- The owner pays for exterior maintenance, management, outdoor lighting, snow removal, trash collection, water, - see remarks
- Assessor Parcel Number 96335555790000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2026 04/28/26 | Price Changed | $2,650,000 | -5.4% | $214 / Sq Ft |
| 02/10/2026 02/10/26 | For Sale | $2,800,000 | -- | $226 / Sq Ft |
Source: Canopy MLS
MLS Number: 4345037
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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Ask me questions while you tour the home.