$1,095,000

Estimated payment $6,643/month

-- Beds
-- Baths
3,875 Sq Ft
$283 Price per Sq Ft

Highlights

  • Finished Attic
  • No HOA
  • Baseboard Heating
  • Asheville High Rated A-
  • Laundry Room
  • Wood Siding

About This Home

Rare opportunity to acquire a fully occupied, extensively renovated 6-unit multifamily property in desirable North Asheville. Located on a quiet, tree-lined residential street, 295 E. Chestnut Street is approximately one mile from downtown Asheville and within easy walking distance of restaurants, retail and neighborhood amenities. Trader Joe’s, Harris Teeter and Whole Foods are all within approximately ½ mile. The property features four 1-bedroom and two studio apartments, ample on-site parking, individual electric meters and substantial kitchen and bathroom updates. Convenient access to Charlotte Street and I-240 further enhances the location. A compelling opportunity for investors seeking an established, income-producing Asheville multifamily asset.

Listing Agent

John Menkes

G/M Property Group Brokerage Email: jmenk@gmproperty.com License #194446 Listed on: 09/22/2026

Co-Listing Agent

Jeremy Goldstein

G/M Property Group Brokerage Email: jmenk@gmproperty.com License #175675

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1925

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • Parking Lot

Home Design

  • Wood Siding

Interior Spaces

  • Finished Attic
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Natural lighting in basement

Schools

  • Asheville City Elementary School
  • Asheville Middle School
  • Asheville High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for exterior maintenance, management, sewer, trash collection, water
  • Assessor Parcel Number 964963505500000

Property Details

Home Type

Apartment

Year Built

Built in 1925

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1925
  • Road Surface Type: Concrete, Gravel, Paved
  • MLS Status: Active
  • Standard Status: Active
  • Geocode Confidence: High
  • Attribution Contact: jmenk@gmproperty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Interior Amenities: Attic Finished
  • Sq Ft Unheated Basement: 1031
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater
  • Owner Pays: Exterior Maintenance, Management, Sewer, Trash Collection, Water
  • Above Grade Finished Sq Ft: 3012
  • Has Basement: Apartment, Daylight, Exterior Entry
  • Basement YN: Yes
  • Below Grade Sq Ft: 863
  • Living Area: 3875
  • Unit Type Features: Attic Finished

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Pool Private: No
  • Waterfront Features: None
  • Construction Type: Fiber Cement, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Laundry Features: Inside, None
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Asheville
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 964963505500000
  • Zoning: RM16
  • Lot Size Acres: 0.21
  • Additional Parcels: No
  • Zoning Specification: RM 16

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Asheville City
  • High School: Asheville

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,537 $536,000 $111,400 $424,600
2024 $5,537 $536,000 $111,400 $424,600
2023 $5,537 $536,000 $111,400 $424,600
2022 $5,345 $536,000 $0 $0
2021 $5,345 $536,000 $0 $0
2020 $4,542 $421,400 $0 $0
2019 $4,542 $421,400 $0 $0
2018 $4,542 $421,400 $0 $0
2017 $0 $378,800 $0 $0
2016 $4,655 $378,800 $0 $0
2015 $3,885 $378,800 $0 $0
2014 $4,294 $378,800 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2026 09/22/26 For Sale $1,095,000 +110.1% $283 / Sq Ft
08/08/2017 08/08/17 Sold $521,185 -15.8% $117 / Sq Ft View Prior Sale
08/08/2017 08/08/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $619,000 -- $139 / Sq Ft
Source: Canopy MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $521,500 None Available
Warranty Deed $272,000 --
Warranty Deed -- --
Deed $115,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $375,000 Commercial
Previous Owner $68,000 Commercial
Previous Owner $210,000 Commercial
Source: Public Records

Source: Canopy MLS

MLS Number: 4427544

Canopy MLS
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