$5,500,000
About this home
42 Furman Avenue represents one of the most compelling short-term rental investment opportunities in downtown Asheville, a fully licensed, purpose-built 16-unit STR asset in a market where new permits are no longer issued. Spanning approximately 8,395 square feet across three stories plus a walkout basement, the building was completely renovated to the studs and redesigned specifically for short-term rental use, delivering modern interiors, efficient layouts, and strong visual appeal for today’s guest expectations. The unit mix includes twelve one-bedroom units and four studios, all configured to maximize occupancy and revenue potential. Located less than a mile from Asheville’s core attractions, including its nationally recognized dining scene, River Arts District, and cultural amenities, the property benefits from consistent year-round demand. With dedicated parking, an active and compliant STR license, and a structure that cannot be replicated under current regulations, this asset offers a rare combination of scale, location, and operational upside for an investor seeking to establish or expand a presence in one of the Southeast’s most resilient short-term rental markets.
Property details
- MLS #
- CAR4359264
- Property type
- Bed/Breakfast
- Subdivision
- N/A
- Status
- Active
- Days on market
- 10
- On market date
- May 8, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 390
- Student:teacher ratio
- 13.4:1
- District
- Asheville City Schools
- Enrollment
- 623
- Student:teacher ratio
- 11.5:1
- District
- Asheville City Schools
- Enrollment
- 1,135
- Student:teacher ratio
- 13.2:1
- District
- Asheville City Schools
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 18, 2026.
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.