Single Family Residence at 48 & 49 Cedar Mountain Road, Asheville
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$398,000

48 & 49 Cedar Mountain Road
Asheville, NC 28803
Listed by Cory Wall · EXP Realty LLC
Bedrooms
3
Bathrooms
2
Living area
1,517 sqft
Year built
1949

About this home

Prime investment opportunity in Buncombe County! Located just minutes from I-40 and local grocery store and restaurants, 48 & 49 Cedar Mountain Rd offer incredible potential for investors, flippers, or buyers looking to build equity. Situated outside Asheville city limits, these properties provide easy access to downtown Asheville, shopping, dining, and outdoor recreation. Whether you're considering renovation, rental income, or redevelopment, the possibilities are endless. Don't miss this rare chance to own two neighboring properties in a convenient and growing location.

Property details

MLS
Canopy MLS
MLS #
CAR4418594
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
8
On market date
September 4, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Oakley Elementary
3.27 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
447
Student:teacher ratio
13.5:1
District
Buncombe County Schools
Middle
Reynolds Middle
1.05 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
523
Student:teacher ratio
14.5:1
District
Buncombe County Schools
High
Early College
5.72 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

43
Somewhat walkable
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
55 / 100
Restaurants & cafes10
Grocery stores2
Parks0
Schools3
Transit stops0
Pharmacies1

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 8 days -- 112 fewer days than Asheville's current average of 120 days.
For reference, the median list price across 1,594 active listings in Asheville right now is $489,250.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,547/mo
$79,600 down
$318,400 loan
Principal & interest$2,065
Property tax (est.)$332
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated September 12, 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.