INNOVATE
Real Estate
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Multi Family project - 4 pads = 10 total units
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90% of the infrastructure has been done
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Road Frontage with public utilities
6 parking spaces up top
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2nd entrance for bottom two building pads
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15 photos

$749,000

Asheville, NC 28806
Listed by Aaron Palmer · CENTURY 21 Connected
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Build for Rent Multi Family Opportunity - up to 10 units. Seller Financing available! West Asheville RM8 development opportunity with extensive site work already completed. This .41-acre property includes four engineered building areas supporting up to 10 total units per the current layout: three units each on the two eastern pads (101 & 105 Arline Henry Way) and two units each on the two western pads. The site has undergone major improvements including substantial grading, significant imported and compacted fill dirt, full stormwater installation, new sewer line extension with one new manhole, retaining walls, tree clearing, and utility preparation. Final pad cuts have not yet been made, allowing the next owner to shape each building area to fit their design needs. Entitlements are approximately 99% complete, with only updated stormwater calculations being finalized and no anticipated changes to the approved layout or density. RM8 zoning allows a wide range of small multifamily formats including duplexes, triplexes, and attached product. Seller financing is available. A rare infill development site in a highly desirable West Asheville location. Seller is a NC Licensed Real Estate Broker.

Property details

MLS #
CAR4321984
Property type
Acreage
Subdivision
N/A
Status
Active
Days on market
204
On market date
December 4, 2025
Stories
N/A
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Hall Fletcher Elementary
0.4 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
258
Student:teacher ratio
10.8:1
District
Asheville City Schools
Middle
Asheville Middle
1.54 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
1.53 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,135
Student:teacher ratio
13.2:1
District
Asheville City Schools

Mortgage calculator

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Est. monthly payment
$4,661/mo
$149,800 down
$599,200 loan
Principal & interest$3,886
Property tax (est.)$624
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 26, 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.