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$985,000

Asheville, NC 28806
Listed by Karl Nelson · NAI Beverly-Hanks
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1928

About this home

Positioned in the heart of West Asheville’s vibrant Haywood Road corridor, this charming 5-unit multifamily property offers investors a rare opportunity in one of Asheville’s most walkable and desirable neighborhoods. Residents are steps from Haywood Road’s restaurants, bars, breweries, galleries, retail, and everyday conveniences, supporting strong tenant demand and long-term rental appeal. The property features timeless charm and character, including a covered porch and balcony, along with ample on-site parking—an important advantage in this urban corridor. With existing income and upside potential to add a 6th unit, the asset presents a compelling value-add opportunity in a high-demand submarket.

Property details

MLS #
CAR4383809
Property type
None
Subdivision
N/A
Status
Active
Days on market
35
On market date
May 19, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Lucy S. Herring Elementary
0.29 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
298
Student:teacher ratio
11.9:1
District
Asheville City Schools
Middle
Asheville Middle
2.16 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
2.58 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

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).

88
Highly walkable
out of 100
EPA National Walkability Index
15.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores17
Parks4
Schools20
Transit stops20
Pharmacies7

Market position

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

On the market 35 days -- 91 fewer days than Asheville's current average of 126 days.
For reference, the median list price across 1,253 active listings in Asheville right now is $500,000.

Mortgage calculator

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

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Est. monthly payment
$6,082/mo
$197,000 down
$788,000 loan
Principal & interest$5,111
Property tax (est.)$821
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated June 23, 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.