$850,000
About this home
Full of character and opportunity in the heart of Asheville, 117 Spears Avenue offers a unique chance to own a four unit property comprising two separate buildings, each featuring an upstairs and downstairs residence. With numerous recent updates throughout, the property is turnkey and ready for its next owners, creating an exciting opportunity for investors, multigenerational living, or an owner occupant looking to generate rental income. The first building offers a spacious 2 bedroom, 2 bath main-level unit (117-101) with an office, living room, dining room, kitchen, mudroom, front porch, and an ensuite bath. Upstairs, 117-201 is a 1 bedroom, 1 bath unit with its own kitchen and living room. The second building adds two more residences, with 119-101 offering 1 bedroom and 1 bath, along with additional storage, and 119-201 featuring 2 bedrooms and 1 bath. Set along an established residential street, the property combines a flexible four unit layout with a convenient in town Asheville location. Off street parking is available for residents of all four units, adding an especially valuable convenience to this centrally located property. Enjoy easy access to downtown Asheville, nearby restaurants, shopping, local businesses, and everyday amenities while maintaining the feel of a residential setting. Current rent roll and P&L available. With two buildings, four individual units, a total of 6 bedrooms and 5 baths, recent updates, and dedicated off street parking, 117 Spears Avenue presents a compelling opportunity for buyers looking to add a turnkey property to an investment portfolio, explore an owner occupied investment, or take advantage of the flexibility that multiple residences provide. A distinctive Asheville property offering versatility, location, and plenty of potential for its next chapter.
Property details
- MLS
- Canopy MLS
- MLS #
- CAR4424401
- Property type
- Apartment
- Subdivision
- None
- Status
- Active
- Days on market
- 24
- On market date
- September 14, 2026
- Stories
- 2
- Total bathrooms
- 5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →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.
- 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
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).
Market position
How this listing compares to current activity in Asheville, from live MLS data.
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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 8 days ago.
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.