Walkable West Rehab Bungalow with duplex potential - 125 Fairfax Avenue, Asheville
Large 0.2 acre lot in RM8 zoning - 125 Fairfax Avenue, Asheville
Spacious gently sloping back lot - 125 Fairfax Avenue, Asheville
Potential for subdivision and/or ADU - 125 Fairfax Avenue, Asheville
Main floor entry - 125 Fairfax Avenue, Asheville
Newer windows - 125 Fairfax Avenue, Asheville
Great natural light - 125 Fairfax Avenue, Asheville
Full renovation project - 125 Fairfax Avenue, Asheville
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 9 of 24
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 10 of 24
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 11 of 24
Upper level current kitchen area - 125 Fairfax Avenue, Asheville
Upper level current bathroom area - 125 Fairfax Avenue, Asheville
Exterior stairs to lower level - 125 Fairfax Avenue, Asheville
Lower level has two exterior entry doors - 125 Fairfax Avenue, Asheville
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 16 of 24
Standard ceiling height and larger windows in lower level - 125 Fairfax Avenue, Asheville
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 18 of 24
Single Family Residence at 125 Fairfax Avenue, Asheville, photo 19 of 24
Bathroom area in current lower level - 125 Fairfax Avenue, Asheville
Set back off the street with wonderful front porch and period details - 125 Fairfax Avenue, Asheville
Gently sloped yard - 125 Fairfax Avenue, Asheville
Walkable to Haywood Road and Hominy Creek Greenway - 125 Fairfax Avenue, Asheville
Detached shed conveys - 125 Fairfax Avenue, Asheville
24 photos

$269,000

125 Fairfax Avenue
Asheville, NC 28806
Listed by Steph Caldwell · Mosaic Community Lifestyle Realty
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1919

About this home

West Asheville investors take note of this walkable West Asheville property on a .20 acre lot in RM8 zoning. Just a short stroll to downtown West Asheville filled with vibrant local shops, restaurants and coffee bars off Haywood Road. Newer windows in place on the main level and wonderful natural light in both the main and basement levels. Enjoy 9' ceilings on the main level in most rooms. Some demo has taken place and this character home is ready for your vision. Set up well as a potential duplex, subdivided lot, and/or ADU. Please note this is a cash or construction loan only purchase as there is no heat, no electrical, and limited plumbing in place. Please do not walk the property without a showing in place and do not use the exterior back stairs as they are likely unsafe to utilize. The upper level has 5 spacious rooms inclusive of full bath, kitchen, and laundry areas. Lower level access is via one of two exterior entry doors and has 5 spacious rooms with larger windows, inclusive of a full bath. Bring your vision to this property with flexible options on development!

Property details

MLS
Canopy MLS
MLS #
CAR4427035
Property type
Single Family Residence
Subdivision
West Asheville
Status
Active
Days on market
1
On market date
October 7, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
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.

ElementaryCharter
Francine Delany New School
0.13 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
181
Student:teacher ratio
12.1:1
District
Francine Delany New School
Middle
Asheville Middle
2.03 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
2.19 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).

84
Highly walkable
out of 100
EPA National Walkability Index
14.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks7
Schools14
Transit stops20
Pharmacies3

Market position

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

On the market 1 days -- 119 fewer days than Asheville's current average of 120 days.
For reference, the median list price across 1,585 active listings in Asheville right now is $485,000.

Mortgage calculator

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

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Est. monthly payment
$1,770/mo
$53,800 down
$215,200 loan
Principal & interest$1,396
Property tax (est.)$224
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 9 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.