$675,000
About this home
Tucked into the mountainside overlooking downtown Asheville, this attractive four-unit multifamily property offers a rare combination of income potential, views, and proximity to downtown. Located less than a mile from Pack Square, the property is currently fully occupied with long-term tenants and generates $3,800 in monthly rental income. 3 units are in good / move-in-ready condition, 1 may need a refresh (upper right). Each unit opens onto rear decking through sliding glass doors, bringing in abundant natural light and offering outdoor space with mountain and downtown views. The upper level provides off-street parking for 6+ vehicles. Current rents are $825, $825, $850, and $1,300 per month. Owner pays city water, sewer, and trash plus 1 unit's electricity. A rare opportunity to own a small multifamily property within easy reach of downtown Asheville, with established rental income and room for continued improvement.
Property details
- MLS
- Canopy MLS
- MLS #
- CAR4427490
- Property type
- Fourplex
- Subdivision
- N/A
- Status
- Active
- Days on market
- 9
- On market date
- September 24, 2026
- Stories
- N/A
- Total bathrooms
- 4
- 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 13 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.