Single Family Residence at 215 Merchant Street, Asheville
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Approx. prop lines. reference only. - 215 Merchant Street, Asheville
Approximate property lines for reference only - 215 Merchant Street, Asheville
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Single Family Residence at 215 Merchant Street, Asheville, photo 8 of 26
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Utility room - 215 Merchant Street, Asheville
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26 photos

$339,000

215 Merchant Street
Asheville, NC 28803
Listed by Chad Johnson · Malin & Co. Realty Group, LLC
Bedrooms
3
Bathrooms
1
Living area
720 sqft
Year built
1965

About this home

Development opportunity in Oakley! Situated on approximately 0.97 acres, this 3-bedroom, 1-bath cottage offers an existing residence on a spacious, level lot with potential for future development. Preliminary development plans showing up to five additional residential units have been reviewed by the City of Asheville. An updated preliminary development plat is available for review. The generous, level lot provides plenty of room for outdoor enjoyment or exploring additional possibilities. Conveniently located near shopping, dining, and other Asheville amenities. Whether you're looking for a primary residence, investment property, or development opportunity, this property is worth a look! agent/owner.

Property details

MLS
Canopy MLS
MLS #
CAR4434152
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
1
On market date
October 13, 2026
Stories
N/A
Total bathrooms
1
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.

Elementary
Oakley Elementary
0.38 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
447
Student:teacher ratio
13.5:1
District
Buncombe County Schools
Middle
Reynolds Middle
2.29 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
523
Student:teacher ratio
14.5:1
District
Buncombe County Schools
High
Early College
2.38 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County 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).

86
Highly walkable
out of 100
EPA National Walkability Index
15.2 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks5
Schools4
Transit stops20
Pharmacies4

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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%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,191/mo
$67,800 down
$271,200 loan
Principal & interest$1,759
Property tax (est.)$283
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 3 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.