Asheville NC Multi-Family Homes

Whether it's a duplex, triplex, or apartment building, income-producing properties in Asheville, NC can provide a steady source of monthly income for the owner while building equity. These types of properties are different from vacation rentals, as they usually involve a minimum of 6-month lease terms, and the tenants typically pay all utilities. For a good idea of rent rates in Asheville, browse through our managed long-term rentals. You might also be interested in Black Mountain commercial real estate or Swannanoa commercial properties. 

Tour Multi-Family Homes for Sale in Asheville, NC

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323 Broadway Street Asheville NC 28801

Asheville, NC323 Broadway Street

Price$3,200,000

Est. Mortgage: $/month

MLS Number CAR3819387

  • MultiFamily
  • MLS Status Active
  • Year Built 2020
  • Bedrooms 2
  • Square Feet 9079

The Broadway Lofts: 2020 3-story mixed-use income-producing investment, close to downtown amenities. Adjacent to Reed Creek Greenway and historic Montford. 9,000+ SF w/4 vacation rental units, 2 street level commercial units, rooftop deck, covered parking. Each vacation rental: 2 bedrooms w/ensuites, open concept kitchen, dining, living. Floor to ceiling windows, Juliet balconies. Each unit conveys furnished, with all FF&E, mgmt. company in place. See links below. Street level units ideal for office or retail w/large patio entrances, high visibility on busy corridor. High ceilings, glass walls, sealed concrete floors. Shell condition, ready for tenant's finishes. Rooftop deck: mountain views, built-in propane fire pit, grill, cooking area for all tenants. Nice common area corridors, new elevator from garage to rooftop. Onsite covered parking, surface spaces.

Listed by Stephanie West of Whitney Commercial Real Estate

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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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25 Robinwood Avenue Asheville NC 28806

Asheville, NC25 Robinwood Avenue

Price$360,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3816245

  • MultiFamily
  • Bedrooms 5
  • Square Feet 1353
  • Year Built 1946
  • Acreage 0.33

Recent price reduction of this fantastic West Asheville opportunity to own two 1940's homes on a spacious corner lot! Both homes need renovations and updates but provide a few charming vintage interior details. Main home offers a split floorplan with cozy original yellow brick fireplace in the living room; Adorable guest home is a bonus and could also be utilized for long term rental income. Both homes include a dry and clean basement providing additional space to finish out for a workshop, home gym or play area. Main home basement includes wood stove and laundry sink. Both homes previously rented. Seller having hardwood floors refinished and stained. MOTIVATED SELLER.

Listed by Janet Blake of Ivester Jackson Blackstream

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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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223 Brickyard Road Asheville NC 28806

Asheville, NC223 Brickyard Road

Price$300,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3799792

  • MultiFamily
  • Year Built 1960
  • Square Feet 2350
  • Bedrooms 7
  • Acreage 0.94

Property includes older brick facade doublewide, an older singlewide and a stick built home on almost a level acre. The addresses are 223 & 223 1/2 Brickyard Road and 10 Brickyard Drive. Total rents are $1,800 per month. All 3 homes share one water meter. The singlewide and 10 Brickyard Dr share a septic system. The property is also available with the brick facade doublewide home and the singlewide MLS# 3800048 for $200,000. Survey and septic permits attached. Tenants are month-to-month - no leases. Landlord maintains yard. Also includes PIN# 9639-04-1196.

Listed by Martin Luna of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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155 New Leicester Highway Asheville NC 28806

Asheville, NC155 New Leicester Highway

Price$1,100,000

Est. Mortgage: $/month

MLS Number CAR3805415

  • MultiFamily
  • MLS Status Active
  • Acreage 4.9

4.9 acre multifamily development parcel located on Leicester Highway just 1.25 miles from downtown West Asheville and 3 miles from downtown Asheville. Property is zoned HB and RM16. Conveniently located near Oak Hill Dr. and Hazel Mill Rd. for easy access to the River Arts District, UNC Asheville, Haywood Rd., and Greenway trail system. Seller has completed architectural and site design drawings for 100+ multifamily units, contact listing agent for more information.

Listed by Will Yeager of Mosaic Community Lifestyle Realty

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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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223 and 223 1/2 Brickyard Road Asheville NC 28806
Active With Contract

MLS Number CAR3800048

  • MultiFamily
  • Year Built 1960
  • Square Feet 1584
  • Bedrooms 5
  • Acreage 0.65

Older doublewide (brick facade) with 3 bedrooms and 1 bath and a singlewide with 2 bedrooms and 1 bath on approximately 0.65 acres close to downtown Asheville. Home rents for $840 & singlewide for $400, month-to-month and tenants want to stay. The singlewide shares the septic with an adjacent home (10 Brickyard Dr). Water meter for these 2 homes is shared with 10 Brickyard Dr also. The property is also available with an additional home. See MLS# 3799792 for $300,000. Survey and septic permits attached. Landlord currently maintains yard.

Listed by Martin Luna of Keller Williams Professionals

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%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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45/47 Brown Road Asheville NC 28806

Asheville, NC45/47 Brown Road

Price$625,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3801527

  • MultiFamily
  • Year Built 19691947
  • Square Feet 3072
  • Bedrooms 5
  • Acreage 1.49

Unique opportunity to own a compound so close to downtown Asheville. First time for sale since 1971, this 1.5 acre property with lovely views offers a meticulously maintained natural-light filled ranch and sweet 2 bedroom/1 bath guest cottage. Potential to convert the lower level of the main house into a separate unit - perfect for AirBnb with private driveway and outdoor space. House has whole-house generator, new HVAC 2020/2021, modern windows, and security system. 1947 cottage has a new roof in 2020; it's been a rental, but would also make a sweet guest house or cozy primary home - such a beautiful view from the living room window! Both homes are solid and waiting updates and your personal touch to make it your own! Seller is licensed NC real estate broker/appraiser

Listed by Gretchen Lewis of Town and Mountain Realty

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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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135 & 135A Avondale Road Asheville NC 28803
Active With Contract

MLS Number CAR3800861

  • MultiFamily
  • Year Built 1954
  • Square Feet 1976
  • Bedrooms 5
  • Acreage 3

Perfect property for Investors, Developers, Builders, 1031 Exchange or a Family Compound. Multi-Family property with Short Term Vacation Rental possibilities or long term rental income. Sold with 3 total parcels over roughly 2.8 acres. Front parcel has 2BR / 2BA stick built home, middle parcel has a single wide 3BR/2BA. Both parcels have a creek in the middle. As you move up the hill property has several possible building sites with long range views of mountains on 3 sides. Front home has significant updates in 2016 and single wide updated in 2019. Great neighborhood near the Blue Ridge Parkway just 10 Minutes to Down Town Asheville, Tunnel Rd. shopping and restaurants, easily accessible to the I-40/I-240 Exchange, near A.C. Reynolds. All these amenities with county taxes, water and sewer. See PINs 9667230291 / 9667138254 / 9667132322

Listed by Jay Hamilton of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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183 Riverview Drive Asheville NC 28806

Asheville, NC183 Riverview Drive

Price$675,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3793022

  • MultiFamily
  • Bedrooms 5
  • Square Feet 3112
  • Year Built 1929
  • Acreage 0.3

Great 4-unit building in East-West Asheville just minutes away from the River Arts District, Downtown Asheville, Carrier park, and thriving West Asheville. This quad-plex sits on a double lot that has building potential and could be subdivided (buyer agent to verify). Laundry and storage in the basement, plus outbuilding, organic garden and fruit trees. All four units are in good shape and remain fully rented because of the desirable location.

Listed by Brent Allen of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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84 & 92 E Mountain Way Asheville NC 28805

Asheville, NC84 & 92 E Mountain Way

Price$675,000

Est. Mortgage: $/month

MLS Number CAR3786540

  • MultiFamily
  • MLS Status Active
  • Bedrooms 9
  • Square Feet 3899
  • Year Built 1972

Great investment with lots of potential! This is a multi-family trailer park with four trailers and a three bedroom / two bathroom home with an attached two car garage. Each trailer is a two bedroom / one bathroom home with city water and its individual own septic system. The house also has its own septic system and city water. There is also another out building with electric that could be used as another garage or large work shop. The trailers and the house are currently rented. As is or with upgrades, this trailer park and home could generate much more income and be a great investment for the serious buyer. This property will be Sold As Is. Pinnum for 84 E Mtn Wy - 966975997200000 Pinnum for 92 E Mtn Wy - 996985177500000 Pinnum for 92 E Mtn Wy - 966985177500000

Listed by Callie Heikes of Asheville Realty Group

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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75 Glendale Avenue Asheville NC 28803

Asheville, NC75 Glendale Avenue

Price$260,000

Est. Mortgage: $/month

MLS Number CAR3747316

  • MultiFamily
  • MLS Status Active
  • Square Feet 528
  • Bedrooms 2
  • Year Built 1947

Zoned commercial/industrial: Allows for multifamily residential as well as retail, light manufacturing, office and other uses. Lot is approx. 50' wide by 260 deep, level, and backs up to the railroad, elevated well above the property level. This property is not in the flood zone. The property abuts residential on the south (right) side of property. There is a buffer strip required on the residential side. The existing home has a deep 3' culvert under the house which functions but is old.

Listed by Mike Diethelm of Green Built Realty Inc

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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10 Roberts Street Asheville NC 28801

Asheville, NC10 Roberts Street

Price$1,800,000

Est. Mortgage: $/month

MLS Number CAR3785624

  • MultiFamily
  • MLS Status Active
  • Square Feet 3824
  • Year Built 1940
  • Acreage 0.57

Highly desired River Arts area, Two separate pins: 9638-98-1899 & vacant lot 9638-98-2953 equaling .57 acres. Older church built in 1940. This property is zoned Commercial and/or Residential - lots of possibilities.

Listed by Mona Roper of EXP Realty LLC

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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342 Short Michigan Avenue Asheville NC 28806

MLS Number CAR3784154

  • MultiFamily
  • MLS Status Active
  • Bedrooms 3
  • Square Feet 862
  • Year Built 1952

1952 Cottage and detached 1990 workshop could make additional residence unit. Directly across Street from Amboy Road River Park. River District Zoning allowing multiple uses from multi family residential to Commercial . Existing site is 1 acre with nice cottage home and separate workshop building comprising of 4 lots PIN#s 9680-60-1434, 9680-60-0580, 9680-60-1594, and 9680-60-0597 . , Includes existing commercial workshop and old house in good condition, very livable. Seller has Commercial development plan for multiple townhouse live / work units already completed which Buyer is welcome to in asking price . Project had been approved in 2008 but never initialed due to 2009 market changes.

Listed by Mike Bryant of Estate Realty

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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688 Upper Grassy Branch Extension Asheville NC 28805

MLS Number CAR3780014

  • MultiFamily
  • MLS Status Active
  • Year Built 1962
  • Bedrooms 8
  • Square Feet 3524

INVESTOR ALERT! Imagine earning money just by owning this property! With a total of 5 units on a beautiful 1.4-acre parcel, the potential rental income could possibly cover your mortgage and then some! The main house is 2br/2 ba with a 1 br/1 ba apartment on the back side. 2 houses (built 1998) have 2 br/1 ba each. A single-wide trailer has 1 br/1ba, and there is also vacant trailer space. Units are tenant-occupied. Tenant leases are month-to-month. Units are in various conditions. Some need repairs/updates. This opportunity comes with great potential to increase rental rates once improvements are complete. Each unit has washer/dryer and a storage shed. Main house has central HVAC; others are propane heat and window AC units. This is a great location off of Riceville Rd with city water and sewer. Sold As-Is.

Listed by Matt Tavener of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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81 Vandalia Avenue Asheville NC 28806

Asheville, NC81 Vandalia Avenue

Price$499,900

Est. Mortgage: $/month

MLS Number CAR3780907

  • MultiFamily
  • MLS Status Active
  • Year Built 1968
  • Bedrooms 4
  • Square Feet 2227

Excellent investment that immediately cash flows with 20% down. Make it your primary residence and pay your mortgage with ADU and increased cash flow of a short-term rental of basement apartment (pending city permit approval). Main level is 2 bedroom, 1 bath unit with eat-in kitchen, a large living room, big back deck, and covered front porch. Lower level unit is 1 bedroom, 1 bath with nice living room and full eat-in kitchen. These units share full laundry. Separate ADU/apartment boasts 1 bedroom, 1 bath and an open kitchen/dining/living room with a large covered porch. All utilities shared except the ADU has separate electric meter. Off street parking for all units. Driveway at front of main level. Driveway around back for lower level and ADU. Plenty of on street parking. Perfectly located in West AVL. Current long term tenants in two units with one-year leases and main level unit is available. Total rents = $3,350. AS-IS. Ask for inspection report - link in agent remarks.

Listed by Jody Whitehurst of Town and Mountain Realty

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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600 1/2 Fairview Road Asheville NC 28805

Asheville, NC600 1/2 Fairview Road

Price$295,000

Est. Mortgage: $/month

MLS Number CAR3755670

  • MultiFamily
  • MLS Status Active
  • Bedrooms 3
  • Square Feet 1248
  • Year Built 1933

Introducing this charming duplex investment opportunity with excellent rental history in the Oakley neighborhood. Long term tenants in place compliment a low maintenance property for easy ownership. The lower level is a one bedroom plus additional room for office. The upper level is a two bedroom. Please do not disturb tenants.

Listed by Scott McKenzie of Premier Sothebys International Realty

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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362 New Haw Creek Road Asheville NC 28805

Asheville, NC362 New Haw Creek Road

Price$575,000

Est. Mortgage: $/month

MLS Number CAR3743647

  • MultiFamily
  • MLS Status Active
  • Square Feet 625
  • Bedrooms 2
  • Year Built 1949

This unique property is in a convenient location on New Haw Creek Rd, just off Tunnel Rd. The property is being sold only with all four lots together, totaling 1.73 acres; two with existing homes and two that are land only. The largest parcel previously had a home on it, so connections exist for city water, sewer and electric. About the homes: 360 currently has a tenant who is renting month to month and can be viewed on 2nd showings only. This is the smaller of the two homes (1 bedroom, 1 bathroom, 364 sq ft) and has an access ramp and a separate storage building. 362 at the top of the hill is vacant. 1 bedroom, 1 bathroom, 625 sq. ft. Both have covered front porches. Both homes have had some upgrades and the land and homes have been well cared for. The properties have been in the same family since the 1920s and there are original outhouses and cold storage buildings on the property. See the FAQ sheet in the listing documents for more information.

Listed by Katie Prendergast of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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21,42,9999 Robert Clayton Drive Asheville NC 28805

MLS Number CAR3725088

  • MultiFamily
  • MLS Status Active
  • Bedrooms 6
  • Year Built 1956
  • Acreage 4.59

Location! Minutes to the Blue Ridge Parkway and sits just outside the Asheville City limits. Conveniently located level 4.59 acres off HWY 70/Tunnel Rd with city water and sewer, this property is ideal for investors or builders who love renovation projects! Property includes 4 structures: 3 homes (1 is condemned) and 1 single wide that will likely need to be removed. R-2 zoning permits: Single Family, 2 Residential Units (attached or detached), Multifamily residential units (No more than 8 units in no more than 4 buildings), Subdivisions; property being sold "AS-IS" -- buyer to verify all zoning/property uses. Total of 4.59 acres- 1.79 acres PIN# 9678-48-0491 and .83 acres portion of PIN# 9678-48-1029 Deed Book 4617/262 and 1.97 acres of PIN#9678-38-9219 Deed Book 5949/666. Seller is keeping bottom portion of property: NOT for sale. Listing agent accompany. No drive-bys; do not enter homes for safety purposes. Take a look from bird's eye view: https://youtu.be/TWBlAJddM4c

Listed by Clarissa Marshall of EXP Realty LLC

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$
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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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543 & 543 1/2 Bailey Road Asheville NC 28806
Active With Contract

MLS Number CAR3711014

  • MultiFamily
  • Square Feet 1639
  • Bedrooms 5
  • Year Built 1962
  • Acreage 0.48

Seller say sell it now! Cash, as-is $199,500 Investment opportunity in West Asheville. Two units on .48 acres with potential for $2,000/month gross income. All appliances included with both units, including washers and dryers. Three bedroom home roof is 2 years old and 2 bedroom home has 5 year old roof. Tenants in place with month to month lease. County taxes and just outside of the city for guaranteed rental occupancy. One of the few multi family income producing properties left so close to town, on a quiet dead-end road.

Listed by Karen Svites of Keller Williams - Weaverville

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$
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$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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223 Odonald Road Asheville NC 28806

Asheville, NC223 Odonald Road

Price$1,200,000

Est. Mortgage: $/month

MLS Number CAR3603722

  • MultiFamily
  • MLS Status Active
  • Square Feet 1032
  • Year Built 1932
  • Acreage 5.39

Attention Commercial Developers and Investors: New Leicester Hwy acreage with 9-pads Mobile Home Park - 4 miles from Patton Avenue. High traffic count, corner lot, level acreage with over 500' frontage on 5-lane New Leicester Hwy and also on O'Donald Road. Many potentials for Commercial Development, expanded MHP, Warehouse, Storage Buildings, Apartments, or combination unrestricted usage. Outside city limits, Open Use zoning, little to no grading necessary. Three wells plus has municipal water along side property. Existing house is residence and could be residential rental or office. 4 mobiles convey. One of few larger tracts remaining for development along this rapidly growing corridor.

Listed by Micheal Farlow and Alan Cuthbertson of Lantern Realty Asheville

$
$
%
$/month over payments
Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Broker Reciprocity © 2022 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of January 21, 2022 11:51 PM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.