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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460 & 458 Elk Mountain Scenic Highway Asheville NC 28804

MLS Number CAR3935327

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2926
  • Acreage 1.94
  • Property SubType Residential Income

Family compound nestled on Elk Mountain Scenic Hwy offering enchanting grounds & expansive East, South & West year-round views of downtown Asheville & the mountain-ranges beyond. Incredible opportunity for passive income w/3 separate dwellings. The Appalachian main house features architecturally renovated spaces w/stunning kitchen, 3BRs, plus home office & loft; Rustic elegance w/a soothing blend of natural elements & old-world charm. Two turn-key cottages offer endless possibilities for renting. Grossing an avg of $137,200/year (cottage & suite), the cottages offer like-new construction w/gracious finishes, open decks, hot tub, & endless views across the Beaverdam Valley. No restrictions on short-term renting 1, 2 or all 3 units. Enjoy sunset views, a beautiful park-like setting, 2 garages & endless potential to make your own: Live, rent, expand, retire w/security! The best of both worlds: 5 min to the Blue Ridge Pkwy & 6 min to DT Asheville.

Listed by Cain Cox and Jennifer Farley of Premier Sotheby?s International Realty

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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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23, 25 & 27 Oteen Park Place Asheville NC 28805

MLS Number CAR3937220

  • MultiFamily
  • Bedrooms 6
  • Square Feet 3145
  • Acreage 0.25
  • Property SubType Residential Income

GREAT Investment/rental opportunity in one of the most desirable areas of Asheville! This package consists of a duplex (23 & 25) and a single family residence (27) on 2 parcels. Duplex consists of 2,055 sf of living area with 4 BRs, 2 1/2 baths, and 2 functional kitchens. There's also a full unfinished basement and another 800+ sf of finished attic (ceilings all under 7 ft) that offer additional storage space or opportunities for your imagination. The SFR consists of 1,090 sf with 2 BRs and 2 Baths. A 1-car garage with potential studio above is shared between the 2 properties (see attached survey & easement) and offers potential for yet another income source with the property restoration. All of this is located in walking distance to the VA Hospital, less than 10 minutes to downtown Asheville, 5 minutes to I-240 and I-40,and 3 minutes to the Blue Ridge Pkwy. A perfect opportunity for positive cash flow in a great area! Package only- not available individually.

Listed by David Griffin and Brad Whitesell of Whitesell Real Estate Group

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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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64 Edwin Place Asheville NC 28801

Asheville, NC64 Edwin Place

Price$1,475,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3935723

  • MultiFamily
  • Bedrooms 6
  • Square Feet 3739
  • Acreage 0.24
  • Property SubType Residential Income

IMMACULATE GROVE PARK! HISTORIC N. ASHEVILLE MASTERPIECE PERFECT FOR PRIMARY RESIDENCE WITH SEPARATE RENTAL INCOME UNITS OR AS A FOUR-PLEX INVESTMENT/RENTAL PROPERTY. LIVE IN ONE AND RENT THE REST TO OFFSET YOUR COSTS! Built for Charles Byrd and his new bride Alice Frank in 1917, this Tudor Revival beauty on a stunning stone foundation retains many of its exquisite historic architectural features while offering many modern updates. Impeccably maintained and renovated (see list of updates attached), this charming and refined home has been lovingly cared for and is ready for its next steward. One-level living on the main floor, upper level apartment, and two lower level apartments are perfect for short or long term rentals. Main level can be reconnected to upstairs to revert it back to a two story home with two additional apartments. ASHEVILLE DREAM LOCATION a stone's throw to Charlotte St restaurants and shops, the Grove Park Inn, and Downtown Asheville.

Listed by Angie Cullen of Nest Realty Asheville

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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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1389 Patton Avenue Asheville NC 28806

Asheville, NC1389 Patton Avenue

Price$674,900

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3935783

  • MultiFamily
  • Bedrooms 6
  • Square Feet 2405
  • Acreage 0.31
  • Property SubType Residential Income

This beautifully remodeled 1920's 2-unit property is an absolute must see! Sitting just at the end of Haywood Rd, located close to all the wonderful things west Asheville has to offer and yet only minutes from downtown. 5 bedrooms, 2 bathrooms in the main house. 1 bedroom, 1 bathroom stand alone apartment above the garage.

Listed by Steph Clark and Jon Sarver of Sarver Realty Group,LLC

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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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8 Laurel Loop Asheville NC 28806

Asheville, NC8 Laurel Loop

Price$625,000

Est. Mortgage: $/month

MLS Number CAR3926210

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1989
  • Acreage 0.12
  • Property SubType Residential Income

New Construction Duplex in West Asheville! Incredible investor opportunity or keep as a private residence and rent the other unit! Contains 2 units (1 main level, 1 lower level; separate entrances), each with 2 beds/2 full baths, 2 off street parking spaces; open floor plan with deck; eat in kitchen including granite, stainless steel appliances; modern LVT flooring throughout; tiled shower and tub. Take advantage of nearby Haywood Road offerings and close proximity to downtown Asheville and all surrounding activities; minutes from easy interstate access. Check out this rare brand new home in convenient location with great income stream potential!

Listed by Laurene Carnes of Keller Williams Elite Realty

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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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$650,000

Est. Mortgage: $/month

MLS Number CAR3786540

  • MultiFamily
  • Bedrooms 9
  • Square Feet 3899
  • Acreage 2.23
  • Property SubType Residential Income

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: 6.13% last updated on Jan 26, 2023
* 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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1 Powers Drive Asheville NC 28806

Asheville, NC1 Powers Drive

Price$799,900

Est. Mortgage: $/month

MLS Number CAR3934457

  • MultiFamily
  • Bedrooms 3
  • Square Feet 2340
  • Acreage 0.14
  • Property SubType Residential Income

Christmas came early. West Asheville Craftsman with separate legal ADU for Mother-In-Law or rental. Luxurious finishes including cherry hardwood floors up and down and Ipe lifetime wood covered deck. Solid mahogany entrance doors to both units. Large white kitchen with island, two pantries, and breakfast room in addition to the dining area. Upstairs has 3 BR (all w/trayed ceilings) and a computer cubby and flex space to give you many choices as to the layout. The driveway is shared with 3 Powers Dr( coming on the market in a week or so). Off the kitchen is a covered porch with Ipe deck. It can easily become screened-in. Downstairs is a 1BR apartment with completely separate utilities, a parking pad, an entrance, and a flagstone patio. This is legally a duplex because of the separate utilities. Both units can be rented out, or downstairs can be rented or used as a mother-in-law unit. The City of Asheville confirms apartment can be rented. 1BR/1BA doesn't show in MLS acuallly a 4/3.5

Listed by Jim Hunter of Realty Financial Group LLC

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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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3 Powers Drive Asheville NC 28806

Asheville, NC3 Powers Drive

Price$799,900

Est. Mortgage: $/month

MLS Number CAR3934468

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2286
  • Acreage 0.21
  • Property SubType Residential Income

Happy New Year. West Asheville Craftsman with separate Mother-In-Law or rental or multigenerational living space. Luxurious finishes including cherry hardwood floors up and down and Ipe lifetime wood covered deck. Solid mahogany entrance doors to both units. Large white kitchen and pantry up and down. Upstairs has 3 BR (principal BR w/trayed ceilings). The driveway is shared with 1 Powers Dr (next door, currently listed). Off the kitchen is a covered porch with Ipe deck. It can easily become screened-in. Downstairs is a separate 1BR apartment, a parking pad, and entrance. The mother-in-law apartment has a separate lockable door from upstairs. Both units can be rented out, or downstairs can be rented or used as a mother-in-law unit. Buyer to check rentability of both units. Both units have full-size W/D. Within 2 miles of main Haywood Street amenities.

Listed by Jim Hunter of Realty Financial Group LLC

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$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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1700 Tunnel Road Asheville NC 28805

Asheville, NC1700 Tunnel Road

Price$450,000

Est. Mortgage: $/month

Pending

MLS Number CAR3932035

  • MultiFamily
  • Bedrooms 5
  • Square Feet 1125
  • Acreage 1.15
  • Property SubType Residential Income

This property has aprox 300 ft of rd frontage on Tunnel Rd. The 1.15 acre lot is flat with city water and sewer. The single wide trailer has been a great rental for the owner.

Listed by Kevin Toups of Keller Williams Elite Realty

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$
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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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160 State Street Asheville NC 28806

Asheville, NC160 State Street

Price$359,900

Est. Mortgage: $/month

MLS Number CAR3874819

  • MultiFamily
  • Bedrooms 2
  • Square Feet 1467
  • Acreage 0.68
  • Property SubType Residential Income

Check out this duplex with just a 10 minute walk to shops and restaurants in West Asheville! Live on one side and rent the other. Both of these units have been active long term rentals. Each unit has vaulted ceilings and lots of natural light with open floor plans, large living and bedrooms. These units feature single floor living with laundry on main floor. The large lot features open space and trees for lots of possibilities. Possible impact from i26 connector project

Listed by Bill DeVore of Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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5 And 7 Sunset Terrace Asheville NC 28804

Asheville, NC5 And 7 Sunset Terrace

Price$875,000

Est. Mortgage: $/month

MLS Number CAR3922152

  • MultiFamily
  • Bedrooms 7
  • Square Feet 3704
  • Acreage 0.36
  • Property SubType Residential Income

Income producing, 4 unit building just a stone's throw away from the Grove Park Inn in a great neighborhood. Close to Downtown Asheville, restaurants, the Blue Ridge Parkway, and more! Property has 2 units on the main level and 2 units on the basement level. All in good shape and rented. Owner is responsible for water and tenants pay their own electricity. So many possibilities for this property, come see!!

Listed by Brent Allen of Patton Allen Real Estate LLC

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%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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182 Dorchester Avenue Asheville NC 28806

Asheville, NC182 Dorchester Avenue

Price$395,000

Est. Mortgage: $/month

Pending

MLS Number CAR3921968

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1950
  • Acreage 0.19
  • Property SubType Residential Income

West Asheville desirable duplex. Excellent rental history. Bring all offers!

Listed by Judy Price of Preferred Properties

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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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0000 New Leicester Highway Asheville NC 28806

MLS Number CAR3603722

  • MultiFamily
  • Square Feet 1032
  • Acreage 5.39
  • Property SubType Residential Income

Attention Commercial Developers and Investors: New Leicester Hwy acreage with 9-pads Mobile Home Park - 4 miles from Patton Avenue. High traffic count, large corner tract with traffic signal, 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. For GPS, the mailing address is 223 O'Donald Rd Asheville NC 28806

Listed by Micheal Farlow and Alan Cuthbertson of Lantern Realty Asheville

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$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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3 & 5 Hy Vu Drive Asheville NC 28804

Asheville, NC3 & 5 Hy Vu Drive

Price$719,000

Est. Mortgage: $/month

MLS Number CAR3917236

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1813
  • Acreage 0.42
  • Property SubType Residential Income

Rare find ALERT! A Lawrence Trabor (well know modernest architect) duplex in the beautiful hills of North Asheville. Both units are one level, updated nicely and views of Town Mountain. 2 minutes to anything Merrimon ave. Winter views and summer treehouse vibes radiate from this sweet spot. Enjoy views toward the Grove Park Inn and Town Mountain or hike in the hills of north asheville to get some of the best views of Downtown Asheville from a distance. Or walk over to the MOST popular North Asheville Tailgate Market at UNCA. Whatever adventure for that day this duplex is exactly what you need. Great investment no matter which way you use it.

Listed by Tom Metcalf of Realty ONE Group Pivot Asheville

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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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18/20 Mcpherson Street Asheville NC 28804

MLS Number CAR3904220

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1468
  • Acreage 0.33
  • Property SubType Residential Income

Unique Woodfin property featuring a Mobile home with addition and fenced in yard. Property includes additional "fixer upper" home with a large carport and 2 lots 1 cleared (fenced in) lot available for future construction with Community Shopping Zoning and easy access to I-26 and downtown Asheville.

Listed by Hilary Corn of Coldwell Banker King

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$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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6 Echo Lane Asheville NC 28806

Asheville, NC6 Echo Lane

Price$520,000

Est. Mortgage: $/month

MLS Number CAR3884727

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2600
  • Acreage 0.66
  • Property SubType Residential Income

Income producing 4 unit (two duplexes) property. Each unit features 1 bedroom / 1 bath. Upper and lower unit in each duplex. Each have 650 sqft and have stove/refrigerator, baseboard heat. Tenants can have window AC units. Great rental history. Current rent rates are well under market value.

Listed by Amanda Simpkins of Coldwell Banker King

$
$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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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1,3,5 Courtney Street Asheville NC 28806

Asheville, NC1,3,5 Courtney Street

Price$1,750,000

Est. Mortgage: $/month

MLS Number CAR3818276

  • MultiFamily
  • Bedrooms 10
  • Square Feet 1590
  • Acreage 1.29
  • Property SubType Residential Income

A wonderful opportunity with development potential in walkable West Asheville. A fabulous opportunity with the land being Zoned RM8 but currently rental with steady income. Buyer to verify all information. Here are the footages for each unit 1 Courtney Street is 1550 sq. ft, 3 Courtney Street is 1595 Ft. 5 Courtney Street is 1200 ft. Walk to breakfast, art, and brewery in the heart of West Asheville. All Units are Duplexes. NOTE: First showing will be location and land only, second showing will require tenants approval and proof of funds. DO NOT DISTURB TENANTS.

Listed by Marilyn Wright of Premier Sotheby?s International Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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$1,700,000

Est. Mortgage: $/month

MLS Number CAR3785624

  • MultiFamily
  • Square Feet 3824
  • Acreage 0.57
  • Property SubType Residential Income

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 Asheville

$
$
%
$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* 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 © 2023 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 31, 2023 8:17 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. Some IDX listings have been excluded from this website.