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.
Please don't hesitate to call or email us for more information about the listings below.
Price$649,900
Est. Mortgage: $/month
MLS Number 3463344
Mobile Home Park on auto-pilot! 9-unit mobile home park in Bent creek near the outlet mall. Rents automatically collected. Reliable handyman in place and happy to continue working with new owners. Over $60k NOI being offered at a 9.23% Cap Rate. See also MLS # 3463350
Listed by Keith Prescott of George Morosani & Associates
Price$249,900
Est. Mortgage: $/month
MLS Number 3452868
Multiple offers received. Requesting highest and best by 5pm Sat 11/17/18. Killer Duplex West with solid rental history. Previous rental at $975 with water and sewer included. County location does allow short term rental. Townhome style living with bright and sunny space on both sides. Privacy to the bedroom level upstairs with half bath for guest use on the main. Washer dryer also on main (one unit includes stack set). Both sides have two rooms upstairs. Plan is mirrored side to side, semi open concept living with eat in kitchen, very functional rear deck and level rear yard. Property is in good repair, parcel is level, plenty of off street parking. Detached storage building stays and potential for buildable lot if ever sewer was feasible to connect. Presently septic sits below home to right in rear of property. Easy to show.
Listed by Melissa L. Sites of Realty World Marketplace
Price$375,000
Est. Mortgage: $/month
MLS Number 3462330
Three homes with great mountain views, all on one property! Immaculately maintained cottage, with beautiful hardwood floors, replacement windows, and full unfinished basement. There is a large 3-car garage and shed on property. Additionally. there are two single wide manufactured homes, All this on a level 2.73 acre fenced lot. Great potential to live here and rent the two manufactured homes, and subdivide to build additional homes.
Listed by Brad Puffer of Keller Williams Professionals
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Price$499,000
Est. Mortgage: $/month
MLS Number 3462229
Unique opportunity for investor in this immaculate 5-Star turn-key Airbnb retreat w/ 2 units.Rent both or live in one & rent the other.Since it's not in the city limits, there are no issues w/ vacay rental permitting.The in-law suite is completely prvt w/ its own BR, MBA & kitchen w/ no shared spaces.Arts & Crafts inspired home was personally designed by the owner w/ upgraded design details: concrete countertops, salvaged barn wood & handmade tiles surrounding the wood-burning fireplace, wide plank oak floors, tile baths, loft space, 28 ft high ceilings to provide tons of light & space, 3/4 wrap around deck, covered front porch, fenced & wooded backyard, 2 hot h2o heaters for your guests & easy to maintain yard w/ rhododendrons & dogwoods.2-car carport w/ a lrg storage rm.Furniture & amenities stay-start renting day one.Walk to the Blue Ridge Parkway & Mountain to Sea Trail, 6.5 miles to downtown Asheville, 5 miles to the Biltmore Estate & access to 40 and 240 to get anywhere fast.
Listed by LeNoir Medlock of Preferred Properties
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Price$389,000
Est. Mortgage: $/month
MLS Number 3455837
Incredible multi-family opportunity! Turn Key - TWO cottages offering desirable compact construction with gracious mountain views and a location less than 5 miles to DT Asheville. Nestled in a small community of similar homes, enjoy this beautiful mountain setting as a primary residence with guest house, live in one and rent the other, or maximize your investment by running a AirBnB/VRBO vacation rental! Incredible opportunity close to Asheville offering “no” maintenance living (HOA takes care of everything) and superior construction by Ka-Sar Enterprises. Intentional design maximizes living space in these charming stand-alone cottages with a bright open floor plans, clean lines, high ceilings and impressive amenities including rich hardwood flooring, granite kitchen, easy-close cabinetry, stainless steel appliances and beautifully tiled bathrooms. The possibilities are endless.
Listed by Cain Cox of Carolina Mountain Sales
Price$379,000
Est. Mortgage: $/month
MLS Number 3455932
Quality, Character & Charm!!! 1920's Classic W Asheville Arts and Crafts Bungalow with solid brick foundation and original 12" German Dutch Lap wood siding in 28806! Walkable to Hot Haywood Rd dining, pubs and merchants. Large Covered Corner Porch & Big "Trex" deck off the back. Updated electrical throughout. Hardwood Oak floors on main; 3BR or 2 BR & office/den. Re-lined fireplace in LR, & pellet stove in DR. Finished basement accessible from main floor interior staircase and 2 outer entries (driveway & fenced back yard); 2 BR or 1 BR & office/den with large family room. 2nd kitchen & W/D hookup on lower level, makes for a great rental, extended family or home office; electric/water meters and water heater combined (both floors); Relatively new NG furnace heats main floor; Rinnai NG wall heater on lower level (electric baseboards never used); each with separate gas meters. This home is also listed as a residential SFH (MLS #3425215).
Listed by Kathy Hartley of Artisan Properties
Price$390,000
Est. Mortgage: $/month
MLS Number 3455247
You've found a very versatile property! Live in one home and rent out the other, or keep it as the family compound. Enjoy mature fruit trees, raised rose beds and multiple berry vines, all planted by the current owners. Newer floor coverings throughout and remember to take in the view from the sun room. Additional heat sources in both homes: baseboard heating in both homes, gas logs and wood burning 'buck' stove in main home, two wood stoves in the smaller residence. New hot water heater in main home. Property pre-inspected and report available. Includes PIN # #9628-15-2675. Also listed as residential (3449458).
Listed by Fred Schofield Jr of Beverly-Hanks, Executive Park
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Price$1,849,000
Est. Mortgage: $/month
MLS Number 3452486
Heated area is approximate gross exterior, taken from county tax card. Four quadplex buildings on ±2.6 acres. Each 2-story / 4 units per building. 2 bed & 1 bath units. Ample parking. Tremendous upside opportunity. Existing monthly rents average only $817, approximately 25% below market. All leases are month-to-month by design, providing buyer with opportunity to unlock upside potential immediately. Call listing office to schedule showings. 24-hour notice required. LA to accompany.
Listed by John Menkes and Jeremy Goldstein of G/M Property Group
Price$425,000
Est. Mortgage: $/month
MLS Number 3447803
Great rental opportunity. One block off Haywood Rd in area with restaurants and bars. Very well maintained while keeping with the original character of the property. Professionally encapsulated unfinished basement. Two separate Buildings. 1 building is 2 story and has two, 2BR mirror units. Second garage building with a 1BR upstairs unit. The 2 units in the large building are unoccupied. Seller was getting $1,050/ month. It would probably get more. Garage apt occupied. Rent is $650/ month.
Listed by Mark Allmond of Nest Realty Asheville
Price$388,000
Est. Mortgage: $/month
MLS Number 3446492
Live in one, rent the other - take back to single family - apply for homestay (stairs are still there) - its up to you. This Montford up-and-down duplex is very walkable to everything: city park, Greenway, 5 blocks to downtown Asheville. Upstairs unit has 4-head minisplit system for heat and A/C, covered private back deck and beautiful sunroom, dishwasher, granite counters and new Brazilian cherry floors. Downstairs unit is gas heat and electric baseboard (no A/C), private back porch/open deck area with steps down to deep backyard. Both units are 2 bedrooms, 1 bath with extra space.
Listed by Ben Mansell of Town and Mountain Realty
Price$689,000
Est. Mortgage: $/month
MLS Number 3385533
Current use: Three unit vacation rental directly off of Haywood Rd. in West Asheville. Parking is currently graveled with 4 spaces and on street parking directly in front of the building. All units are newly remodeled and rented through Air BNB and VRBO. New roof and siding (siding covers asbestos shingles). High traffic area makes this suitable for vacation rental, retail, residential, medical and office.
Listed by Scott McDonald of Innovative Realty Concepts, LLC
Price$448,000
Est. Mortgage: $/month
MLS Number 3444307
A Modern Tudor in convenient and coveted Historic Kenilworth! Ideal Investment Opportunity. 1)long term (30 day plus) rental of both main living & apartment/ADU. 2)live on the main w/ long-term rental of apt. 3. live on main w/ long-term rental of apt and Homestay/Airbnb the two bed/bath upper floor suite. Centrally located to the humming iconoclast eclecticism of downtown Asheville, the legendary Biltmore Estate, unique breweries, world-class shopping at Biltmore Village, delicious dining experiences, and Mission Hospital. The main home's outstanding features are a large bonus room/office/bedroom (w/closet) on the first floor, open-design living/dining w/ adjacent deck for grilling and relaxing, large second-floor, master bedroom with ensuite full bath and a separate, upstair's suite w/ 2 bedrooms and another full bath. The separate apartment on the lower level has a private entrance & off-street parking. Apt.rented with 1-yr lease-$950/per mth thru 5/15/19. See MLS 3420030 for docs.
Listed by Pierrette Rouleau of Rouleau Real Estate Group
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Price$350,000
Est. Mortgage: $/month
MLS Number 3438873
Newly renovated duplex, a stone's throw to Biltmore Village and minutes to downtown. Upper unit is two bedroom, one bath, cottage style kitchen with ample Ikea storage and farmhouse sink. There is also a separate laundry area and a walk-in closet. All tile and original hardwood and a fenced yard with a cute side deck and second entry. This unit is at the end of a gravel drive and sits next to the grounds of the historic Biltmore Village Inn. Lower unit is two story, also with off street parking and fenced yard, and is a one bedroom, one bath, with a bonus room, and washer/dryer unit. The flooring is tile, carpet and original hardwood in the upstairs.
Listed by Andrew Smith and Brent Allen of Keller Williams Professionals
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Price$1,495,000
Est. Mortgage: $/month
MLS Number 3437257
Rare multifamily opportunity in Montford just steps from downtown and the Thomas Wolfe Auditorium, 5 minutes to Greenlife/Wholefoods, breweries, and more. This well kept 11-unit (6 studio apartments, 4 one-bedrooms, 1 two-bedroom) building has remained almost 100% occupied for the past 10 years and with good reason. High ceilings, porches with mountain views, hardwood floors, off-street parking, and laundry in building are just a few of the details that make this a highly sought after location. 6.4% cap rate makes this a great investor opportunity and there is potential to increase NOI and lower expenses to increase return.
Listed by Patrick Johnson and Brian Turner of NAI Beverly-Hanks
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Price$360,000
Est. Mortgage: $/month
MLS Number 3433039
Tons of character in this charming brick bungalow on a large/level corner lot in walkable West Asheville. Currently a duplex w/one upper and lower level unit. Two full kitchens, two separate electric meters, two hot water heaters and two HVACs. The upstairs unit offers two bedrooms, nice sized kitchen, one bath w/hardwood floors and the lower level has been recently renovated to a studio apartment w/full bath and kitchen. House has many updates such as roof, hvacs, electrical, windows etc. The lot is zoned RM-16 which currently allows for 3 units and has potential for an additional lot w/buyer to verify. Walkability score 77 out of 100. Located just doors down from popular Sunnypoint cafe, Oyster House, Standard Pizza, Simple juice bar etc etc..
Listed by Scott Carter of The Real Estate Center
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Price$975,000
Est. Mortgage: $/month
MLS Number 3424268
Stunning Multi-family: 7-units in historic Albemarle Park cottage built in 1899, main house has 5 units, detached garage has 2 units, heart-pine floors, tall ceilings, beautiful gas fireplaces, wrap-around deck, large unfinished attic & bsmt, multiple yards, circular driveway. Lots of original charm, tons of updates, laundry in basement, zero vacancy and well maintained.
Listed by Rory Heller of Keller Williams Professionals
Price$495,000
Est. Mortgage: $/month
MLS Number 3413267
One of a kind property with two homes and a creek on almost 3 acres. Convenient to Asheville. Property could be used as a family compound or vacation rental. Peaceful setting. Sit out by the creek and have total privacy. First home has new heat system, flooring and many other updates. Second home has hardwood throughout, bonus space in basement that can be used as apartment and a beautiful master suite added onto the home.
Listed by Amanda Moss of Apple Country Realty LLC
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Price$875,000
Est. Mortgage: $/month
MLS Number 3351156
7 unit apt. building in highly desirable Five Points neighborhood.Secluded yet convenient to Merrimon, UNCA, Montford, Downtown. Four 1BR/1BA, two 2BR/2BA, one 3BR/1.5BA Fully rented and all tenants on month-to-month, off-street parking (10 spaces), large community backyard, washer hookups in Apt. 3,4,5. Solid income producing property but with rents below market there is room for growth.
Listed by Patrick Johnson and Brian Turner of NAI Beverly-Hanks
Price$1,200,000
Est. Mortgage: $/month
MLS Number 3306251
Great 31 unit mobile home park in Asheville. Green and beautiful environment. Excellent paved roads throughout the park. Mix of park owned and tenant owned units. Sale includes 3 parcels-13 acres. 2 parcels accessed by Davida Drive and one off of Dix Creek Chapel(Lillian Lane). Good investment now - huge future potential.
Listed by George Lycan of Keller Williams Professionals