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

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84 Johnston Boulevard Asheville NC 28806

Asheville, NC84 Johnston Boulevard

Price$369,000

Est. Mortgage: $/month

MLS Number CAR3578134

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1667
  • Year Built 1983
  • Acreage 0.33

Supreme Opportunity For An Investor To Snag A Duplex In A Renter's Dream Location; Located At The Corner Of Patton Ave & Haywood Rd, This Is A HOT West Asheville Spot. With A Proven Track Record Of Occupancy, You Will Never Have To Worry About It Ever Being Empty! Both Units Have Recently Been Updated In The Last Few Years & Are An Exact Replica Of Each Other w/Open Floor Plans, Spacious Kitchens w/Tiled Floors, Large Bedrooms, Six Panel Doors, Washer/Dryer Hookups, Large Fenced Back Yard & An Oversized Parking Area. Rent Both Or Live In One & Rent The Other. Either Way, It's A Win Win!

Listed by Keller Williams Professionals

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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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 + 201 Electric Avenue Asheville NC 28805

MLS Number CAR3579391

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2200
  • Year Built 2018
  • Acreage 0.23

Nestled in the heart of the Haw Creek valley is this gorgeous craftsman home with an apartment. Live in one and off-set your mortgage by renting the other. Or rent them both, enjoying full mortgage coverage and great income. Live well with top-quality details like hardwood oak floors, big tall windows, recessed lighting, fiber-cement siding, and a metal roof. Live smart and healthy with dedicated high-effiecency heat and AC for each floor and a sealed and conditioned crawlspace. Cook together in gorgeous kitchens boasting custom cabinetry, granite countertops, and brand new appliances. Walk down the hill for a coffee at Penny Cup or a pint and a bite at Creekside Taproom or drive less than 10 minutes to all downtown Asheville has to offer. 3 bedrooms and 2 full baths on main. Upstairs with separate entrance is 2 bedrooms, 1 and 1/2 baths, and 350+ square foot loft ready for quick finish. Full kitchens and laundry on both floors. Come see how well this place can work for your situation.

Listed by Town and Mountain Realty

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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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217 Patton Mountain Road Asheville NC 28804

Asheville, NC217 Patton Mountain Road

Price$1,109,500

Est. Mortgage: $/month

MLS Number CAR3542302

  • MultiFamily
  • Bedrooms 6
  • Square Feet 4398
  • Year Built 1970
  • Acreage 2.71

This beautiful mountain home located on Town Mountain is just 3 miles from downtown, 5 miles from the Biltmore Estate and 2 miles from the Grove Park Inn. Secluded and quiet w/ beautiful,abundant views, it offers the perfect balance of private retreat and easy access to all that is Asheville (restaurants, cultural shopping,etc) Enjoy refreshments on the stone patio under one of the 200-year-old oak trees, stroll along the walking trails through the gently wooded acreage, or lounge in the hammock and watch the sun chase shadows on the mountains.Fully equipped mother- in- law apartment w/access both inside and out( potential Income) Six guest rooms have private baths with independent Temperature controls. High-speed internet access .Grounds includes a potentially buildable home site. Detached oversized garage with expansion possibilities. Operating as Crooked Oak Mountain Inn but sold as a residence.

Listed by Keller Williams Professionals

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$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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33 Newfound Road Asheville NC 28806

Asheville, NC33 Newfound Road

Price$775,000

Est. Mortgage: $/month

MLS Number CAR3577031

  • MultiFamily
  • Square Feet 1470
  • Year Built 1938
  • Acreage 3

A property with multiple options, open use zoning, and less than 10 miles to downtown Asheville. The main house has 3 beds, 2 baths, living room, kitchen, dinning, laundry, and bonus room all on one level and connected to a huge 900+ sqft garage. Relax outside around the pool and enjoy the large yard with approximately 3 total acres. The property has potential for possible expansion of more units. Currently being rented is a second house, a single-wide, an apartment made above the garage and a lot space that has a single-wide ownen by the individual. Each unit has it's own covered parking.

Listed by Foley Realty Inc

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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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167 & 169 W OAKVIEW Road Asheville NC 28806

MLS Number CAR3573552

  • MultiFamily
  • Bedrooms 5
  • Square Feet 1968
  • Year Built 19532019
  • Acreage 0.71

Great location !!! close to amenities in West Asheville; such as Restaurants, shopping, schools etc. Note: Both houses are under an extensive renovation and will be completed very soon. More current pictures will be added. ( See the attachment documents for prospects buyers) The lock box is located at the from door of 169 Oakview.

Listed by Keller Williams Realty Mountain Partners

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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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28 Ben Lippen Road Asheville NC 28806

Asheville, NC28 Ben Lippen Road

Price$769,500

Est. Mortgage: $/month

MLS Number CAR3570314

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2460
  • Year Built 2013
  • Acreage 0.51

Located moments from the shops, restaurants and charms of downtown Asheville is a stunning property with two lovely homes. Ideal for living or renting, each residence boasts two bedrooms, two baths, and full unfinished basements, offering a myriad of possibilities. Encompassing over 2,400 total square feet, additional appointments include hardwood floors, fireplace, custom built-ins and great room with vaulted ceiling. Both light-filled living quarters feature granite counter tops, stainless steel appliances and perfect spaces for entertaining family and friends.

Listed by Premier Sotheby's Int'l Realty

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$
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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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141 Courtland Avenue Asheville NC 28801

Asheville, NC141 Courtland Avenue

Price$469,900

Est. Mortgage: $/month

MLS Number CAR3534324

  • MultiFamily
  • Bedrooms 5
  • Square Feet 3000
  • Year Built 2004

Investor Alert! Construction is now complete on one unit of this Montford Masterpiece. This building is the perfect combination of quaint neighborhood living on the streets of Montford and the relief of a low maintenance lifestyle. The 2BR/1.5BA condo is finished to perfection and is perfect for those who want a small footprint with high-end finishes to call home. The location satisfies a desire to be near the hustle and bustle of downtown Asheville but provides the opportunity to live in an enclave of enchanting historic homes and neighborhood restaurants. Unit A features an open floor plan, hardwood floors & a stainless and granite kitchen, this unit has been repurposed and redesigned with modern, clean finishes throughout. Unit B has over 2000 sqft, a master on main (3 BR/2.5BA) and is currently an unfinished blank canvas - time to let your creativity flow! Then either live in one and rent the other, rent them both, or sell the entire building as a finished Montford Treasure!

Listed by Keller Williams Professionals

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$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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1771 Old Haywood Road Asheville NC 28806

Asheville, NC1771 Old Haywood Road

Price$500,000

Est. Mortgage: $/month

MLS Number CAR3555675

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2123
  • Year Built 1947
  • Acreage 1.52

INVESTORS & DEVELOPERS TAKE NOTE! Fantastic opportunity near West Asheville: 2 existing homes with plenty of additional space for single-family or multi-family development. Over an acre of flat, easily-buildable land with its own waterfall & creek. Plenty of road frontage with easy access to water & sewer. Property is adjacent to Asheville city limits with Buncombe County zoning. Existing home is solid brick construction and features hardwood floors, enclosed front porch, a full walkout basement, and tons of deck space overlooking the property. Lower level currently listed as unfinished space but was previously connected to HVAC and could easily be converted back into additional living area. 2nd home on the property used as a rental and currently brings in $700/month. Property could also make a fantastic family compound close to town! The possibilities are endless. *Listing agent must accompany all showings, and rental unit may only be accessed on 2nd showings for truly serious buyers.

Listed by Hi-Alta Real Estate

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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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19 Castle and 131 Unadilla Avenue Asheville NC 28803

MLS Number CAR3563846

  • MultiFamily
  • Bedrooms 3
  • Square Feet 1527
  • Year Built 2002
  • Acreage 0.12

PERFECT! PERFECT! PERFECT! TWO HOMES FOR THE PRICE OF ONE! Minutes to Downtown Asheville. Walking distance to Biltmore Estate, Biltmore Village and Mission Hospital and Interstate. Can you ask for more? Live in one, rent the other for income. Rent them both for more Income. Quality throughout and location makes this investment that much sweeter. Come take a look! Call Listing Agent for an interior appointment. Feel free to drive by and take a look. Please Do Not disturb tenants.

Listed by Jacob Lions, Broker

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$
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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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179 Mckinney Road Asheville NC 28806

Asheville, NC179 Mckinney Road

Price$599,000

Est. Mortgage: $/month

MLS Number CAR3525800

  • MultiFamily
  • Acreage 2.11

Investors, take note! Very well kept park, minutes to West Asheville and I-40. The park has up-to-date and meticulously maintained financials and a history of long-term tenants. Very low turnover and high occupancy rates. YTD net income is above 2018 numbers. City water and well-documented septic systems and permits. There are 9 single-wide units, one double-wide, and an older single-wide used as general storage, which could be converted into an income generating storage unit. See rent roll, survey, septic schematic, P&L, and mobile home inventory list in attachments.

Listed by NAI Beverly-Hanks

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$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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 Howland Road Asheville NC 28804
Active With Contract

MLS Number CAR3539414

  • MultiFamily
  • Bedrooms 4
  • Square Feet 2355
  • Year Built 1965
  • Acreage 0.95

Unique quiet mountain living in the city with lots of woods. Four rondettes are remodeled with tenants Two of the rondettes may be renovated or torn down for new replacement income. This property is conveniently located on Town Mountain. Property is ideal for simple, urban living in a mountain retreat environment Notice to all tenants requires. Minimum of 24 hrs. More is preferred. Units R17 & R19 both have new roofs as of 11/2019.

Listed by Keller Williams Biltmore Village

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$
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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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 Cumberland Circle Asheville NC 28801

Asheville, NC3 Cumberland Circle

Price$780,000

Est. Mortgage: $/month

MLS Number CAR3532934

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2637
  • Year Built 1910
  • Acreage 0.93

Wonderful Montford Original, built in 1910. Now operated as apartments. Home could be returned to single family. Great income property with 5 one bedroom units. Sits on .93 acres that are zoned RS8. Additional homes could be built on land. House sits on front right hand corner of land. Tremendous possibilities.

Listed by Candy Whitt & Associates

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$
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$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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652 Sand Hill Road Asheville NC 28806

Asheville, NC652 Sand Hill Road

Price$349,000

Est. Mortgage: $/month

MLS Number CAR3511626

  • MultiFamily
  • Year Built 9999
  • Acreage 1.53

Great opportunity to own a 5 unit mobile home park (4 units owned by the seller convey) that is located within the city limits and has public water and sewer. Property is fully rented with month to month leases and is conveniently located to the West Asheville shops, I240 and I40 access.

Listed by RE/MAX Executive

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$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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244 Beaverdam Road Asheville NC 28804

Asheville, NC244 Beaverdam Road

Price$475,000

Est. Mortgage: $/month

MLS Number CAR3520652

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1895
  • Year Built 1928
  • Acreage 0.67

New Reduced Price on this Fantastic investment opportunity in Beaverdam! 2 homes on 1 huge, flat lot bordered in the back by Beaverdam Creek. Lots of options here, live in one and use other as guest house, live/rent or simply rent both! Front house is a well kept, 2 bed/1 bath classic, 1920's bungalow with all the original charm. Wood floors and trim, fireplaces, covered front porch with swing, fully fenced front yard and an enclosed sunroom in the back. House has an updated electric panel, natural gas furnace, updated bathroom and kitchen with stainless appliances and new paint throughout. Back house is also a 2 bedroom 1 bath, cozy cottage with a nice little front porch and an incredible back yard. The extra large lot provides a fantastic space for kids to play, gardening, and entertaining. All this within minutes of downtown, Beaver Lake and Weaverville. Also being marketed as a single family residence MLS #3517425. Back house is in flood fringe. Bank may require flood insurance.

Listed by Town and Mountain Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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 and 27 Smooth Rock Trail Asheville NC 28803

MLS Number CAR3478611

  • MultiFamily
  • Bedrooms 5
  • Square Feet 3947
  • Year Built 1940
  • Acreage 2.6

Great Investment Opportunity in prime location. Only minutes to South Asheville and less than 20 minutes to downtown. Consists of 2 homes on 2.6 acres. The main home has 3 bedrooms and 1.5 baths and has been updated with new heat pump, new water heater, new flooring, newer roof, and much more. Second home has 2 bedrooms and 2 baths with beautiful wood throughout, newer roof, new water heater, and large master loft suite. Both homes would make great rentals or you could live in one and rent the other. Also there is a basement area below the second home that is finished and may be able to convert it to a rental if you add a closet and small kitchen. The basement previously had a kitchen but was converted to a laundry area. There are several creeks running throughout the property and a large green space for a garden or possibly farm animals. Listing includes separate PIN of 9656-90-9095. This property is also listed as Single Family with MLS 3478609 and Commercial as MLS 3478614.

Listed by Mountain Oak Properties

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$
%
$/month over payments
Federal 30-year interest rate: 3.6% last updated on Jan 23, 2020
* 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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