$2,800,000

2147 Brevard Road, Arden, NC 28704

  • 12,372 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1998
  • Property Lot Size Icon2.85acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $226/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.

Listing Status:
Active
Data Last Updated:
March 25, 2026 at 12:16PM
Listing Office:
G/M Property Group : 828-281-4024
MLS ID:
4345037
  • Appliances: Electric OvenElectric Water HeaterGas RangeOvenRefrigerator
  • Laundry: In Unit
  • Basement: Other
  • A/C: Central Air
  • Heating: CentralForced AirHeat PumpNatural Gas
  • Fireplace: Gas
  • Other Structures: Deck
  • Parking: Parking Lot
  • Roofing: Composition
  • General: Site Built
  • Road/Access: AsphaltPaved
  • Originating MLS: carolina
  • County: Buncombe
  • Zoning: R-196335555790000
  • Water: Well
  • Sewer: Septic Installed
  • Source: carolina

This listing courtesy of G/M Property Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Avery's Creek Elementary School

15 Park South Rd, Arden, NC, 28704

Grades PK-4

2.35 miles away

V

Valley Springs Middle School

224 Long Shoals Rd, Arden, NC, 28704

Grades 7-8

3.38 miles away

T

T.C. Roberson High School

250 Overlook Rd, Asheville, NC, 28803

Grades 9-12

3.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.