$2,650,000

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 $214/sqft
  • Property List Date Icon Listed 2 months 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:
May 10, 2026 at 4:18PM
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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