$500,000

65 King Street, Asheville, NC 28804

  • 3 beds |
  • 2 baths |
  • 1,392 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1937
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $359/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Excellent investment opportunity in a prime Asheville location! 65 King Street offers two separate rental units within walking distance of UNCA, the Reed Creek Greenway, and Downtown Asheville. Both units are currently occupied by long-term tenants, providing an attractive opportunity for an investor seeking stable, established rental income. Unit A features 2 bedrooms and 1 bath and currently rents for $1,450/month. Unit B offers 1 bedroom and 1 bath and currently rents for $1,700/month. Both tenants are currently under lease through summer 2027 and have expressed interest in extending their leases, subject to the next owner's approval. The property has also benefited from significant recent improvements, including new decks, siding, windows, and HVAC systems in early 2025. Both units have upgraded electrical panels, and separate utility submeters and hot water heaters, allowing tenants to be billed directly for utilities. The metal roof was installed in 2017, and ongoing interior maintenance has included fresh paint, floor refinishing, and other routine updates. With two established rental units, reliable long-term tenants, recent improvements, and an unbeatable location close to UNCA, greenways, and Downtown Asheville, 65 King Street is an excellent opportunity to add a turnkey, income-producing property to your portfolio.

Listing Status:
Active
Data Last Updated:
September 22, 2026 at 1:17PM
Listing Office:
Nest Realty Asheville : 828-318-8313
MLS ID:
4423788
  • Rooms: Primary BedroomBedroom(s)Bathroom(s)KitchenLiving RoomDining Area
  • Appliances: Electric RangeRefrigerator
  • Laundry: In UnitMain Level
  • A/C: Ductless
  • Heating: Ductless
  • Parking: Driveway
  • Roofing: Composition
  • General: Site BuiltCrawl Space
  • Road/Access: GravelPaved
  • Originating MLS: carolina
  • County: Buncombe
  • Zoning: RS89649-27-7295-00000
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of Nest Realty Asheville

Monthly Payment

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

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Location

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