$1,500,000

50 & 52 Smith Road, Leicester, NC 28748

  • 16 beds |
  • 16 baths |
  • 7,732 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2004
  • Property Lot Size Icon1.9acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $194/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Excellent Investment Opportunity! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

Listing Status:
Active
Data Last Updated:
May 10, 2026 at 8:17PM
Listing Office:
Asheville Realty Group : 828-252-1910
MLS ID:
4357331
  • Rooms: Primary BedroomBedroom(s)Bathroom(s)KitchenLiving Room
  • Appliances: DishwasherElectric RangeRefrigeratorWasher/Dryer
  • Laundry: In Unit
  • Flooring: Vinyl
  • A/C: Heat Pump
  • Heating: ElectricHeat Pump
  • General: Shed(s)
  • Style: Other
  • Other Structures: Deck
  • Parking: Parking LotParking Space(s)
  • Roofing: Composition
  • General: Off Frame ModularCrawl Space
  • Road/Access: AsphaltPaved
  • Originating MLS: carolina
  • County: Buncombe
  • Zoning: OU9619-36-1865
  • View: Mountain(s)
  • Utilities: Cable ConnectedElectricity Connected
  • Water: Well
  • Sewer: Septic Installed
  • Source: carolina

This listing courtesy of Asheville Realty Group

Monthly Payment

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

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