$650,000
113 Stewart Street: Four Units, One Property
If this is your first rental property, here's what makes 113 Stewart Street worth a second look: one property, three buildings, 2,360 total square feet of heated living area, and four separate spaces that can each generate income on their own. You don't have to pick one strategy on day one. Live in one unit and rent the rest, lease all four long-term, keep one as a short-term rental for extra cash flow, or mix and match while you figure out what works for you.
Main house, upper level
Two bedrooms, a full bath, and a real kitchen, reached through its own private entrance so a tenant here never has to pass through the rest of the property to get home. There's a gas-log fireplace in the bedroom that can be converted back to wood-burning if a tenant or owner wants that someday, and electric heat covers the rest of the floor. Straightforward long-term lease material.
Main house, ground level
Also laid out as two bedrooms with a full bath, this level has its own full kitchen, a full-size side-by-side washer-dryer, and two more gas-log fireplaces that can also switch back to wood-burning. It's self-contained enough to work as its own long-term rental, an in-law suite, or a live/work space for a tenant who wants room to run something small out of the ground floor.
The Writing Cottage (ADU)
A freestanding building, originally built as a writing cottage, well suited to short-term rental use: it has its own kitchen with a stacked washer-dryer and a full bath, so guests can be fully self-sufficient. It sits on its own septic system, separate from the city sewer that serves the main house and garage, with the tie-in already run if a future owner wants to convert it over. Being a short walk from a restaurant and a tea room only helps here; guests notice that kind of thing when they're choosing where to book.
The garage studio
This one used to be a plain garage; a remodel between 2011 and 2019 turned it into a studio and put in its wiring and plumbing for the first time, along with a full bath and a kitchenette on the ground level. There's a loft above for sleeping or extra storage. Turning this into a fully self-contained fourth unit is mostly a matter of finishing out the loft, not adding new infrastructure, which makes it the value-add piece of the four.
Location does some of the leasing for you
The property sits just off Greenville Highway, about a three-minute walk from Flat Rock Wood Room and roughly four minutes from A Southern Cup Fine Teas and Boxwoods, with groceries and other everyday shopping just a short drive away. That's close enough to matter in a listing photo caption, and it's the kind of detail that helps both long-term tenants and short-term guests pick this property over a similar one a mile away.
4
Baths
⋅
4410279
MLS
⋅
ACTIVE
Status
111-113 Stewart Street, Hendersonville
Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. Michelle@LovingAshevilleLiving.com
