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$319,900
3 Beds ⋅ 1 Baths ⋅ 4394135 MLS ⋅ ACTIVE Status
Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!! Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity or your Renovation Team. The Value is there!! With great potential to Build More homes!! Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units. Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex. Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage. Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple. This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here. All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.

49 Madison Avenue, Asheville

Listing courtesy of Blueblaze Real Estate Group LLC. rhoke317@gmail.com
$350,000
3 Beds ⋅ 2 Baths ⋅ 4392629 MLS ⋅ ACTIVE Status
Conveniently located just off the Woodfin exit, this home offers the perfect combination of convenience and mountain living. Enjoy easy access to Asheville, Weaverville, shopping, dining, outdoor recreation, and everyday amenities while still enjoying a peaceful residential setting. The open-concept floor plan features abundant natural light, a cozy wood-burning stove, tall ceilings in the primary suite, and a spacious custom addition that creates a comfortable retreat. Recent updates include new siding, flooring, interior trim, and fresh interior paint in 2020, along with a new metal roof installed in 2024. Built with both comfort and preparedness in mind, the property includes a whole-home backup generator, two large propane tanks, and an expansive concrete parking area with room for multiple vehicles, trailers, recreational equipment, or guests. Enjoy mountain views from the rear balcony, spend afternoons shooting hoops at the professional-grade basketball goal, and appreciate the combination of functional outdoor space and thoughtful improvements throughout. Move-in ready and well maintained, this property offers a unique opportunity in one of the area's most convenient locations.

43 Pelzer Street, Asheville

Listing courtesy of NextHome Partners. Jesus@nexthome828.com
$334,900
2 Beds ⋅ 1 Baths ⋅ 4373793 MLS ⋅ ACTIVE UNDER CONTRACT Status
INVESTOR NOTICE — SHORT-TERM VACATION RENTALS ALLOWED Only 1.5 miles from vibrant downtown Asheville, this beautifully appointed chalet offers the perfect blend of investment potential and personal mountain retreat. Whether you're looking to expand your STR portfolio or secure your own getaway in one of the Southeast’s most desirable destinations, this property checks every box. Property Highlights: Prime location just minutes to downtown Asheville’s award-winning restaurants, eclectic shopping, nightlife, live music, and thriving arts scene Short-term vacation rentals permitted, making this an exceptional income opportunity Charming, tastefully designed chalet with warm finishes and inviting spaces Fantastic back porch ideal for relaxing in the fresh mountain air Easy access to the Blue Ridge Parkway, Biltmore Estate, hiking, breweries, and all the outdoor adventure Western NC is known for. This home offers the rare combination of convenience, charm, and flexibility — perfect for investors, second-home seekers, or anyone wanting to enjoy the Asheville lifestyle while generating revenue.

8 N Delano Road, Asheville

Listing courtesy of MACKEY REALTY LLC - AVL. agentmarklavin@gmail.com
$579,900
3 Beds ⋅ 3 Baths ⋅ 4378938 MLS ⋅ ACTIVE Status
Gorgeous renovations just completed on this light and bright home in South Asheville’s beloved Crowfields community. You won’t need to lift a finger, just move right in and start enjoying a care-free lifestyle this summer. Everything has been replaced and improved, including stylish kitchen, flooring, light fixtures, appliances, bathrooms + 2 new HVAC units. The kitchen has been recreated for today’s lifestyle, with an open design and modern lighting. A generous dining area is adjacent to the light-filled enclosed porch. The living room area is defined by built in bookshelves and a coveted fireplace. Lots of windows look out onto the beautiful landscaped grounds with a special view towards a creek and the nearby clubhouse. Crowfields is all about living the lifestyle you deserve, with concierge style maintenance from the onsite team that can even help with the little things like getting the trash cans out to the curb. Like living in a park, enjoy the pool all summer and the walking paths and ponds all year. Play cards with friends, grab a book or take a cooking class in the cozy updated clubhouse that serves as a hub for this vibrant community. *12 months HOA fees paid in advance with your accepted offer*

203 Crowfields Drive, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. 828-329-3290
$1,850,000
1 Beds ⋅ 1 Baths ⋅ 4366733 MLS ⋅ ACTIVE Status
Rare 8-unit investment opportunity in the sought-after Beverly Condominiums. This portfolio includes six 1BR/1BA units and two 2BR/2BA units, offering a strong unit mix for consistent rental demand. Ideally located with excellent walkability to shopping, dining, and Mission Hospital, and just minutes to downtown Asheville and Biltmore Village. The community is quiet and well-maintained, appealing to long-term tenants seeking a peaceful residential setting. Each unit offers a low-maintenance, lock-and-go lifestyle, making ownership streamlined and efficient. A compelling opportunity to acquire scale in a proven Asheville location with enduring rental appeal. Rental history available upon request. If there is serious interest in purchasing a smaller subset of units, please contact the listing agent for additional details and potential options.

8 Units - 615 Biltmore Avenue, Asheville

Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown. emily.butcher@allentate.com
$99,000
2 Baths ⋅ 4312244 MLS ⋅ ACTIVE UNDER CONTRACT Status
PRICE REDUCED and READY FOR YOUR VISION! This property is being offered BELOW tax value. Versatile Building with Excellent Access and Great Potential... This concrete block building was used as a church for many years and is now available for purchase. It offers excellent space for gatherings or repurposing into offices or other use allowed by zoning (see Asheville zoning regulations). The property features a large side yard with green space and area in front of the building or along the street that can be used for ample parking. Inside, the lower level includes two bathrooms and multiple classrooms, ideal for educational programs, offices, or meeting spaces. City water and a septic system are in place for convenience. With its durable structure and adaptable layout, this property is ready for its next chapter. Get this property before it is gone! [Note: Furniture and contents are being donated and are negotiable if still available at time of purchase.] Property is zoned as R-3. Building is coded on property card as Com Class C. Buyer to verify use.

576 Deaverview Road, Asheville

Listing courtesy of Better Homes and Gardens Real Estate Heritage. janet@janetfrazier.com
$899,000
4197890 MLS ⋅ ACTIVE Status
INVESTMENT OPPORTUNITY! Classic Asheville four-plex walking distance to downtown with great street exposure. Situated on a large .41 acre lot with plenty of off street parking, these four units have tremendous potential. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler. The property is commercially zoned (CB1) and could be converted to commercial use.

181 Merrimon Avenue, Asheville

Listing courtesy of Appalachian Realty Associates. gray@appalachianrealty.com

“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

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