Arts and Crafts

181 Merrimon Avenue

Asheville , NC 28801

MLS#: 4197890

$998,000

Status: Active
Listing number: 4197890
Listing provided by: Appalachian Realty Associates
Listing agent phone: None
Last update: 3 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

4

1/2 Baths

None

Year Built

1907

Sq.Footage

3,212

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    4

  • Above Grade Finished Area

    3212.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Hot Water, Natural Gas

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    No

  • View

    City

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

  • Architectural Style

    Arts and Crafts

Price

  • Sales Price

    $998,000

  • Sq. Footage

    3, 212

  • Price/SqFt

    $310

HOA

  • Association

    No

School District

  • Elementary School

    Asheville City

  • Middle School

    Asheville

  • High School

    Asheville

Property Features

  • Foundation Details

    Pillar/Post/Pier

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Buncombe

Elementary School

Asheville City

Middle School

Asheville

High School

Asheville

Listing Courtesy of Gray Tolson , Appalachian Realty Associates

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Zaneta Mowatt

Agent

Zaneta Mowatt

Call Zaneta today to schedule a private showing.

(704) 904-7596

zaneta@prestinoadvantage.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Price reduced
PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors. Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand. This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.
#4317652

Asheville

17 Hat Creek Drive

None Beds

None Baths

7,240 Sq.Ft.

$1,050,000

MLS#: 4317652

Price reduced
Is this the most interesting property available in Asheville? Even without the eclectic furnishings (some of which are available), the unique and versatile layout lends itself to a variety of uses: single-family, multifamily, rental, live/work, artist studio, retail/commercial, or a mix. Zoning is the rare and coveted Neighborhood Business. So many extraordinary touches and endless customizations make it special, showing the high quality and thoughtful design. The studio apartment is being left fully furnished/turnkey and has been a reliable rental at $1800+ per month. Second floor living area has been rented for $2600+ per month. The first floor live/work space is also being prepared for rental which will bring in additional revenue. Amazing location in a friendly neighborhood in between Charlotte St and Merrimon Ave and just a mile to downtown. 3 bedrooms, 4 bathrooms, 3 kitchens, plus a bonus loft at the top! City confirmed that homestay short term rental STR possibility with two of the units with minor modifications if you live in the third. Sellers explored connecting the first and second floors to make it a more traditional two-story home but preferred the current layout so that hasn't been done but is possible according to the sellers and the City. It is well built and well-maintained. Provide proof of funds or preapproval letter with showing request. Check out the 3-D walk-through to get a sense of the layout and efficient design.
#4326761

Asheville

297 Hillside Street

3 Beds

4 Baths

2,016 Sq.Ft.

$950,000

MLS#: 4326761

Price reduced
Welcome home to sun-filled living with mountain views! This newer construction residence offers an excellent value in today’s market, blending modern style with versatile living options. The main level features a bright open floor plan with a wood-burning fireplace, a cooks kitchen with granite countertops, stainless appliances, and sleek tile finishes, plus a primary suite designed for comfort and convenience. Upstairs, two bedrooms and a full bath provide flexible space for a home office, guest rooms, or play area. The lock-off lower-level apartment at 75 Beaver Drive creates outstanding potential for rental income or multi-generational living, with its own private entrance, parking, power meter, patio, laundry, and spacious 2BR/1BA layout. Generous windows flood all three levels with natural light, while outdoor living shines with a large deck, landscaped yard, and cozy fire pit area. Ideally located just minutes from Beaver Lake and the shops, dining, and amenities of North Asheville, this property combines comfort, flexibility, and convenience in one inviting package.
#4299664

Asheville

17 Elkmont Terrace

5 Beds

3 Baths

1,856 Sq.Ft.

$850,000

MLS#: 4299664

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service