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.
Active
$1,095,000
181 Merrimon Ave, Asheville, NC 28801
--beds
3,212sqft
Est.:
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$341/sqft
$-- HOA
What's special
Bonus roomOff street parkingStudio apartments
- 224 days
- on Zillow |
- 287 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: January 29, 2025 at 10:29am
Listing Provided by:
Gray Tolson gray@appalachianrealty.com,
Appalachian Realty Associates
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4197890

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
- Laundry: None
Features
- Basement: Apartment
Interior area
- Total structure area: 3,212
- Total interior livable area: 3,212 sqft
- Finished area above ground: 3,212
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 0.41 Acres
Details
- Parcel number: 964944212600000
- Zoning: CBI
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Arts and Crafts
- Property subtype: Multi Family
Materials
- Cedar Shake
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Location
- Region: Asheville
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $341/sqft
- Tax assessed value: $741,300
- Annual tax amount: $7,658
- Date on market: 11/8/2024
- Listing terms: Cash,Conventional
- Tenant pays: All Except Water
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
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