This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.
Active
$2,800,000
2147 Brevard # 1 Rd, Arden, NC 28704
--beds
--baths
12,372sqft
Est.:
Duplex
Built in 1998
-- sqft lot
$-- Zestimate®
$226/sqft
$-- HOA
What's special
Five townhome-style duplexes
- 17 days |
- 319 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: February 11, 2026 at 02:13am
Listing Provided by:
John Menkes jmenk@gmproperty.com,
G/M Property Group,
Jeremy Goldstein,
G/M Property Group
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4345037
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Facts & features
Interior
Heating
- Central, Forced Air, Heat Pump, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator
- Laundry: In Unit
Features
- Basement: Other
- Fireplace features: Gas
Interior area
- Total structure area: 12,372
- Total interior livable area: 12,372 sqft
- Finished area above ground: 12,372
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 2
- Patio & porch: Deck
- Waterfront features: None
Lot
- Size: 2.85 Acres
Details
- Additional parcels included: 96335556660000,96335557720000,96335557780000,96335558650000
- Parcel number: 96335555790000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl
- Foundation: None
- Roof: Composition
Condition
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Location
- Region: Arden
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $1,434,500
- Date on market: 2/10/2026
- Cumulative days on market: 17 days
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/10/2026 | Listed for sale | $2,800,000+1811.3%$226/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4345037 Report a problem | ||
| 3/3/2012 | Listing removed | $146,500$12/sqft |
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem | ||
| 7/16/2011 | Listed for sale | $146,500$12/sqft |
Source: Mountain Lifestyles #434925 Report a problem | ||
| 3/6/2011 | Listing removed | $146,500$12/sqft |
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem | ||
| 11/12/2009 | Price change | $146,500-5.8%$12/sqft |
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem | ||
| 6/4/2009 | Listed for sale | $155,500$13/sqft |
Source: Century 21 #434925 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$14,607/mo
Principal & interest
$13370
Property taxes
$1237
Climate risks
Neighborhood: 28704
Nearby schools
GreatSchools rating
- 8/10Avery's Creek ElementaryGrades: PK-4Distance: 2.3 mi
- 9/10Valley Springs MiddleGrades: 5-8Distance: 3.4 mi
- 7/10T C Roberson HighGrades: PK,9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Avery's Creek/Koontz
- Middle: Valley Springs
- High: T.C. Roberson
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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