Excellent Opportunity in Swannanoa!
Whether you’re looking for a home that offers flexibility and extra income or a smart investment property, this versatile home fits the bill. Peaceful country setting just minutes from Warren Wilson College, scenic trails, and community parks—and only 12 minutes to both downtown Black Mountain and Asheville—this location perfectly blends convenience and charm.
The updated upper-level unit features a bright 1-bedroom, 1-bath studio layout with a cozy living area, a charming kitchen, and a private balcony off the bedroom. Furniture can stay! The lower-level unit, newly renovated and twice the size of the upper, includes a spacious bedroom and sitting area, a well-appointed kitchen with eat-in dining space, an office nook, and an updated bathroom.
Both units share a convenient laundry area with exterior access. Additional storage abounds with three separate spaces—a large two-story shed beside the home, a smaller backyard shed, and an attached storage area on the lower level. Also listed as SFR MLS 4322798. No dedicated closet in the bedroom
The current owners have provided a P&L statement for the upper unit, and the newly completed lower unit offers even greater income potential. See attached P&L for details.
Active
Price cut: $26K (12/7)
$399,000
223 Davidson Rd, Swannanoa, NC 28778
2beds
1,349sqft
Est.:
Duplex
Built in 2002
-- sqft lot
$388,500 Zestimate®
$296/sqft
$-- HOA
What's special
Updated bathroomSpacious bedroomOffice nookCharming kitchenSitting area
- 52 days |
- 334 |
- 30 |
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 06:21am
Listing Provided by:
Anna Peddy anna@preferredprop.com,
Preferred Properties
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4318186
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Ductless, Wall Furnace
Cooling
- Ductless
Appliances
- Included: Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
- Laundry: Common Area
Features
- Flooring: Vinyl, Wood
- Basement: Apartment,Exterior Entry,Finished
Interior area
- Total structure area: 1,349
- Total interior livable area: 1,349 sqft
- Finished area above ground: 513
- Finished area below ground: 836
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Features
- Stories: 1
- Patio & porch: Rear Porch
- Exterior features: Fire Pit
Lot
- Size: 0.52 Acres
- Dimensions: 0.52
- Features: Level, Sloped, Views
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: 968912199400000
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl
- Roof: Metal
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Septic Installed
- Water: City
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Swannanoa
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $190,800
- Annual tax amount: $1,255
- Date on market: 11/4/2025
- Cumulative days on market: 52 days
- Listing terms: Assumable,Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Gravel, Paved
Estimated market value
$388,500
$369,000 - $408,000
$1,864/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2025 | Price change | $399,000-6.1%$296/sqft |
Source: | ||
| 11/20/2025 | Price change | $425,000-4.5%$315/sqft |
Source: | ||
| 11/4/2025 | Listed for sale | $445,000+87.4%$330/sqft |
Source: | ||
| 12/18/2020 | Sold | $237,500-2.1%$176/sqft |
Source: | ||
| 11/3/2020 | Pending sale | $242,500$180/sqft |
Source: EXP Realty LLC #3668535 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,255 +3.1% | $190,800 |
| 2023 | $1,217 +1.6% | $190,800 |
| 2022 | $1,198 | $190,800 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,218/mo
Principal & interest
$1905
Property taxes
$173
Home insurance
$140
Climate risks
Neighborhood: 28778
Nearby schools
GreatSchools rating
- 4/10W D Williams ElementaryGrades: PK-5Distance: 1.4 mi
- 6/10Charles D Owen MiddleGrades: 6-8Distance: 3 mi
- 7/10Charles D Owen HighGrades: 9-12Distance: 3.3 mi
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