Excellent Investment Opportunity! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.
Active
$1,500,000
50 & 52 Smith Rd, Leicester, NC 28748
4beds
7,732sqft
Est.:
Multi Family
Built in 2004
-- sqft lot
$1,434,000 Zestimate®
$194/sqft
$-- HOA
What's special
- 14 days |
- 271 |
- 26 |
Zillow last checked:
Listing updated:
Listing Provided by:
Tonya Oxford INFO@AshevilleRealtyGroup.com,
Asheville Realty Group,
Adam Oxford,
Asheville Realty Group
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4357331
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 16
Heating
- Electric, Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Refrigerator, Washer/Dryer
- Laundry: In Unit
Features
- Flooring: Vinyl
- Has basement: No
Interior area
- Total structure area: 7,732
- Total interior livable area: 7,732 sqft
- Finished area above ground: 7,732
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot, Parking Space(s)
Features
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 1.9 Acres
- Features: Green Area
Details
- Additional structures: Shed(s)
- Additional parcels included: 9619-36-1753
- Parcel number: 9619361865
- Zoning: OU
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Leicester
Financial & listing details
- Price per square foot: $194/sqft
- Tax assessed value: $1,083,400
- Date on market: 4/6/2026
- Cumulative days on market: 13 days
- Tenant pays: All Except Water
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$1,434,000
$1.36M - $1.51M
$1,749/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Listed for sale | $1,500,000$194/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4357331 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
$7,954/mo
Principal & interest
$7291
Property taxes
$663
More affordability tools
Climate risks
Neighborhood: 28748
Nearby schools
GreatSchools rating
- 10/10West Buncombe ElementaryGrades: K-4Distance: 2.1 mi
- 6/10Clyde A Erwin Middle SchoolGrades: 7-8Distance: 2 mi
- 3/10Clyde A Erwin HighGrades: PK,9-12Distance: 1.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Buncombe County
- Leicester
- 28748
- 50 & 52 Smith Rd
Nearby cities
Nearby zip codes
Other Leicester Topics
