24 Timothy Street
$279,900
2 bd 1 ba 973 sqft
24 Timothy Street
Asheville, NC 28801
Active Under Contract
4 days on market
Property Type
Residential
Year Built
1928
Lot Size
0.27 acres
Garage

About This Property

Prime Development Potential in the Heart of Asheville, to help the housing shortage. Renovate, RENT OR FLIP!! Renovate and Build your Family Compound.
Current regulations allow 2 units for the first 4000 SF and 1 additional unit for each extra 1000 SF of lot area. So, each lot could be 5,000+ square feet = total of 3 units.
Just in time to celebrate the Significant WIN for Housing in the City of Asheville, that will allow duplexes in all residential zoning districts, Increase the size of ADU's.
Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, his is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment.
Why Investors Will Love This Opportunity
The Value is there!! With great potential to Build More homes!!
Maximum Density: Possibility of 1 Duplex per lot
HVAC is 5 years old and is ready for the Heat, 220 Electrical Box.

Buyers must verify with City planning on subdividing and what structures can be developed on each lot.

Property IS Sold AS IS No Repairs by the Seller

Property Details

Interior

Bedrooms
2
Bathrooms
1
Basement
Yes
Living Area
973 sqft
Fireplace
Yes

Exterior & Lot

Lot Size
0.27 acres
Year Built
1928

Location

Subdivision
None
County
Buncombe
ZIP Code
28801

Financial

Listing Terms
Cash, Conventional

Utilities

Sewer
Public Sewer

Schools

Elementary
Isaac Dickson
Middle School
Asheville
High School
Asheville

Appliances

Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer, Washer/Dryer

Heating

Heat Pump

Cooling

Ceiling Fan(s), Heat Pump

Patio & Porch Features

Covered, Front Porch

Lot Features

Cleared, Level

Location

Listing Information

MLS #
CAR4412352
Listing Agent
Robert Hoke
Listing Office
Blueblaze Real Estate Group LLC
Listed Date
Sep 4, 2026
Jonathan Jackson
Jonathan Jackson
Realtor®, Broker in Charge

Contact Jonathan Jackson About This Property

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