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$625,000
5 bd
3 ba
2,304 sqft
55 Congress Street
Asheville, NC 28801
Property Type
Residential
Year Built
1980
Lot Size
0.35 acres
Garage
—
About This Property
Centrally located in the heart of Asheville, this 5BD/3BA versatile and spacious home combines exceptional convenience with impressive income potential. Minutes from Downtown Asheville, Mission Hospital, A-B Tech, the River Arts District, iconic local breweries, and historic Biltmore Village, the location couldn't be more ideal.
Inside, the home features a light-filled layout complemented by a renovated lower level—perfect for a mother-in-law suite, a private multi-bedroom rental, or mid-term housing. The seller has successfully utilized portions of the home to house traveling medical professionals, providing a steady stream of additional revenue.
Unwind on the oversized front porch while taking in year-round views of Downtown Asheville and the surrounding Blue Ridge Mountains. Out back, an expansive backyard offers endless possibilities for gardening, outdoor entertaining, or potential future development. Whether you're seeking a primary residence with passive income, a multi-generational living setup, or an investment property, this Asheville gem delivers on every level.
Situated just minutes from Downtown Asheville, this strategically located property is far more than a charming residence—it is a rare chance to capitalize on flexible RS-8 zoning and Asheville’s expanding residential density initiatives.
Under current regulations, RS-8 zoning allows 2 units for the initial 4,000 sq. ft. of parcel area, plus 1 additional unit for every extra 1,000 sq. ft. A parcel of 5,000+ sq. ft. can accommodate up to 3 units, opening doors for duplexes, multi-family infill, or expanded Accessory Dwelling Units (ADUs). (Buyer/Buyer's Agent to verify subdivision potential and allowable build parameters with City of Asheville Planning) This home is being sold strictly As-Is and requires unfinished repairs and updates. Schedule your showing today and explore the possibilities!"
Inside, the home features a light-filled layout complemented by a renovated lower level—perfect for a mother-in-law suite, a private multi-bedroom rental, or mid-term housing. The seller has successfully utilized portions of the home to house traveling medical professionals, providing a steady stream of additional revenue.
Unwind on the oversized front porch while taking in year-round views of Downtown Asheville and the surrounding Blue Ridge Mountains. Out back, an expansive backyard offers endless possibilities for gardening, outdoor entertaining, or potential future development. Whether you're seeking a primary residence with passive income, a multi-generational living setup, or an investment property, this Asheville gem delivers on every level.
Situated just minutes from Downtown Asheville, this strategically located property is far more than a charming residence—it is a rare chance to capitalize on flexible RS-8 zoning and Asheville’s expanding residential density initiatives.
Under current regulations, RS-8 zoning allows 2 units for the initial 4,000 sq. ft. of parcel area, plus 1 additional unit for every extra 1,000 sq. ft. A parcel of 5,000+ sq. ft. can accommodate up to 3 units, opening doors for duplexes, multi-family infill, or expanded Accessory Dwelling Units (ADUs). (Buyer/Buyer's Agent to verify subdivision potential and allowable build parameters with City of Asheville Planning) This home is being sold strictly As-Is and requires unfinished repairs and updates. Schedule your showing today and explore the possibilities!"
Property Details
Interior
- Bedrooms
- 5
- Bathrooms
- 3
- Basement
- Yes
- Living Area
- 2,304 sqft
Exterior & Lot
- Lot Size
- 0.35 acres
- Year Built
- 1980
Location
- Subdivision
- E Riverside Urban Renewal Area
- County
- Buncombe
- ZIP Code
- 28801
Financial
- Listing Terms
- Cash, Conventional, FHA
Utilities
- Utilities
- Cable Connected, Electricity Connected, Wired Internet Available
- Sewer
- Public Sewer
Schools
- Elementary
- Asheville Primary
- Middle School
- Asheville
- High School
- Asheville
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
Heating
Baseboard, Electric, Heat Pump
Cooling
Ceiling Fan(s), Ductless, Window Unit(s)
Patio & Porch Features
Covered, Deck, Front Porch
Location
Listing Information
- MLS #
- CAR4423785
- Listing Agent
- Sandra Kilgore
- Listing Office
- Kilgore & Associates RealEstat
- Listed Date
- Sep 13, 2026
Contact Jonathan Jackson About This Property
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