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$2,650,000
12,372 sqft
2147 Brevard Road
Arden, NC 28704
Active Under Contract
90 days on market
Property Type
Residential Income
Year Built
1998
Lot Size
2.85 acres
Garage
—
About This Property
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.
Property Details
Interior
- Basement
- Yes
- Living Area
- 12,372 sqft
- Stories
- 2
Exterior & Lot
- Lot Size
- 2.85 acres
- Year Built
- 1998
Location
- County
- Buncombe
- ZIP Code
- 28704
Financial
Utilities
- Sewer
- Septic Installed
Schools
- Elementary
- Avery's Creek/Koontz
- Middle School
- Valley Springs
- High School
- T.C. Roberson
Appliances
Electric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator
Heating
Central, Forced Air, Heat Pump, Natural Gas
Cooling
Central Air
Patio & Porch Features
Deck
Location
Listing Information
- MLS #
- CAR4345037
- Listing Agent
- John Menkes
- Listing Office
- G/M Property Group
- Listed Date
- Mar 15, 2026
Contact Susan Young About This Property
Interested in 2147 Brevard Road? Send us a message and we'll get back to you.
