+15 more
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+10
$339,900
3 bd
1 ba
1,445 sqft
49 Madison Avenue
Asheville, NC 28801
14 days on market
Property Type
Residential
Year Built
1915
Lot Size
0.14 acres
Garage
—
About This Property
Investment Opportunity: Prime Development Potential in the Heart of Asheville
Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This 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 or your Renovation Team.
Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units.
Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex.
Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage.
Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple.
This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here.
All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This 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 or your Renovation Team.
Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units.
Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex.
Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage.
Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple.
This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here.
All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
Property Details
Interior
- Bedrooms
- 3
- Bathrooms
- 1
- Basement
- Yes
- Living Area
- 1,445 sqft
- Fireplace
- Yes
Exterior & Lot
- Lot Size
- 0.14 acres
- Year Built
- 1915
Location
- Subdivision
- Hillside Park
- County
- Buncombe
- ZIP Code
- 28801
Financial
- Listing Terms
- Cash, Conventional
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Claxton
- Middle School
- Asheville
- High School
- Asheville
Appliances
None
Heating
Heat Pump
Cooling
Central Air
Location
Listing Information
- MLS #
- CAR4394135
- Listing Agent
- Robert Hoke
- Listing Office
- Blueblaze Real Estate Group LLC
- Listed Date
- Jun 19, 2026
Contact Susan Young About This Property
Interested in 49 Madison Avenue? Send us a message and we'll get back to you.