49 Madison Avenue
$339,900
3 bd 1 ba 1,445 sqft
49 Madison Avenue
Asheville, NC 28801
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.

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
Susan Young
Susan Young
Realtor®, Broker Associate

Contact Susan Young About This Property

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