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Listing provided courtesy of Asheville Realty GroupMLS# 4357331MLS ProviderContact Information: [email protected]
  • 85 days on site
  • 2 views

This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. This tranquil setting is unique, makes the apartments more desirable, and drives interest. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

Source: Canopy MLS, MLS#: 4357331

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  • Property Type
    Residential Income

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  • Median Age
    39
  • Population Density
    139
  • College Educated
    31%
  • Estimated Median Income
    $45,096
  • Estimated Total Home Owners
    3,303
  • Estimated Total Renters
    1,223
  • Owner / Renter Divide
    73% / 27%
  • Estimated Average Household Size
    3
  • Total Population
    11,764
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 50 & 52 Smith Road

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/13/2026Source: Canopy MLS Price Reduction
$1,449,000 -3.4%
4/6/2026Source: Canopy MLS Added to Database
April 06, 2026
10/31/2023Source: Canopy MLS Added to Database
October 31, 2023