416 S Cherokee Avenue Black Mountain, NC $ 799,999
416 S Cherokee Avenue
$ 799,999
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416 S Cherokee Avenue

Black Mountain, NC, 28711
$ 799,999
Bedrooms4 Baths3.0 Sq 2,201

Monthly Estimate*

$ 5,525

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Multi-Family Home for sale in Black Mountain, NC

for $799,999 with 4 bedrooms and 3 full baths. This 2,201 square foot home was built in 1965 on a lot size of 0.45.

Two Homes | Multigenerational Living | Proven Short-Term Rental Success Welcome to a rare and remarkable opportunity in one of Black Mountain’s most sought-after neighborhoods. Ideally situated across from the scenic Black Mountain Golf Course and just a short stroll to Lake Tomahawk—featuring tennis courts, a playground, and a community pool—this property offers more than a home; it offers a lifestyle defined by charm, connection, and natural beauty. This unique property includes two thoughtfully maintained residences on a single parcel, making it ideal for multigenerational living, an income-producing investment, or a live-and-earn arrangement. The main home offers 1,394 square feet of comfortable, well-designed living space with a functional layout suited for everyday living or long-term rental potential. Privately set just behind, the 807 square foot one-bedroom guest cottage is a proven short-term rental performer. Carefully curated for guest comfort, it has become a favorite retreat for visitors who return year after year to experience the charm of Black Mountain. Don’t miss this exceptional opportunity to own a versatile property in one of Western North Carolina’s most welcoming and vibrant communities.

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Multi-Family Active

Price

$ 799,999

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.45

Year Built

1965

Town/City

Black Mountain

County/Region

Buncombe

MLS | Web ID

4331920

Features
General
Living Area 2201
Sewer Public Sewer
Heating Electric Heat Pump
Cooling Electric Heat Pump
Utilities Cable Available Electricity Connected
Roof Architectural Shingle
Appliances Dishwasher Disposal Dryer Electric Oven Electric Range Electric Water Heater Refrigerator Washer
Zoning UR-8
Garage Spaces 1
Patio/Porch Features Deck Front Porch
Construction Materials Brick Partial Hardboard Siding
Exclusions See List Attached to listing
Pets Allowed Yes
Year Built 1965
View Golf Course
Property Subtype Portfolio
Parcel Number 0619-07-2531-00000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Methodist Colony
Garage Y/N Y
Full Baths 3
Directions Google Maps takes you right to it
High School Charles D Owen
City Black Mountain
Senior Community Y/N N
Open Parking Spaces 10
Number Of Units Total 2
Lot Size Units Acres
Carport Y/N N
Elementary School Black Mountain
Middle/Junior High School Charles D Owen
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/9f7f8d58-6c6f-4375-895b-dc5d4d40197f?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/9f7f8d58-6c6f-4375-895b-dc5d4d40197f?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Construction Type Site Built
Tax Assessed Value 705600
Listing Terms Cash Conventional
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Interior
Basement Basement Garage Door
Flooring Wood
Fireplace Features Den
Basement (Y/N) N
Fireplace Y/N Y
Above Grade Finished Area 2201
Half Baths 0
Laundry Features Inside
Total Bedrooms 4
Below Grade Finished Area 0
SqFt Garage 336
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Exterior
Fencing Partial
Parking Features Driveway
Water Source City
Lot Size Area 0.45
Foundation Details Crawl Space
Building Area Total 2201
Road Surface Type Gravel Paved
Other Parking Garage space is in the basement of the cabin. Currently used as a workshop.
Road Responsibility Publicly Maintained Road
Main Level Garage YN Y
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Internal Only
Street Number 1 416
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* Excluded Features
List By
Mosaic Community Lifestyle Realty

Broker

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$5,525
Per Month
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Monthly Principal & Interest
$5,525
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2091927 Elementary School
2091928 Middle School
Charles D Owen High School High School
Pricing History
DatePricePrice ChangeDescription
6/12/2026$799,999 -5.88% Price Down
1/16/2026$850,000 -5.03% Price Down
12/30/2025$895,000 Listed Price

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416 S Cherokee Avenue, Black Mountain, NC, 28711 is a Multi-Family Home for sale at $799,999 with 2,201 sqft and a lot size of 0.45. 416 S Cherokee Avenue has 4 bedrooms, 3.0 baths, and was built in 1965. The property's zip code is 28711 which is in Black Mountain, NC