2147 Brevard Road Arden, NC $ 2,650,000
2147 Brevard Road
$ 2,650,000
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2147 Brevard Road

Arden, NC, 28704
$ 2,650,000
Bedrooms-- Baths0.0 Sq 12,372

Monthly Estimate*

$ 18,303

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Multi-Family Home for sale in Arden, NC

for $2,650,000. This 12,372 square foot home was built in 1998 on a lot size of 2.85.

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.

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Multi-Family Contingent

Price

$ 2,650,000

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

2.85

Year Built

1998

Town/City

Arden

County/Region

Buncombe

MLS | Web ID

4345037

Features
General
Living Area 12372
Sewer Septic Installed
Heating Central Forced Air Heat Pump Natural Gas
Cooling Central Air
Roof Composition
Appliances Electric Oven Electric Water Heater Gas Range Oven Refrigerator
Zoning R-1
Patio/Porch Features Deck
Construction Materials Vinyl
Pets Allowed Yes
Year Built 1998
Tenant Pays Cable TV Electricity Gas
Stories Count 2
Property Subtype Duplex
Parcel Number 96335555790000
Waterfront Features None
Additional Parcels Description 96335556660000 96335557720000 96335557780000 96335558650000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
High School T.C. Roberson
City Arden
Senior Community Y/N N
Number Of Units Total 10
Lot Size Units Acres
Carport Y/N N
Elementary School Avery's Creek/Koontz
Middle/Junior High School Valley Springs
Additional Parcels Y/N Y
Standard Status Active Under Contract
Construction Type Site Built
Tax Assessed Value 1434500
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Interior
Basement Other
Fireplace Features Gas
Basement (Y/N) Y
Above Grade Finished Area 12372
Laundry Features In Unit
Below Grade Finished Area 0
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Exterior
Parking Features Parking Lot
Water Source Well
Lot Size Area 2.85
Foundation Details None
Building Area Total 12372
Road Surface Type Asphalt Paved
Road Responsibility Private Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 2147
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* Excluded Features
List By
G/M Property Group

Broker

Affordability Calculator

$18,303
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,303
Monthly Property Taxes
--
Monthly Home Insurance
--
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
2649952 Elementary School
2649947 Middle School
T.C. Roberson High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2026$2,650,000 -5.36% Price Down
2/10/2026$2,800,000 Listed Price

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2147 Brevard Road, Arden, NC, 28704 is a Multi-Family Home for sale at $2,650,000 with 12,372 sqft and a lot size of 2.85. 2147 Brevard Road has 0.0 baths and was built in 1998. The property's zip code is 28704 which is in Arden, NC