214 Short Michigan Avenue Asheville, NC $ 975,000
214 Short Michigan Avenue
$ 975,000
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214 Short Michigan Avenue

Asheville, NC, 28806
$ 975,000
Bedrooms8 Baths5.1 Sq 3,124

Monthly Estimate*

$ 6,734

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Multi-Family Home for sale in Asheville, NC

for $975,000 with 8 bedrooms and 5 full baths, 1 half bath. This 3,124 square foot home was built in 2003 on a lot size of 0.42.

Asheville Investment Portfolio Opportunity – Tenant-Occupied Rental Properties with Immediate Income! Rare opportunity to acquire income-producing investment properties in Asheville with established tenants and immediate rental potential. This portfolio is ideal for both first-time investors looking to purchase their first rental property and experienced investors seeking to expand their real estate portfolio with additional Asheville assets. Featuring tenant-occupied rental properties, including 214 Short Michigan Avenue and 40 Mulberry Street, this opportunity provides the advantage of existing rental income and a streamlined transition for the next owner. These properties are conveniently located near one another, offering an excellent opportunity for investors looking for easier property management and strategic portfolio growth. Located near downtown Asheville, restaurants, breweries, shopping, entertainment, and major amenities, these properties benefit from strong rental demand in one of Western North Carolina's most desirable real estate markets. Whether you're searching for an Asheville investment property, rental property, income-producing real estate, long-term rental opportunity, cash-flow investment, or portfolio acquisition, this opportunity offers flexibility and long-term potential. properties may be purchased individually or together, allowing buyers to customize their investment strategy. Please see individual MLS listings for additional details on each property. Opportunities to acquire tenant-occupied Asheville rental properties with portfolio flexibility are limited. Schedule your private showing today and explore this unique investment opportunity.

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Multi-Family Active

Price

$ 975,000

Bedrooms

8

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.42

Year Built

2003

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4405564

Features
General
Living Area 3124
Sewer Public Sewer
Heating Central Forced Air Heat Pump
Cooling Ceiling Fan(s) Central Air Electric Heat Pump
Appliances Dishwasher Dryer Electric Oven Electric Range Oven Refrigerator Washer Washer/Dryer
Zoning RM16
Construction Materials Other - See Remarks
Exclusions NONE
Pets Allowed Yes
Year Built 2003
Tenant Pays All Utilities
Property Subtype Portfolio
Parcel Number 9638-61-1259-00000
Additional Parcels Description 96384295300 973072121900
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Sky Harbor
Garage Y/N N
Full Baths 5
Directions GPS: 40 Michigan Street Asheville NC 28804 / 144 Hanover Street Asheville NC 28806 / 214 Short Michigan Ave Asheville NC 28806
High School Asheville
City Asheville
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Asheville
Additional Parcels Y/N Y
Standard Status Active
Construction Type Off Frame Modular Site Built
Tax Assessed Value 240100
Listing Terms Cash Conventional
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Interior
Basement Other
Basement (Y/N) N
Above Grade Finished Area 3124
Half Baths 1
Laundry Features In Unit
Total Bedrooms 8
Below Grade Finished Area 0
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Exterior
Parking Features Driveway
Water Source City
Lot Size Area 0.42
Foundation Details Crawl Space
Building Area Total 3124
Road Surface Type Asphalt Gravel Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 214
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* Excluded Features
List By
Ivester Jackson Blackstream

Broker

Affordability Calculator

$6,734
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,734
Monthly Property Taxes
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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
2122397 Elementary School
1659814 Middle School
Asheville High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$975,000 Listed Price

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214 Short Michigan Avenue, Asheville, NC, 28806 is a Multi-Family Home for sale at $975,000 with 3,124 sqft and a lot size of 0.42. 214 Short Michigan Avenue has 8 bedrooms, 5.1 baths, and was built in 2003. The property's zip code is 28806 which is in Asheville, NC