169 and 171 Cragmont Road Black Mountain, NC $ 599,000
169 and 171 Cragmont Road
$ 599,000
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169 and 171 Cragmont Road

Black Mountain, NC, 28711
$ 599,000
Bedrooms4 Baths3.0 Sq 1,516

Monthly Estimate*

$ 4,137

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Multi-Family Home for sale in Black Mountain, NC

for $599,000 with 4 bedrooms and 3 full baths. This 1,516 square foot home was built in 1954 on a lot size of 0.2.

Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living. The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility. Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation. And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car. Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.

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Multi-Family Active

Price

$ 599,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Cottage

Lot Size

0.2

Year Built

1954

Town/City

Black Mountain

County/Region

Buncombe

MLS | Web ID

4416488

Features
General
Living Area 1516
Sewer Public Sewer
Heating Ductless Electric Heat Pump
Cooling Ductless
Utilities Electricity Connected
Appliances Electric Oven Electric Range Refrigerator
Architectural Style Cottage Other
Construction Materials Block Wood
Exclusions washers/dryers
Pets Allowed Conditional
Year Built 1954
Tenant Pays Electricity Internet
Property Subtype Portfolio
Parcel Number 061905581700000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Garage Y/N N
Full Baths 3
High School Charles D Owen
City Black Mountain
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Carport Y/N N
Elementary School Black Mountain
Middle/Junior High School Charles D Owen
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 277500
Listing Terms Cash Conventional FHA
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Interior
Basement Exterior Entry Walk-Out Access
Basement (Y/N) Y
Above Grade Finished Area 1254
Laundry Features In Basement In Unit
Total Bedrooms 4
Below Grade Finished Area 262
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Exterior
Fencing Back Yard
Parking Features Assigned
Lot Features Level Sloped Views
Water Source City
Lot Size Area 0.2
Foundation Details Basement Crawl Space
Building Area Total 1516
Road Surface Type Dirt Gravel Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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* Excluded Features
List By
Noble & Company Realty

Broker

Affordability Calculator

$4,137
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,137
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
2091927 Elementary School
2091928 Middle School
Charles D Owen High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$599,000 -4.16% Price Down
9/14/2026$625,000 -7.41% Price Down
8/21/2026$675,000 Listed Price

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169 and 171 Cragmont Road, Black Mountain, NC, 28711 is a Multi-Family Home for sale at $599,000 with 1,516 sqft and a lot size of 0.2. 169 and 171 Cragmont Road has 4 bedrooms, 3.0 baths, and was built in 1954. The property's zip code is 28711 which is in Black Mountain, NC