169 and 171 Cragmont Road
Black Mountain, NC, 28711 $ 599,000
Bedrooms4 Baths3.0 Sq 1,516 Monthly Estimate*
$ 4,137
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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FeaturesGeneralLiving 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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InteriorBasement 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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ExteriorFencing 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 FeaturesList ByNoble & Company RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,137
- 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.
Learn more about how to save NearbyMulti-family listings in Black Mountain, NC
Average List Price $808,167
Percent of Sale Price 35%
About Black Mountain, NC 8,684 Population
16% Since 2002
$ 46,068 Median Income
45.74 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
2091927 Elementary School
2091928 Middle School
Charles D Owen High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 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 |