37 Water Street Asheville, NC $ 540,000
37 Water Street
$ 540,000
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37 Water Street

Asheville, NC, 28801
$ 540,000
Bedrooms4 Baths4.0 Sq 2,244

Monthly Estimate*

$ 3,730

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Multi-Family Home for sale in Asheville, NC

for $540,000 with 4 bedrooms and 4 full baths. This 2,244 square foot home was built in 1925 on a lot size of 0.103.

Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.

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Multi-Family Active

Price

$ 540,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.103

Year Built

1925

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4416437

Features
General
Living Area 2244
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Utilities Cable Available Natural Gas
Appliances Gas Oven Gas Range Gas Water Heater Microwave Refrigerator
Development Status Completed
Zoning RS8
Garage Spaces 0
Patio/Porch Features Front Porch Porch Rear Porch
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Wood
Pets Allowed Yes
Year Built 1925
Tenant Pays All Utilities
Stories Count 2
Property Subtype Fourplex
Parcel Number 9648-23-1399-00000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name none
Garage Y/N N
Full Baths 4
Directions Directions from Central/Downtown Asheville: From Patton Avenue turn south onto South French Broad Avenue. Continue approximately 1.1 miles. Turn left onto Livingston Street then right onto Hibernia S
High School Unspecified
City Asheville
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 303300
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Interior
Basement Dirt Floor
Flooring Vinyl Wood
Basement (Y/N) Y
Fireplace Y/N N
Above Grade Finished Area 2244
Half Baths 0
Laundry Features In Basement
Total Bedrooms 4
Below Grade Finished Area 0
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Exterior
Parking Features Parking Space(s)
Water Source City
Lot Size Area 0.103
Foundation Details Basement
Building Area Total 2244
Lot Dimensions 45 × 100 feet
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 37
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* Excluded Features
List By
Keller Williams Professionals

Broker

Affordability Calculator

$3,730
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,730
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
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2026$540,000 -5.26% Price Down
8/25/2026$570,000 Listed Price

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37 Water Street, Asheville, NC, 28801 is a Multi-Family Home for sale at $540,000 with 2,244 sqft and a lot size of 0.103. 37 Water Street has 4 bedrooms, 4.0 baths, and was built in 1925. The property's zip code is 28801 which is in Asheville, NC