41 Panola Street Asheville, NC $ 799,000
41 Panola Street
$ 799,000
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41 Panola Street

Asheville, NC, 28801
$ 799,000
Bedrooms5 Baths4.0 Sq 3,066

Monthly Estimate*

$ 5,518

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Multi-Family Home for sale in Asheville, NC

for $799,000 with 5 bedrooms and 4 full baths. This 3,066 square foot home was built in 1903 on a lot size of 0.28.

Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? **Please do not walk the property unless the listing agent confirms the buyer's agent's appointment requests. Listing agent will accompany at showings. 24-hour+ notice is a must. Pre-approval or proof-of-funds needed prior to confirming showings.**

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Multi-Family Active

Price

$ 799,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Colonial

Lot Size

0.28

Year Built

1903

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4406063

Features
General
Living Area 3066
Sewer Public Sewer
Heating Natural Gas Other - See Remarks
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas
Roof Architectural Shingle
Appliances Gas Oven Gas Range Gas Water Heater Refrigerator Washer/Dryer
Zoning RM8
Patio/Porch Features Covered Front Porch Rear Porch
Architectural Style Colonial Other
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Brick Partial Shingle/Shake Wood
Exclusions gargoyle statue in backyard
Pets Allowed Yes
Year Built 1903
Tenant Pays Cable TV Electricity Gas Internet
Stories Count 2
Property Subtype Fourplex
Parcel Number 9639-95-8273-00000
Elevation 2000
Community Features Other
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Montford
Garage Y/N N
Other Structures Other - See Remarks
Full Baths 4
Directions From I-240 at Montford exit follow Montford Ave about 0.8 mile to Right on Panola. Home is on the left in appx 0.1 mile.
High School Asheville
City Asheville
Senior Community Y/N N
Open Parking Spaces 3
Number Of Units Total 4
Lot Size Units Acres
Carport Y/N N
Elementary School Asheville City
Middle/Junior High School Asheville
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Historical
Tax Assessed Value 605300
Listing Terms Cash Conventional FHA VA Loan
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Interior
Interior Amenities Entrance Foyer
Basement Exterior Entry Partial Unfinished
Flooring Carpet Vinyl Wood
Fireplace Features Other - See Remarks
Basement (Y/N) Y
Window Features Storm Window(s)
Fireplace Y/N Y
Above Grade Finished Area 3066
Laundry Features In Basement
Total Bedrooms 5
Below Grade Finished Area 0
Number Of Completed Units Total 4
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Exterior
Exterior Amenities Fire Pit Lawn Maintenance
Parking Features Driveway On Street Parking Space(s) Shared Driveway
Lot Features Green Area Level Private Wooded
Water Source City
Lot Size Area 0.28
Foundation Details Basement
Building Area Total 3066
Road Surface Type Asphalt Gravel Paved
Other Parking 3 parking spaces in back part of driveway
Door Features Storm Door(s)
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 41
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* Excluded Features
List By
Town And Mountain Realty

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$5,518
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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
1659817 Elementary School
1659814 Middle School
Asheville High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$799,000 Listed Price

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41 Panola Street, Asheville, NC, 28801 is a Multi-Family Home for sale at $799,000 with 3,066 sqft and a lot size of 0.28. 41 Panola Street has 5 bedrooms, 4.0 baths, and was built in 1903. The property's zip code is 28801 which is in Asheville, NC