65 King Street Asheville, NC $ 500,000
65 King Street
$ 500,000
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65 King Street

Asheville, NC, 28804
$ 500,000
Bedrooms3 Baths2.0 Sq 1,392

Monthly Estimate*

$ 3,453

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Multi-Family Home for sale in Asheville, NC

for $500,000 with 3 bedrooms and 2 full baths. This 1,392 square foot home was built in 1937 on a lot size of 0.25.

Excellent investment opportunity in a prime Asheville location! 65 King Street offers two separate rental units within walking distance of UNCA, the Reed Creek Greenway, and Downtown Asheville. Both units are currently occupied by long-term tenants, providing an attractive opportunity for an investor seeking stable, established rental income. Unit A features 2 bedrooms and 1 bath and currently rents for $1,450/month. Unit B offers 1 bedroom and 1 bath and currently rents for $1,700/month. Both tenants are currently under lease through summer 2027 and have expressed interest in extending their leases, subject to the next owner's approval. The property has also benefited from significant recent improvements, including new decks, siding, windows, and HVAC systems in early 2025. Both units have upgraded electrical panels, and separate utility submeters and hot water heaters, allowing tenants to be billed directly for utilities. The metal roof was installed in 2017, and ongoing interior maintenance has included fresh paint, floor refinishing, and other routine updates. With two established rental units, reliable long-term tenants, recent improvements, and an unbeatable location close to UNCA, greenways, and Downtown Asheville, 65 King Street is an excellent opportunity to add a turnkey, income-producing property to your portfolio.

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Multi-Family Active

Price

$ 500,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.25

Year Built

1937

Town/City

Asheville

County/Region

Buncombe

MLS | Web ID

4423788

Features
General
Living Area 1392
Sewer Public Sewer
Heating Ductless
Cooling Ductless
Roof Composition
Appliances Electric Range Refrigerator
Zoning RS8
Construction Materials Vinyl
Pets Allowed Yes
Year Built 1937
Tenant Pays All Utilities
Stories Count 1
Property Subtype Duplex
Parcel Number 9649-27-7295-00000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Jackson Park
Garage Y/N N
Full Baths 2
High School Asheville
City Asheville
Senior Community Y/N N
Number Of Units Total 2
Lot Size Units Acres
Carport Y/N N
Elementary School Claxton
Middle/Junior High School Asheville
Additional Parcels Y/N N
Virtual Tour https://www.zillow.com/view-imx/e46702d8-1730-42fa-9e93-26a6c29f8878?initialViewType=pano https://www.zillow.com/view-imx/e46702d8-1730-42fa-9e93-26a6c29f8878?initialViewType=pano
Standard Status Active
Construction Type Site Built
Tax Assessed Value 299200
Listing Terms Cash Conventional Private
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Exterior
Parking Features Driveway
Water Source City
Lot Size Area 0.25
Foundation Details Crawl Space
Building Area Total 1392
Road Surface Type Gravel Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Interior
Basement (Y/N) N
Above Grade Finished Area 1392
Laundry Features In Unit Main Level
Total Bedrooms 3
Below Grade Finished Area 0
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Internal Only
Street Number 1 65
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* Excluded Features
List By
Nest Realty Asheville

Broker

Affordability Calculator

$3,453
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,453
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
2852716 Elementary School
1659814 Middle School
Asheville High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$500,000 Listed Price

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65 King Street, Asheville, NC, 28804 is a Multi-Family Home for sale at $500,000 with 1,392 sqft and a lot size of 0.25. 65 King Street has 3 bedrooms, 2.0 baths, and was built in 1937. The property's zip code is 28804 which is in Asheville, NC