117 & 119 Spears Avenue
Asheville, NC, 28801 $ 850,000
Bedrooms6 Baths5.0 Sq 3,307 Monthly Estimate*
$ 5,871
for $850,000 with 6 bedrooms and 5 full baths. This 3,307 square foot home was built in 1915 on a lot size of 0.21.
Full of character and opportunity in the heart of Asheville, 117 Spears Avenue offers a unique chance to own a four unit property comprising two separate buildings, each featuring an upstairs and downstairs residence. With numerous recent updates throughout, the property is turnkey and ready for its next owners, creating an exciting opportunity for investors, multigenerational living, or an owner occupant looking to generate rental income. The first building offers a spacious 2 bedroom, 2 bath main-level unit (117-101) with an office, living room, dining room, kitchen, mudroom, front porch, and an ensuite bath. Upstairs, 117-201 is a 1 bedroom, 1 bath unit with its own kitchen and living room. The second building adds two more residences, with 119-101 offering 1 bedroom and 1 bath, along with additional storage, and 119-201 featuring 2 bedrooms and 1 bath. Set along an established residential street, the property combines a flexible four unit layout with a convenient in town Asheville location. Off street parking is available for residents of all four units, adding an especially valuable convenience to this centrally located property. Enjoy easy access to downtown Asheville, nearby restaurants, shopping, local businesses, and everyday amenities while maintaining the feel of a residential setting. Current rent roll and P&L available. With two buildings, four individual units, a total of 6 bedrooms and 5 baths, recent updates, and dedicated off street parking, 117 Spears Avenue presents a compelling opportunity for buyers looking to add a turnkey property to an investment portfolio, explore an owner occupied investment, or take advantage of the flexibility that multiple residences provide. A distinctive Asheville property offering versatility, location, and plenty of potential for its next chapter.
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FeaturesGeneralLiving Area 3307
Sewer Public Sewer
Heating Baseboard Ductless
Cooling Window Unit(s)
Appliances Electric Oven Electric Range Refrigerator
Zoning RM8
Patio/Porch Features Covered Front Porch Patio
Construction Materials Wood
Pets Allowed Conditional
Year Built 1915
Tenant Pays Electricity
Stories Count 2
Property Subtype Apartment
Parcel Number 9649-35-9767-00000
County Buncombe
New Construction N
Property Type Residential Income
HOA N
Subdivision Name None
Garage Y/N N
Full Baths 5
High School Asheville
City Asheville
Senior Community Y/N N
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
Virtual Tour https://track.pstmrk.it/3s/listings.marilynnkayphotography.com%2Fsites%2F117-spears-ave-asheville-nc-28801-28658294%2Fbranded/cUpU/rdzHAQ/Aw/aee3f162-6fad-403e-b4b0-e8fa7dc183c7/10/c6yQmD2wJj https://track.pstmrk.it/3s/listings.marilynnkayphotography.com%2Fsites%2F117-spears-ave-asheville-nc-28801-28658294%2Fbranded/cUpU/rdzHAQ/Aw/aee3f162-6fad-403e-b4b0-e8fa7dc183c7/10/c6yQmD2wJj
Standard Status Active
Construction Type Site Built
Tax Assessed Value 358300
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ExteriorParking Features Driveway On Street
Lot Features Level
Water Source City
Lot Size Area 0.21
Foundation Details Crawl Space
Building Area Total 3307
Road Surface Type Gravel Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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InteriorBasement (Y/N) N
Above Grade Finished Area 3307
Laundry Features Common Area
Total Bedrooms 6
Below Grade Finished Area 0
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* Excluded FeaturesList ByNest Realty AshevilleBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,871
- 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 Asheville, NC
Average List Price $933,756
Percent of Sale Price 10%
About Asheville, NC 93,508 Population
25% Since 2002
$ 48,694 Median Income
39.56 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1659817 Elementary School
1659814 Middle School
Asheville High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/14/2026 | $850,000 | | Listed Price |