152 Tate Street Waynesville, NC $ 595,000
152 Tate Street
$ 595,000
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152 Tate Street

Waynesville, NC, 28786
$ 595,000
Bedrooms-- Baths-- Sq 4,028

Monthly Estimate*

$ 4,110

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Commercial Property for sale in Waynesville, NC

for $595,000. This 4,028 square foot building was built in 1964 on a lot size of 0.26.

INVESTMENT OPPORTUNITY IN THE HEART OF WAYNESVILLE! Ideally situated just minutes from downtown Waynesville, this all-brick quadplex offers an attractive combination of location, established rental history, and tremendous potential for increased income. The property features four spacious apartments, including two 2-bedroom units and two 1-bedroom units, offering a total of approximately 4,028 square feet of living space. Each unit has its own kitchen, living and dining areas, with select units featuring covered porches or decks. Currently occupied by established tenants, the property generates consistent rental income, with rents that are considerably below prevailing market rates, presenting an excellent opportunity for future revenue growth. Additional highlights include city water and sewer, convenient parking, and a desirable location near downtown shopping, dining, and everyday conveniences. Whether you're an experienced investor looking to expand your portfolio or entering the multifamily market for the first time, this property offers an opportunity to acquire a well-located income-producing asset with meaningful long-term upside. Location, existing income, and room to grow, 152 Tate Street checks all three boxes!

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Commercial Active

Price

$ 595,000

Property Type

Commercial

Taxes

$ 0

Style

N/A

Lot Size

0.26

Year Built

1964

Town/City

Waynesville

County/Region

Haywood

MLS | Web ID

4436950

Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Ceiling Fan(s) Window Unit(s)
Utilities Cable Available Electricity Connected
Roof Architectural Shingle
Appliances Dishwasher Electric Range Exhaust Fan Refrigerator Washer/Dryer
Patio/Porch Features Balcony Covered Deck Patio Porch
Construction Materials Brick Full
Year Built 1964
View Winter
Stories Count 1
Property Subtype N/A
Parcel Number 8615-16-9667
Elevation 2500
County Haywood
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Residential
Directions From Waynesville: South on Main Street; Right onto Academy Street; Cross Haywood Street; Left on Tate Street; Property is on Right (No Sign and No Lockbox - access by listing agent only).
City Waynesville
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 4
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Property Financing Available
Construction Type Site Built
Restrictions Short Term Rental Allowed Other - See Remarks
Tax Assessed Value 183200
Listing Terms Cash Conventional Private
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Interior
Basement Apartment Exterior Entry Full Partially Finished
Flooring Carpet Linoleum Wood
Basement (Y/N) Y
Window Features Insulated Window(s)
Below Grade Finished Area 0
SqFt Garage 0
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Exterior
Parking Features Driveway On Street Parking Space(s)
Lot Features Level Sloped
Water Source City
Inclusions Building Fixtures Land
Lot Size Area 0.26
Foundation Details Basement
Number of Buildings 1
Building Area Total 4028
Road Surface Type Paved
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 152
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* Excluded Features
List By
Keller Williams Great Smokies

Broker

Affordability Calculator

$4,110
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,110
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
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$595,000 Listed Price

Map


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152 Tate Street, Waynesville, NC, 28786 is a Commercial Property for sale at $595,000 with 4,028 sqft and a lot size of 0.26. 152 Tate Street was built in 1964. The property's zip code is 28786 which is in Waynesville, NC