$2,650,000
 $14,226 est/mo Sourced by Back At You

2147 Brevard Road,Arden, NC 28704

Arden, NC 28704

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Description

This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcelcreating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20-25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.

Details

MLS #4345037
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1998
Days On Site202
Listing Provided ByG/M Property Group | John Menkes

Features

SQ Feet12,372
BasementY
Story(s)2
Units10
ZoningR-1
Acreage2.85
Water FrontYes

Interior

CoolingCentral Air
HeatingCentral, Forced Air, Heat Pump, Natural Gas
AppliancesElectric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator

Exterior

RoofComposition
Construction MaterialsVinyl
Foundation DetailsNone

Parking

Garage Yes / NoNo
Parking FeaturesParking Lot

Other

List AorLand of The Sky Association of Realtors

Taxes

Property1434500

Area Information

StateNC
CountyBuncombe
CityArden
Zip Code28704
AreaBuncombe
School DistrictT.C. Roberson
Elementary SchoolAvery's Creek/Koontz
High SchoolT.C. Roberson
Listing VS Median (in 28704)
Price:
$2,650,000
low | high
Med:
$652,500
100% of Average
sqft:
12,372
low | high
Med:
3,170
100% of Average
$ / sqft:
$214
low | high
Med:
$218
48.208256036096% of Average
On site:
202
low | high
Med:
248
81.451612903226% of Average
Sourced by Back At You

Market Activity 28704

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 31, 2026 at 7:33:27 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyBuncombe
CityArden
Zip Code28704
AreaBuncombe
School DistrictT.C. Roberson
Elementary SchoolAvery's Creek/Koontz
High SchoolT.C. Roberson
Listing VS Median (in 28704)
Price:
$2,650,000
low | high
Med:
$652,500
100% of Average
sqft:
12,372
low | high
Med:
3,170
100% of Average
$ / sqft:
$214
low | high
Med:
$218
48.208256036096% of Average
On site:
202
low | high
Med:
248
81.451612903226% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 4:45:16 PM PDT
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