$5,500,000
( $716.61Per Sq Foot )
 $29,525 est/mo Sourced by Back At You

42 Furman Avenue,Asheville, NC 28801

Asheville, NC 28801

Share:

Description

42 Furman Avenue represents one of the most compelling short-term rental investment opportunities in downtown Ashevillea fully licensed, purpose-built 16-unit STR asset in a market where new permits are no longer issued. Spanning approximately 8,395 square feet across three stories plus a walkout basement, the building was completely renovated to the studs and redesigned specifically for short-term rental use, delivering modern interiors, efficient layouts, and strong visual appeal for today’s guest expectations. The unit mix includes twelve one-bedroom units and four studios, all configured to maximize occupancy and revenue potential. Located less than a mile from Asheville’s core attractionsincluding its nationally recognized dining scene, River Arts District, and cultural amenitiesthe property benefits from consistent year-round demand. With dedicated parking, an active and compliant STR license, and a structure that cannot be replicated under current regulations, this asset offers a rare combination of scale, location, and operational upside for an investor seeking to establish or expand a presence in one of the Southeast’s most resilient short-term rental markets.

Details

MLS #4359264
Listing TypeFor Sale
StyleBed/breakfast
Sub-TypeResale
StatusActive
Year1928
Days On Site112
Listing Provided ByEXP Realty LLC | Tyler Coon

Features

SQ Feet7,675
BasementY
Units16
Acreage0.31
Property ViewCity

Parking

Parking FeaturesParking Lot

Other

List AorHendersonville Board of Realtors

Taxes

Property1938000

Area Information

StateNC
CountyBuncombe
CityAsheville
Zip Code28801
AreaBuncombe
Listing VS Median (in 28801)
Price:
$5,500,000
low | high
Med:
$769,500
100% of Average
sqft:
7,675
low | high
Med:
1,660
100% of Average
$ / sqft:
$717
low | high
Med:
$555
72.587409110662% of Average
On site:
112
low | high
Med:
222
50.45045045045% of Average
Sourced by Back At You

Market Activity 28801

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from TL Cox and Company at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.

 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 28, 2026 at 8:45:05 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Contact

Learn More About This Property

StateNC
CountyBuncombe
CityAsheville
Zip Code28801
AreaBuncombe
Listing VS Median (in 28801)
Price:
$5,500,000
low | high
Med:
$769,500
100% of Average
sqft:
7,675
low | high
Med:
1,660
100% of Average
$ / sqft:
$717
low | high
Med:
$555
72.587409110662% of Average
On site:
112
low | high
Med:
222
50.45045045045% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $4.125M - $6.875M
sqft: 5,500 - 9,500
Nearby Listings Property ImageNearby Listings Details
77 Central Avenue E Property Photo 1
$1,543,000
77 Central Avenue E
Asheville, NC 28801
71 N Market Street Property Photo 1
$10,500
71 N Market Street
Asheville, NC 28801
Listing Updated: July 9, 2026 at 4:35:26 PM PDT
Real Estate Links Our Domains