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.
| MLS # | 4359264 |
|---|---|
| Listing Type | For Sale |
| Style | Bed/breakfast |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 112 |
| Listing Provided By | EXP Realty LLC | Tyler Coon |
| SQ Feet | 7,675 |
|---|---|
| Basement | Y |
| Units | 16 |
| Acreage | 0.31 |
| Property View | City |
| Parking Features | Parking Lot |
|---|
| List Aor | Hendersonville Board of Realtors |
|---|
| Property | 1938000 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| Listing VS Median (in 28801) | |
Price: $5,500,000 low | high Med: $769,500 sqft: 7,675 low | high Med: 1,660 $ / sqft: $717 low | high Med: $555 On site: 112 low | high Med: 222 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| Listing VS Median (in 28801) | |
Price: $5,500,000 low | high Med: $769,500 sqft: 7,675 low | high Med: 1,660 $ / sqft: $717 low | high Med: $555 On site: 112 low | high Med: 222 | |