UNDER CONTRACT

Contingent

$2,650,000

Est. $16,886/mo —

—

•

— ba

•

12,372

sq ft

2147 Brevard Rd, Arden, NC 28704

About this home

This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating 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.

Multi-familyProperty Type

1998Year Built

2.85 acresLot Size

$214Price/Sq.Ft.

Listed by John Menkes • G/M Property Group

Listed by Jeremy Goldstein • G/M Property Group

Contact: jmenk@gmproperty.com

Listing updated: May 20, 2026 at 11:00am

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4345037

Payment calculator

$16,886 per month

Principal and interest$13,927

Property taxes

$2,451

HOA dues

Home insurance

$508

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN THU, 10AM TO 12PMVIDEO TOUR
$1,185,000
4 beds2.5 baths2,416 sq ft
820 Merrills Cove Rd, Asheville, NC 28803
OPEN SAT, 10AM TO 12PM
$549,000
3 beds2 baths1,645 sq ft
902 Narva Rd, Hendersonville, NC 28792
OPEN SAT, 11AM TO 2PM3D WALKTHROUGH
$434,990
5 beds3 baths2,368 sq ft
313 Audrey Loop Rd, Biltmore Lake, NC 28715
OPEN SAT, 11AM TO 1PM
$945,000
3 beds2.5 baths2,426 sq ft
25 Copper Mill Ct, Candler, NC 28715
OPEN SAT, 12PM TO 2PM
$315,000
3 beds1 bath961 sq ft
1323 Locust Grove Rd, Hendersonville, NC 28792
OPEN SAT, 1PM TO 3PM
$685,000
3 beds2 baths1,951 sq ft
30 Stockwood Rd, Asheville, NC 28803
OPEN SUN, 2AM TO 4PM
$515,000
3 beds3.5 baths2,260 sq ft
15 Lynnstone Ct, Asheville, NC 28805
OPEN SUN, 1PM TO 3PM
$675,000
3 beds2.5 baths2,460 sq ft
6 Southbrook Dr, Fletcher, NC 28732
OPEN SUN, 2PM TO 4PM
$550,000
3 beds3 baths2,442 sq ft
15 Glen Crest Dr, Arden, NC 28704
OPEN SUN, 3PM TO 5PM
$425,000
2 beds1 bath1,045 sq ft
28 Arthur Rd, Asheville, NC 28806

Around this home

Schools

K - 12
Preschool & daycare

Avery's Creek Elementary

Public PreK-4 • Assigned • 2.3mi

7/10

Valley Springs Middle

Public 5-8 • Assigned • 3.4mi

9/10

T C Roberson High

Public PreK-12 • Assigned • 3.6mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Gas fireplace
Electric water heater
Owner pays exterior maintenance, management, snow removal, trash collection, and water

Bedrooms
Ten total units (multi-family/residential income property)

Kitchen
Electric oven
Gas range
Oven
Refrigerator

Laundry & utility
In-unit laundry

Heating & cooling
Central heating
Forced air
Heat pump
Natural gas heating
Central air conditioning

Sale and tax history for 2147 Brevard Rd

Sale History
Tax History

Date

Event

Price

CANOPYMLS as Distributed by MLS Grid #4345037

May 14, 2026

Contingent

—

Apr 28, 2026

Price Changed

$2,650,000

$214/sq ft

Feb 10, 2026

Listed

$2,800,000

$226/sq ft

APPFOLIO #4

Jan 18, 2025

Rental Removed

$1,995

$0/sq ft

Jan 3, 2025

Listed for Rent

$1,995

$0/sq ft

Dec 19, 2024

Rental Removed

$1,995

$0/sq ft

Nov 15, 2024

Price Changed

$1,995

$0/sq ft

Nov 2, 2024

Listed for Rent

$2,195

$0/sq ft

APPFOLIO #3

Sep 25, 2024

Rental Removed

$1,595

$0/sq ft

Sep 6, 2024

Listed for Rent

$1,595

$0/sq ft

APPFOLIO #2

Aug 1, 2024

Rental Removed

$1,595

$0/sq ft

Jul 19, 2024

Listed for Rent

$1,595

$0/sq ft

APPFOLIO #1

Sep 23, 2023

Rental Removed

—

Sep 3, 2023

Listed for Rent

—

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Buncombe County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 28, 2023.

R-1

Residential District

The R-1 Residential District is primarily intended to provide locations for single-family and two-family residential development and supporting recreational, community service, and educational uses in areas where public water and sewer services are available or will likely be provided in the future. This district is further intended to protect existing subdivisions from encroachment of incompatible land uses, and this district does not allow manufactured home parks.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Mixed use building
Recreation

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

8 days above 97° expected this year, 21 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Arden, NC • 28704

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

84/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.4 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 2147 Brevard Rd

There isn’t enough information to generate an accurate estimate at this time. Learn More

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New listings for sale in 28704

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Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Open houses

Nearby open houses (10)

Around this home

Schools

Lifestyle

Property details

Sale and tax history for 2147 Brevard Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 2147 Brevard Rd

This home may not be allowing tours right now

Nearby similar homes

New listings for sale in 28704

More real estate resources