Exceptional Investment Opportunity. 9% CAP rate. Classic converted residence and guest cottage located in Kenilworth within walking distance to the Mission Hospital Campus. House consists of two 2 bedroom apartments and 3 one bedroom apartments. Guest cottage has two bedrooms. Solid rental history. Appointment is required for showing (24 hour notice) and Listing Agent must accompany. Financials available upon request.
Multi-familyProperty Type
1921Year Built
0.42 acresLot Size
Listed by James Diaz• Covestar Investment Realty
Bought with James Diaz• Covestar Investment Realty
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
4
Stories
1.5
Lot width
—
Lot depth
—
Lot size
0.42 Acres
Year renovated
2004
Sq. Ft.
4,374
Year built
1921
Style
Other
County
Buncombe County
APN
964854173300000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
RS8
RESOURCE MANAGEMENT OVERLAY
Residential Single-Family High Density District
It is the intent of the RS-8 Residential Single-Family High Density District to establish a high density per acre for single-family dwellings where public infrastructure is sufficient to support such development and to stabilize and protect the district's residential character in areas of existing high density single-family development while promoting a suitable environment for single-family living. Non-single-family development normally required to provide the basic elements of a balanced and attractive residential area is also permitted.
Zone overlays
Resource Management Overlay
Permitted uses
Include but are not limited to:
Community / recreation center
Housing-Single unit
Fire house
Library
Police station
Golf related
Communications tower
Cemetery
Park & open space
Property details
Interior
Heating & Cooling
Heating Information: None
Interior Features
Flooring: Carpet, Wood
Exterior
Property Information
Property Sub Type: Multi-Family
Lot Information
Lot Size Area: 0.42
Publically Maintained Road: 1
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Multi-Unit Information
# of Units (Total): 6
# of Units: 2
Unit Type 1 Information
# of Bathrooms: 1
# of Bedrooms: 3
Unit Type 2 Information
# of Bathrooms: 1
# of Bedrooms: 3
Location Information
Directions: South on Biltmore Avenue into the Hospital district. Left on Forest Hill Drive. Left on Sherwood. Left on Arden. Property is on the left.
Public facts
Beds: 5
Baths: 4.0
Sq. Ft.: 4,374
Stories: 1.5
Lot Size: 0.42 acres
Style: Other
Year Built: 1921
Year Renovated: 2004
County: Buncombe County
APN: 964854173300000
Home facts updated by county records on Aug 10, 2026
Other
Home Information
Below Grade Finished Area: 1,658
Sq. Ft. Additional: 0
Structure Type: 2 Story
Around this home
Schools
Hall Fletcher Elementary
Public PreK-5 • Assigned • 1.5mi
6/10
Asheville Middle
Public 6-8 • Assigned • 0.8mi
7/10
Asheville High
Public PreK-12 • Assigned • 0.5mi
6/10
Claxton Elementary
Public K-5 • Assigned • 2.0mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
7 days above 98° expected this year, 19 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
Asheville, NC • 28803
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Sun exposure
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