Excellent Investment Opportunity. 8.5% CAP rate. 100% occupied with a consistent solid rental history. Highly desirable rental community near UNCA. 9 two bedroom units in 3 buildings located on .54 acres. Plenty of off-street parking. Appointment is required for showing (24 hour notice) and Listing Agent must accompany. Financials available upon request.
Multi-familyProperty Type
1978Year Built
0.54 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
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.54 Acres
Year renovated
—
Sq. Ft.
1,568
Year built
1978
Style
Multi-Family (5+ Unit)
County
Buncombe County
APN
973090522500000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Property details
Interior
Heating & Cooling
Heating Information: Baseboard, None
Interior Features
Flooring: Carpet, Wood
Multi-Unit Information
# of Units (Total): 9
# of Units: 1
Unit Type 1 Information
# of Bathrooms: 1
# of Bedrooms: 9
Exterior
Property Information
Property Sub Type: Multi-Family
Lot Information
Lot Size Area: 0.54
Road Surface Type: Asphalt
Publically Maintained Road: 1
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Location Information
Directions: Take Merrimon Avenue north turning left onto Edgewood Road. At the second 4 way stop turn right onto Barnard Avenue. At the split, bear left (sign will say "Barnard", but it is Lookout Road). Property is approximately 4/10 mile on the left.
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,568
Stories: 1.0
Lot Size: 0.54 acres
Style: Multi-Family (5+ Unit)
Year Built: 1978
Year Renovated: —
County: Buncombe County
APN: 973090522500000
Home facts updated by county records on Aug 10, 2026
Other
Home Information
Sq. Ft. Additional: 0
Structure Type: 3 Story
Around this home
Schools
Woodfin Elementary
Public K-5 • Assigned • 1.2mi
2/10
Clyde A Erwin Middle School
Public 7-8 • Assigned • 3.4mi
6/10
Clyde A Erwin High
Public PreK-12 • Assigned • 3.2mi
2/10
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
3/10 Heat Factor
7 days above 98° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Asheville, NC • 28804
Average low and high temperatures (°F)
44
26
54
33
66
42
73
50
74
55
83
63
86
68
79
63
76
59
69
48
61
42
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.