Tremendous investment property in private setting only 20 minutes from Asheville. Low maintenance property with exceptional rental history and great cash flow. Recent upgrades. Great tenants and leases in place. 1.38 acre lot near the Local Joint and the town of Fairview. Hit the ground running with this turn-key multiplex!
Multi-familyProperty Type
2003Year Built
1.34 acresLot Size
$168Price/Sq.Ft.
6 spacesParking
Listed by Gray Tolson• Appalachian Realty Associates
Bought with Nichole Davis• Howard Hanna Beverly-Hanks Asheville-Biltmore Park
Close to downtown Asheville, in one of the best school districts in the area (Reynolds), this Triplex has a lot to offer. 3 separate units each with private deck and winter views. Numbers work for great investment property or live in one and collect the rent on others. 1 Apt has 1550sf, 2nd & 3rd Apt = 850sf. Close to Airport too. Each apt has refrigerator, oven/stove & dishwasher. Small separate storage. See 3D tour of large apt. Great neighborhood is an added bonus.
Public Records
May 31, 2007
Sold
$318,000
$97/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,774 (+4.3%)
$38,100 + $350,800
$388,900
2024
$2,660 (+6.4%)
$38,100 + $350,800
$388,900
2023
$2,501 (−0.2%)
$53,100 + $335,800
$388,900
2022
$2,505
$53,100 + $335,800
$388,900
2021
$2,505 (+10.3%)
$53,100 + $342,700
$395,800
2020
$2,272
$53,100 + $342,700
$395,800
2019
$2,272 (+4.7%)
$53,100 + $284,000
$337,100
2018
$2,171
$53,100 + $284,000
$337,100
2017
$2,171 (+4.3%)
$53,100 + $284,000
$337,100
2016
$2,082
$53,100 + $284,000
$337,100
2015
$2,082
$46,500 + $247,200
$293,700
2014
$2,082
$46,500 + $247,200
$293,700
Tax history for 38 Lone Coyote Rdg
Year
Property tax
Land + Additions
Assessment*
2025
$2,774 (+4.3%)
$38,100 + $350,800
$388,900
2024
$2,660 (+6.4%)
$38,100 + $350,800
$388,900
2023
$2,501 (−0.2%)
$53,100 + $335,800
$388,900
2022
$2,505
$53,100 + $335,800
$388,900
2021
$2,505 (+10.3%)
$53,100 + $342,700
$395,800
2020
$2,272
$53,100 + $342,700
$395,800
2019
$2,272 (+4.7%)
$53,100 + $284,000
$337,100
2018
$2,171
$53,100 + $284,000
$337,100
2017
$2,171 (+4.3%)
$53,100 + $284,000
$337,100
2016
$2,082
$53,100 + $284,000
$337,100
2015
$2,082
$46,500 + $247,200
$293,700
2014
$2,082
$46,500 + $247,200
$293,700
*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
Permits
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
1.34 Acres
Year renovated
2003
Sq. Ft.
2,412
Year built
2003
Style
Multi-Family (2-4 Unit)
County
Buncombe County
APN
967681561500000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
OU
Open Use District
The OU Open Use District is established as a district in which all uses are allowed by right, except for certain uses that are regulated as conditional uses so as to ensure that neighborhood impact is mitigated. Additionally, those uses which are specific to the Airport Industry District (AI) are excluded from the OU Open Use District. The neighborhood impact from conditional uses will be mitigated through the use of minimum specific site standards combined with general standards which provide the flexibility to impose a higher level of specific site standards dependent upon the degree of neighborhood impact. No zoning permit shall be required for permitted uses in the OU Open Use District.
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Manufacturing
Warehouse
Hotel / motel
Office
Aug 16, 2023 • Active
Commercial combo
Install a new heat pump and air conditioning system. Reconnect the system to the existing ductwork and electrical service.
Electrical
HVAC
Feb 8, 2019 • Final
Residential combo
Install a new heat pump system and reconnect the electrical service.
Electrical
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Main Level Garage Y/N: 0
SqFt Garage: 0
Parking Total: 6
Parking Features: Driveway
Interior
Bedroom Information
# of Bedrooms: 6
Bathroom Information
# of Full Baths (Total): 4
Laundry Room Information
Laundry Features: Other
Heating & Cooling
Heating Information: Heat Pump
Sq. Ft. Unheated Basement: 205
Interior Features
Appliances: Ceiling Fan(s), Dishwasher, Electric Range, Refrigerator
Flooring: Carpet, Vinyl
Multi-Unit Information
# of Units (Total): 3
# of Units: 3
Exterior
Building Information
Construction Type: Off Frame Modular
Construction Materials: Vinyl Siding
Construction Status: Complete
Exterior Features
Porch: Back,Covered,Front
Property Features
Property Features: Cable Available, Dishwasher, Range/Oven, Refrigerator, W/ D Connection
Waterfront Information
Waterfront Features: None
Property Information
Property Type: Residential Income
Property Sub Type: Multi-Family
Lot Information
Lot Features: Private, Sloped, Wooded, Wooded
Lot Size Area: 1.34
Lot Size Units: Acres
Elevation: 2000
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Zoning NCM: OU
Financial
Lease / Rent Details
Tenant Pays: Cable TV, Garbage Pick-up, All except water
Utilities
Utility Information
Water Source: Public
Sewer: Septic Installed
Water Heater Information: Electric
Location
HOA Information
HOA Subject To Dues: No
HOA Subject To: None
School Information
Elementary School: Unspecified
Middle Or Junior High School: Unspecified
High School: Unspecified
Location Information
Directions: From Asheville, 74E to R onto Emmas Grove. 2nd L onto Gap Creek Rd. Lone Coyote Ridge in on L across from storage center.
Community Information
Pets Allowed: Yes
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: 2,412
Stories: 1.0
Lot Size: 1.34 acres
Style: Multi-Family (2-4 Unit)
Year Built: 2003
Year Renovated: 2003
County: Buncombe County
APN: 967681561500000
Home facts updated by county records on Aug 10, 2026
Other
Home Information
Total Primary HLA: 3283
Living Area: 3283
Below Grade Finished Area: 1,538
Building Area Total: 3283
Foundation Details: Basement Partially Finished, Block
Structure Type: Triplex
Around this home
Schools
Fairview Elementary
Public K-5 • Assigned • 1.3mi
8/10
Cane Creek Middle
Public 6-8 • Assigned • 2.4mi
7/10
A C Reynolds High
Public PreK-12 • Assigned • 3.1mi
8/10
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 96° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
2 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fletcher, NC • 28732
Average low and high temperatures (°F)
45
25
54
33
66
41
72
49
73
54
82
62
85
67
78
63
76
57
70
47
61
40
51
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 5.1 hours in December, placing it below the
U.S. average for solar exposure.
8.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Work with an experienced agent and save on fees. 3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.