SOLD AUG 27, 2026

Sold on Aug 2026

$1,370,000

•

7,732

sq ft

50 & 52 Smith Rd, Leicester, NC 28748

About this home

This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. This tranquil setting is unique, makes the apartments more desirable, and drives interest. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

Multi-familyProperty Type

2004Year Built

1.9 acresLot Size

$177Price/Sq.Ft.

Listed by Tonya Oxford • Asheville Realty Group

Listed by Adam Oxford • Asheville Realty Group

Contact: INFO@AshevilleRealtyGroup.com

Bought with Alex Blair • Howard Hanna Allen Tate Blair Properties

Redfin checked: 2 minutes ago

•Source:CANOPYMLS as Distributed by MLS Grid #4357331

Redfin Estimate

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

Market trends in 28748, NC

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.6%

0.2% MoM

Median sale price

$495K

$15K MoM

Avg. days on market

75d

6 days MoM

Recently sold homes

0 MoM

New listings for sale

NEW 1 HR AGO
$380,000
3 beds2 baths1,600 sq ft
51 Sleepy Forest Dr, Leicester, NC 28748
$375,000
4 beds4 baths2,240 sq ft
48 Melissa Ln, Leicester, NC 28748
$725,000
3 beds2.5 baths2,700 sq ft
27 Winn Dr, Leicester, NC 28748
$1,500,000
4 beds3 baths3,449 sq ft
54 Mountain Shadows Dr, Leicester, NC 28748
$318,500
3 beds2 baths1,835 sq ft
18 Henry White Ln, Leicester, NC 28748
$425,000
3 beds2 baths1,320 sq ft
257 Tipton Hill Rd, Leicester, NC 28748
OPEN SAT, 11AM TO 1PM
$359,000
4 beds3 baths2,223 sq ft
308 Browntown Rd, Leicester, NC 28748
See all

Provided by Redfin

Homeowner tools

View owner dashboard

Track your estimate and nearby sale activity

Edit home facts

Review property details and add renovations

Manage photos

Update home photos or make them private

Sale and tax history for 50 & 52 Smith Rd

Sale History
Tax History

Date

Event

Price

CANOPYMLS as Distributed by MLS Grid #4357331

Aug 27, 2026

Sold

$1,370,000

$177/sq ft

Jul 1, 2026

Contingent

—

May 14, 2026

Price Changed

$1,449,000

$187/sq ft

Apr 6, 2026

Listed

$1,500,000

$194/sq ft

Public Records

Oct 23, 2024

Sold

$600,000

$78/sq ft

CANOPYMLS as Distributed by MLS Grid #4157433

Oct 22, 2024

Sold

$1,200,000

$155/sq ft

Aug 29, 2024

Pending

—

Aug 15, 2024

Relisted

—

Jul 17, 2024

Pending

—

Jul 2, 2024

Listed

$1,335,000

$173/sq ft

+17

Fully leased eight-plex located off New Leicester Hwy. Property is on well and septic with no interior common areas to maintain. Located in a quiet, peaceful and scenic area and close to town. All units have decks and a view. Property management company in place and knows all tenants and the property. See the attached list of expenses. Some of the expenses should be less going forward. Some rents are lower at $1275 and $1400. Others are at market value bringing $1600. The rent amounts could easily all be brought up to market and bring in an additional $1562 a month for the complex.

Public Records

Dec 4, 2017

Sold

$830,000

$107/sq ft

Public Records

Jun 14, 2005

Sold

$365,000

$47/sq ft

Public Records

Aug 1, 2003

Sold

$55,000

$7/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,795 (+6.7%)

$42,400 + $358,900

$401,300

2024

$2,619 (+3.1%)

$42,400 + $358,900

$401,300

2023

$2,540 (+1.6%)

$42,400 + $358,900

$401,300

2022

$2,500

$42,400 + $358,900

$401,300

2021

$2,500 (−0.4%)

$42,500 + $358,800

$401,300

2020

$2,509

$42,500 + $358,800

$401,300

2019

$2,509 (+1.5%)

$33,300 + $341,800

$375,100

2018

$2,472

$33,300 + $341,800

$375,100

2017

$2,472 (+30.0%)

$33,300 + $341,800

$375,100

2016

$1,901

$33,300 + $341,800

$375,100

2015

$1,901 (+2.9%)

$33,300 + $229,300

$262,600

2014

$1,848

$33,300 + $229,300

$262,600

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.93 Acres

Year renovated

—

Sq. Ft.

1,809

Year built

2008

Style

Multi-Family (5+ Unit)

County

Buncombe County

APN

961936186500000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

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

Property details

Parking

Parking Information
Main Level Garage Y/N: 0
Parking Features: Parking Lot, Parking Space(s)

Interior

Bedroom Information
# of Bedrooms: 16

Bathroom Information
# of Full Baths (Total): 16

Laundry Room Information
Laundry Features: In Unit

Other Rooms Information
Room Other: Primary Bedroom,Bedroom(s),Bathroom(s),Kitchen,Living Room,Laundry

Heating & Cooling
Heating Information: Electric, Heat Pump
Cooling Information: Heat Pump

Interior Features
Appliances: Dishwasher, Electric Range, Refrigerator, Washer/Dryer
Flooring: Vinyl

Multi-Family Financial Information
Owner Pays: Exterior Maintenance, Management, Sewer, Trash Collection, Water

Multi-Unit Information
# of Units (Total): 8

Unit Type 1 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 2 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 3 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 4 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 5 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 6 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 7 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 8 Information
Unit Type: 2 Bedroom
# of Units: 1
# of Bedrooms: 2

Unit Type 9 Information
Unit Type: 2 Bedroom

Exterior

Building Information
Construction Type: Off Frame Modular
Construction Materials: Vinyl
Roof: Composition

Exterior Features
Patio And Porch Features: Deck

Property Information
Development Status: Completed
Property Type: Residential Income
Property Sub Type: Eightplex
Other Structures: Shed(s)
Has Additional Parcels
Zoning: OU
Zoning Specification: OU

Lot Information
Lot Features: Green Area
Lot Size Area: 1.9
Lot Size Units: Acres
Road Surface Type: Asphalt, Paved
Road Responsibility: Private Maintained Road

Financial

Lease / Rent Details
Tenant Pays: All except water

Utilities

Utility Information
Water Source: Well
Sewer: Septic Installed
Utilities: Cable Connected, Electricity Connected

Location

HOA Information
HOA Subject To: None

School Information
Elementary School: Unspecified
Middle Or Junior High School: Unspecified
High School: Unspecified

Community Information
Pets Allowed: Yes

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,809
Stories: 2.0
Lot Size: 0.93 acres
Style: Multi-Family (5+ Unit)
Year Built: 2008
Year Renovated: —
County: Buncombe County
APN: 961936186500000

Home facts updated by county records on Aug 10, 2026

Other

Auction Information
Is Auction: 0

Listing Information
Exception YN: 0

Green Information
Green Verification Count: 0

Home Information
Living Area: 7732
Above Grade Finished Area: 7,732
Building Area Total: 7732
Foundation Details: Crawl Space

Around this home

Schools

West Buncombe Elementary

Public K-4 • Assigned • 2.1mi

10/10

Clyde A Erwin Middle School

Public 7-8 • Assigned • 1.6mi

6/10

Clyde A Erwin High

Public PreK-12 • Assigned • 1.8mi

2/10

Provided by GreatSchools

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 97° expected this year, 18 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

Leicester, NC • 28748

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

89/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Leicester. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.4 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$899,000

3 beds4 baths3,212 sq ft

181 Merrimon Ave, Asheville, NC 28801

$949,000

8 beds7 baths4,876 sq ft

15 Grindstaff Dr, Asheville, NC 28803

$750,000

8 beds6.5 baths3,596 sq ft

71 Maple St, Clyde, NC 28721

FOR SALE BY OWNER

$795,000

7 beds4 baths1,296 sq ft

1 Linden Ave, Asheville, NC 28801

$1,375,000

4 beds2 baths2,500 sq ft

290 Hookers Gap Rd, Candler, NC 28715

$750,000

6 beds5 baths2,792 sq ft

130 Edwin Pl, Asheville, NC 28801

New listings for sale in 28748

NEW 1 HR AGO

$380,000

3 beds2 baths1,600 sq ft

51 Sleepy Forest Dr, Leicester, NC 28748

$375,000

4 beds4 baths2,240 sq ft

48 Melissa Ln, Leicester, NC 28748

$725,000

3 beds2.5 baths2,700 sq ft

27 Winn Dr, Leicester, NC 28748

$1,500,000

4 beds3 baths3,449 sq ft

54 Mountain Shadows Dr, Leicester, NC 28748

$318,500

3 beds2 baths1,835 sq ft

18 Henry White Ln, Leicester, NC 28748

$425,000

3 beds2 baths1,320 sq ft

257 Tipton Hill Rd, Leicester, NC 28748

OPEN SAT, 11AM TO 1PM

$359,000

4 beds3 baths2,223 sq ft

308 Browntown Rd, Leicester, NC 28748

Home values near 50 & 52 Smith Rd

Data from public records.

Address	Redfin Estimate
21 Smith Rd, Leicester, NC 3 Beds \| 3 Baths \| 1641 Sq. Ft.	$392,581
52 Smith Rd, Leicester, NC - Beds \| - Baths \| 2016 Sq. Ft.	—

Address	Redfin Estimate
62 Smith Rd, Leicester, NC 3 Beds \| 2 Baths \| 1344 Sq. Ft.	$491,149
34 Smith Rd, Leicester, NC - Beds \| - Baths \| 1368 Sq. Ft.	$189,079

Address	Redfin Estimate
53 Smith Rd, Leicester, NC - Beds \| - Baths \| 1904 Sq. Ft.	$241,271
25 Smith Rd, Leicester, NC - Beds \| - Baths \| 768 Sq. Ft.	—

Property information provided by CANOPYMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for rent in Buncombe County	Agents near me	Asheville, NC homes for sale	Buncombe County Housing Market
Houses for sale near me	Charlotte, NC homes for sale	Apex, NC homes for sale
Land for sale near me	Raleigh, NC homes for sale	Greensboro, NC homes for sale
Open Houses near me	Cary, NC homes for sale	Buncombe County Property Records
Condos for sale near me	Durham, NC homes for sale	NC New Listings

Weaverville homes for sale
Asheville homes for sale
Black Mountain homes for sale

Henderson County homes for sale
Greenville County homes for sale
Spartanburg County homes for sale

About this home

Redfin Estimate

Market trends in 28748, NC

Homeowner tools

Sale and tax history for 50 & 52 Smith Rd

Public record

Property details

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 28748

Home values near 50 & 52 Smith Rd

More real estate resources