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2147 Brevard Road, Arden, NC 28704

Arden
Local realty services provided by:CENTURY 21 Mountain Lifestyles
Listed by: john menkes, jeremy goldstein
Office: g/m property group
MLS#:4345037
Source:CH
2147 Brevard Road,Arden, NC 28704
$2,650,000
  • - Beds
  • - Baths
  • 12,372 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$2,650,000
  • Price per sq. ft.:$214.19

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.

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Home facts

  • Year built:1998
  • Listing ID #:4345037
  • Updated:October 29, 2026 at 01:14 PM

Rooms and interior

  • Kitchen Description:Electric Oven, Gas Range, Oven, Refrigerator
  • Basement:Yes
  • Living area:12,372 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Forced Air, Heat Pump, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1998
  • Building area:12,372 sq. ft.
  • Lot area:2.85 Acres
  • Construction Materials:Vinyl

Schools

  • High school:T.C. Roberson
  • Elementary school:Avery's Creek/Koontz

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$2,650,000
  • Price per sq. ft.:$214.19

Parking

  • Parking description:Parking Lot
MLS LogoListings courtesy of Canopy MLS as distributed by MLS GRID. Copyright 2021 Canopy MLS. All rights reserved. Canopy MLS, provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Canopy MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Canopy MLS. CH Member Broker: Travis Alley

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