$2.65M
12,372 Sqft
Off Market
2147 Brevard Road, Arden, NC 28704
$2.65M · 12372 sqft
About This Property
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.
Location
2147 Brevard Road, Arden, NC 28704
Loading map...
Property Details
Overview
Interior
Exterior
Financial
Location
Listed by G/M Property Group · jmenk@gmproperty.com MLS# CAR4345037
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/28/2026, 02:03:56 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Information deemed reliable but not guaranteed. Buyer to verify all information.
Your Local Expert
Brian Jones
Compass
Founder of Luxury Communities and a seasoned luxury real estate advisor in Asheville and Western North Carolina. Brian specializes in private gated communities, luxury estates, and second-home destinations, with a strategic and technology-driven approach to matching buyers with the right communities and opportunities.
Meet BrianNot sure where to start?
Answer a few questions and we'll curate communities tailored to your lifestyle.
Talk to Brian about this listing