$2.8M
12,372 Sqft
Active
Active1 Days on Market$226/sqftListed Feb 10, 2026MLS# CAR4345037
2147 Brevard Road, Arden, NC 28704
$2.8M · 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
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Property Details
Overview
Property TypeDuplex
Year Built1998
Lot Size2.85 Acres
Interior
Sqft12,372
HeatingCentral, Forced Air, Heat Pump, Natural Gas
Cooling / A/CCentral Air
Exterior
ExteriorVinyl
RoofComposition
Financial
List Price$2.8M
Original Price$2.8M
Location
Address2147 Brevard Road, Arden, NC 28704
CityArden
CountyBuncombe
StateNC
Zip28704
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 03/17/2026, 05:21:50 AM. 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.
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.
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