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Investment Properties in Asheville & Buncombe County

Thinking about investing in Asheville real estate? Asheville is a small city with a big city feel, and it's growing – which is bringing new industry, more diversity, and a boost to the economy. Asheville, North Carolina is not only located in the beautiful Southern Appalachians, but it also has great proximity to other cities; Charlotte is only two hours away and Asheville is just three hours from Atlanta. As we see Asheville continue to grow, we'll see home prices continue to increase and inventory disappear, which means now is a great time to invest in real estate before the opportunity is gone.

Below you will find listings for a variety of real estate typically used as investment properties, such as multi-family, short sales, and foreclosures. Create an account with us to save your favorite listings and to receive email notifications when similar properties become available. 

If you have any questions about investment properties, we're here to help! Contact Mosaic Realty today to speak to an agent who is knowledgeable about investment properties in Asheville. 

60 Branning Street Asheville NC 28806

Asheville, NC60 Branning Street

Price$250,000

Est. Mortgage: $/month

MLS Number CAR3789514

  • Residential
  • Bathrooms 1
  • Square Feet 699
  • Bedrooms 1
  • Acreage 0.17

Charming, fully furnished West Asheville home in a great location just down the road from Haywood Road! This beautifully restored 1 bedroom, 1 bath home has had many updates since 2016 including a newer roof, gutters, water heater, siding, flooring, a brand new mini-split HVAC, and an updated bathroom. 60 Branning Street also features an open floor plan, fenced-in backyard, and covered front and back porches. This great house would make a great investment as a fully furnished 30-day rental or first home. Come see! Seller will review all offers Tuesday 9/28.

Listed by Brent Allen and Andrew Smith of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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6 Oak Crescent Drive Asheville NC 28806

Asheville, NC6 Oak Crescent Drive

Price$339,000

Est. Mortgage: $/month

MLS Number CAR3789340

  • MultiFamily
  • MLS Status Active
  • Property SubType Residential Income
  • Bedrooms 4
  • Year Built 1998

Beautiful Duplex On Large Lot. This duplex is two side by side units with identical mirrored floorplans. Both units have great spacious feeling one level floor plans with large living areas that are open to their kitchens. Both have large rear decks, individual laundry areas, heat pumps for heat/AC, 2 Paved Driveways, Duplex Built In 1998, Great Investment. For a short video of the property visit https://www.youtube.com/watch?v=vJudG-A7I5M

Listed by Elena Peters of Beverly-Hanks,South

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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5 Three J Lane Swannanoa NC 28778

Swannanoa, NC5 Three J Lane

Price$250,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3789037

  • Residential
  • Bathrooms 1
  • Bedrooms 2
  • Square Feet 768
  • Acreage 0.25

Move in ready, well maintained home conveniently located between Asheville and Black Mountain. No carpet, easy to care for flooring. Soaking tub/shower in bathroom. Fenced in backyard. Hardwood flooring installed in 2017. Soaking tub in 2019. Relaxing covered porch to enjoy the fall evenings. This comfortable home is a great starter home or investment.

Listed by Diane Duermit of Beverly-Hanks,Merrimon

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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259 Westwood Place Asheville NC 28806

Asheville, NC259 Westwood Place

Price$595,000

Est. Mortgage: $/month

MLS Number CAR3787908

  • Residential
  • Bathrooms 2
  • Square Feet 1167
  • Bedrooms 3
  • Acreage 0.31

Lovingly restored home nestled in desirable West Asheville. Just up the hill from New Belgium Brewing, the FB Greenway & River Arts District. This home comes w/ potential to subdivide the lot and an airbnb! With Haywood Rd just around the corner you will never need to leave your neighborhood again! Make this your single family home w/ in law suite or keep it as an airbnb for additional income. Home is ready with updated electrical, beautifully refinished floors, new refrigerator, new roof in 2018, and fresh exterior paint. The mature landscape and well established trees bring the woods to your backyard. Natural light throughout the year, amazing sunrises off the back porch and back bedroom, plus many creative updates. Obtainable year round views of downtown! Attached airbnb with solid income history & RM8 zoning on .31 acre lot with access on Richland Street makes this home an excellent investment opportunity. Buyer to verify splitting lot and building plans with the city.

Listed by Lauren Eaddy of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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3 Gash Farm Road Asheville NC 28805

MLS Number CAR3786889

  • MultiFamily
  • MLS Status Active
  • Property SubType Residential Income
  • Square Feet 4948
  • Bedrooms 11

Welcome to this excellent investment opportunity. Located conveniently in East Asheville, this fully leased property comes with two additional PINs: 966863752100000 and 966863850200000. In total there are 2 duplexes (each of the 4 units are 2 bed 2 bath) and a 3 bed 2 bath single family structure. These units have been maintained as needed over the years and all have an excellent rental history with very attractive renewal rates, please contact LA for more details.

Listed by Will Towery of Beverly-Hanks,Executive Park

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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186 Davidson Road Swannanoa NC 28778

Swannanoa, NC186 Davidson Road

Price$375,000

Est. Mortgage: $/month

MLS Number CAR3787115

  • Residential
  • Square Feet 1930
  • Bathrooms 2
  • Bedrooms 3
  • Acreage 0.97

Investors dream setting on a private 1 acre double lot, this charming house is ready for you to create your ideal home in East Buncombe! The house appears to have excellent bones, and the floor plan is optimal for cosmetic renovations without costly reconfigurations from moving walls. Living primarily on one level, the home offers 3 bedrooms, a welcoming living room, dining room, spacious kitchen, bonus room/office, covered front porch, and large laundry room. The basement has both inside and outside entrances. A large outbuilding can be used for your home workshop, or repurposed into an ADU. Enjoy the outdoors from the enormous and private yard with filtered mountain views that can be enhanced if desired. 2 parcels are included for added investment value with another potential build site. The convenient location is very near Warren Wilson College, along with easy drives to Swannanoa, Black Mountain, and Asheville is only 15 minutes away. Rare opportunity in a well sought-after area!

Listed by Collin O'Berry and Reese Morgani of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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84 & 92 E Mountain Way Asheville NC 28805

Asheville, NC84 & 92 E Mountain Way

Price$675,000

Est. Mortgage: $/month

MLS Number CAR3786540

  • MultiFamily
  • MLS Status Active
  • Property SubType Residential Income
  • Bedrooms 9
  • Square Feet 3899

Great investment with lots of potential! This is a multi-family trailer park with four trailers and a three bedroom / two bathroom home with an attached two car garage. Each trailer is a two bedroom / one bathroom home with city water and its individual own septic system. The house also has its own septic system and city water. There is also another out building with electric that could be used as another garage or large work shop. The trailers and the house are currently rented. As is or with upgrades, this trailer park and home could generate much more income and be a great investment for the serious buyer. This property will be Sold As Is. Pinnum for 84 E Mtn Wy - 966975997200000 Pinnum for 92 E Mtn Wy - 996985177500000 Pinnum for 92 E Mtn Wy - 966985177500000

Listed by Callie Heikes of Asheville Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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10 Carl Lane Candler NC 28715

Candler, NC10 Carl Lane

Price$595,000

Est. Mortgage: $/month

MLS Number CAR3782821

  • Residential
  • Bathrooms 3
  • Bedrooms 3
  • Square Feet 1753
  • Acreage 1.83

Private and secluded mountain retreat. Well maintained log sided home with year round mountain views. Home boast a open living concept with cathedral ceiling, hard wood floors, gas logs fireplace in great room. Kitchen with new ss appliances and island, great for gatherings and entertaining. Multiple doors allow access a large wrap around deck and side porch for outdoor entertaining. Two Primary Bedrooms with en-suite and a generous secondary bedroom with access to guest bath. Recent updates include new painted interior and log siding has been resealed and stained. Profitable investment opportunity all furnishings convey allowing this to be a turnkey AirBnB or VRBO ready for the holidays season. Huge flex room in basement, great for workshop, work out area or equipment storage. Convenient location with quick drive to Asheville, Blue Ridge Parkway and other area amenities.

Listed by Ruth Watts of Seller Solutions

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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9 Pensacola Heights Arden NC 28704

Arden, NC9 Pensacola Heights

Price$279,000

Est. Mortgage: $/month

MLS Number CAR3783790

  • Residential
  • Property SubType TOWNHOUSE
  • Bathrooms 2
  • Bedrooms 2
  • Acreage 0.03

Price just reduced on this clean, well-maintained home conveniently located between Asheville and Hendersonville in a quiet, wooded neighborhood with low HOA fees. Home has custom kitchen, fully finished basement with gas fireplace for a cozy family room and plenty of additional space for playroom or exercise area. You'll love the sunroom and newly painted deck that offer wonderful nature-focused living spaces for morning coffee, evening beverages, grilling and entertaining. The walk-up attic provides plenty of storage and the newer vinyl plank flooring allows for easy cleaning. New HVAC installed in 2019, newer water heater, and HOA that covers roof replacement (when needed) all offer peace of mind in this beautiful home. Potential for an investment property - must be confirmed with HOA. Pets are conditionally allowed in this neighborhood.

Listed by Charlotte Sheppard of Keller Williams Realty Mountain Partners

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

61 New Salem Road Swannanoa NC 28778

Swannanoa, NC61 New Salem Road

Price$225,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3785107

  • Residential
  • Bathrooms 1
  • Bedrooms 1
  • Square Feet 594
  • Acreage 0.23

This move-in-ready home is perfect for the first-time homebuyer or buyer looking for the ideal investment property. Located just outside of Asheville near Warren Wilson College, this lovely one-bedroom, one-bath, fully furnished cottage has the advantage of being very close to Asheville and downtown Black Mountain but without the city noise or taxes. Set on almost a quarter of an acre, this home's appeal is in the details. From the original hardwood floors to the lovely front porch, there is a lot of charm and practicality in this home.

Listed by John Hardie of Premier Sothebys International Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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205 Fayetteville Street Asheville NC 28806
Active With Contract

MLS Number CAR3784773

  • Residential
  • Bathrooms 2
  • Bedrooms 2
  • Square Feet 1127
  • Acreage 0.11

Charming 1920's bungalow in West Asheville close to Haywood Road and minutes from downtown Asheville. Enjoy the open concept living, beautiful natural light, and hardwood floors. 2 Bedroom and 2 full baths with bonus room, breakfast nook, rocking chair front porch and a fenced in yard. With a HVAC less than two years old, a newer roof, and tons of character, this is a great first home or investment opportunity. Highest and best offers are due by 5 pm on Thursday, September 15.

Listed by Nate Kelly of Nest Realty Asheville

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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46 Parkwood Avenue Woodfin NC 28804

Woodfin, NC46 Parkwood Avenue

Price$179,000

Est. Mortgage: $/month

MLS Number CAR3770966

  • Residential
  • Bathrooms 2
  • Bedrooms 3
  • Square Feet 720
  • Acreage 0.26

This is an awesome neo retro restoration! You can trust the opinion of a guy named Buck! There's nothing like it because this is one of a kind! It's a stylish and functional home tucked away in a cozy neighborhood 10 minutes to downtown Asheville. So many extras and upgrades make the lifestyle so much bigger than the square footage. Giant storage container, nice yard, shed, fire pit, and porch give you options to be creative with your time and space. Just finished renovations (contact Buck Schall for a complete list) and high-quality materials mean no worries and low maintenance. Great rental history and it is in Woodfin so it doesn't have Asheville city taxes or short term rental restrictions. Nice price for a solid home or investment!

Listed by Buck Schall and Valeria Carrizo-Wyda of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 2.88% last updated on Sep 23, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

Broker Reciprocity © 2021 by the Canopy MLS. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of September 25, 2021 8:23 PM EDT . 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.