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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.

Find Investment Properties for Sale in Asheville & Buncombe County

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. 

218 Rainbow Terrace Black Mountain NC 28711

MLS Number CAR3874826

  • Residential
  • Bedrooms 3
  • Bathrooms 3
  • Square Feet 1,698

Don't miss the opportunity to purchase the developer's personal townhome that has been gently used over the course of their ownership! Excellent investment potential, as this townhome has short term rental capability. Low HOA fee. This 3 bedroom, 2.5 bath townhome is just a little over a mile from the center of Black Mountain. Quality construction throughout includes "finished on site" oak hardwood floors, 9' ceilings, 42" upper kitchen cabinets, soft close drawers and doors, granite counter tops in kitchen and baths. Tiled showers and baths. Upper level laundry. Private deck off of the living room for relaxing or dining. Large crawlspace for extra storage. Guest parking lot available. All furnishings available to have unit a turn-key vacation rental.

Listed by John Patson and Barclay Garnett of Dwell Realty Group

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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2001 Cane Creek Road Fletcher NC 28732

Fletcher, NC2001 Cane Creek Road

Price$550,000

Est. Mortgage: $/month

MLS Number CAR3875388

  • Residential
  • Bedrooms 3
  • Bathrooms 3
  • Square Feet 2,003
  • Acreage 3.38

Incredible primary residence and / or investment property in one of the Asheville areas finest locations! From the moment you drive up the tree lined drive and see the main cabin house, you'll know you've arrived. You'll love cooking in the open kitchen and sitting on the open air decks while you watch the fireflies in the partially fenced yard / pasture. Behind the main house you'll find the guest/artist barn where you can entertain and create magic to your hearts delight! Relax around the fire pit and soak in the sounds of nature! Enjoy the grapes and berries grown on the property. There's another structure that could be storage or another studio as well. There may also be room to build another home (buyer to confirm) and the land offers the potential for incredible views from the upper acreage. Showing times are 6/30 - 7/5 (10:00am - 6:00 pm). Offer deadline on Wednesday 7/6 by 3:00 pm. Prequal req. to show. Call today for your private viewing!

Listed by Jason Brodsky of EXP Realty LLC Asheville

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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615 Biltmore Avenue Asheville NC 28803

MLS Number CAR3876395

  • Condo
  • Property SubType CONDOMINIUM
  • MLS Status Active
  • Year Built 1949
  • Bathrooms 2

No Rent Cap. Location Location Location! Desirable Beverly condo is for sale. New Laminate floors with 2 bedrooms and 2 bathrooms make this the perfect place to call home. Ample Closet space makes for lots of storage. Laundry is located in the master bedroom closet. Great investment opportunity to use as a long term rental. Minutes to Biltmore Village and downtown Asheville. You will love the location. HOA dues include water, sewer all exterior maintenance, common area and lawn maintenance, roads and sidewalks. No short term rentals allowed. Don't miss this opportunity!

Listed by Caroline Kalpinski of Premier Sotheby?s International Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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246 North Fork Road Black Mountain NC 28711

MLS Number CAR3854650

  • Residential
  • Bedrooms 3
  • Bathrooms 2
  • Square Feet 936
  • Acreage 0.41

House AS IS. Needs some TLC but is a good investment property with the potential to build another residence on the back of the lot, pending an agreement on the driveway.

Listed by Norval Hensley of RE/MAX RESULTS

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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107 Ridgedale Road Candler NC 28715

Candler, NC107 Ridgedale Road

Price$510,000

Est. Mortgage: $/month

MLS Number CAR3870952

  • Residential
  • Bedrooms 5
  • Bathrooms 3
  • Square Feet 1,206
  • Acreage 0.8

Welcome to this beautifully updated and well-maintained MULTI-Family home! With 3 bedrooms and 2 baths on the main level A, as well as a large wood deck and covered porch, this home has plenty of space. The lower level, also known as B, was an income-producing apartment with a separate outside entrance, driveway, and utilities it has 3 rooms, 1 full bath, and a separate deck - and perfect for entertaining or relaxing. Other recent renovations include a new well pump, updated kitchen and bathrooms, and newer appliances throughout. The roof is only 4 years old, and the solar system is 2 years old - meaning you can save big on energy costs! The large grassy yard is perfect for guests or pets to play, and the home is situated on a quiet street, only a short drive to Asheville. This home is turn-key and ready to go! See floor plans for details. Don't miss out on this amazing opportunity - call today for a showing!

Listed by Cheryl Cenderelli of Premier Sotheby?s International Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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107 Ridgedale Road Candler NC 28715

Candler, NC107 Ridgedale Road

Price$510,000

Est. Mortgage: $/month

MLS Number CAR3870959

  • MultiFamily
  • Bedrooms 5
  • Square Feet 2,440

Welcome to this beautifully updated and well-maintained MULTI-Family home! With 3 bedrooms and 2 baths on the main level A, as well as a large wood deck and covered porch, this home has plenty of space. The lower level, also known as B, was an income-producing apartment with a separate outside entrance, driveway, and utilities it has 3 rooms, 1 full bath, and a separate deck - and perfect for entertaining or relaxing. Other recent renovations include a new well pump, updated kitchen and bathrooms, and newer appliances throughout. The roof is only 4 years old, and the solar system is 2 years old - meaning you can save big on energy costs! The large grassy yard is perfect for guests or pets to play, and the home is situated on a quiet street, only a short drive to Asheville. This home is turn-key and ready to go! See floor plans for details. Don't miss out on this amazing opportunity - call today for a showing!

Listed by Cheryl Cenderelli of Premier Sotheby?s International Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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313 Bowling Park Road Asheville NC 28803

Asheville, NC313 Bowling Park Road

Price$470,000

Est. Mortgage: $/month

MLS Number CAR3874487

  • Condo
  • MLS Status Active
  • Property SubType CONDOMINIUM
  • Bathrooms 2
  • Bedrooms 2

INCOME PRODUCING SHORT-TERM RENTAL CONDO AS WELL AS YOUR PRIVATE ASHEVILLE GETAWAY! LOCATED IN THE HEART OF ASHEVILLE ~ Nestled in the BLUE RIDGE MOUNTAINS, THE RESIDENCES AT BILTMORE is an upscale condominium community only minutes to DOWNTOWN Asheville, Biltmore Estate, & Mission Hospital. Walk to restaurants, local galleries & shops. This open floor plan condo offers private balcony, gas fireplace & hardwoods with all furniture, appliances, dishes & linens included. New Event Space, Lobby, Restaurant, & Bar NOW OPEN! This rare investment opportunity gives owners the flexibility of participating in an onsite short-term rental program which will generate income while you're away!

Listed by Angela Booher of Beverly-Hanks,Executive Park

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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31 Hildebrand Street Asheville NC 28801

Asheville, NC31 Hildebrand Street

Price$400,000

Est. Mortgage: $/month

MLS Number CAR3875356

  • MultiFamily
  • Bedrooms 4
  • Square Feet 1,582

Sweet duplex literally seconds from downtown Asheville. 2-2BD/1BA units in good shape. Under rented and tenants pay all utilities. Extra lot included that could fit a tiny home with parking. Come see this investment property so close to town! Agent/Owner, pre qual and/or POF required before showings

Listed by Brent Allen and Allyson Nanney of Patton Allen Real Estate LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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273 Bear Creek Road Asheville NC 28806

Asheville, NC273 Bear Creek Road

Price$189,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3875352

  • Residential
  • Bedrooms 2
  • Bathrooms 1
  • Square Feet 790
  • Acreage 0.26

INVESTOR SPECIAL!!! This is a great opportunity for an investor or first time home buyer looking for a renovation project. Large sunny lot located in a convenient and nice area. Strong potential is there for some sweat equity for someone looking for a fun project. This would be a great investment/rental for someone who has the vision and creativity to make it happen. Home seems to have good bones but come and check it out!

Listed by David Bluth of Blueblaze Real Estate Group LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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18 Cisco Road Asheville NC 28805

Asheville, NC18 Cisco Road

Price$299,900

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3875138

  • Residential
  • Bedrooms 3
  • Bathrooms 2
  • Square Feet 1,063
  • Acreage 0.3

Well maintained brick rancher in the delightful Haw Creek neighborhood! Sitting proudly on a .30 acre only minutes to Downtown Asheville & the Blue Ridge Parkway. Inside, you'll find that the kitchen and sun room has updated flooring, updated light fixtures and windows(except sunroom) throughout the house, updated electrical wiring and recently refinished hardwood floors. This charming home offers 3 bedrooms and 1 full bathroom and a half bath in the primary bedroom, plus extra finished living space off the kitchen. Level fenced-in yard which also includes a shed for extra storage. The large lot provides tons of opportunities for landscaping and gardening. Would be a great starter home or rental investment. Come check this place out today!

Listed by Travardi Davidson and Michael Shoffner of Keller Williams Professionals

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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24 White Oak Road Asheville NC 28803

Asheville, NC24 White Oak Road

Price$699,000

Est. Mortgage: $/month

Active With Contract

MLS Number CAR3875236

  • Residential
  • Bedrooms 3
  • Bathrooms 3
  • Square Feet 1,700
  • Acreage 0.39

Welcome home to 24 White Oak Road in Biltmore Forest. This one level home is just right for anyone who does not desire the maintenance and upkeep of larger homes. Located conveniently in S. Asheville, restaurants, shopping, and grocery stores are just around the corner. At an entry level price, this house is an excellent investment. Come see this home today.

Listed by Sandy Austin of Beverly-Hanks,Merrimon

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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1569 Jenkins Valley Road Alexander NC 28701

MLS Number CAR3874706

  • Residential
  • Bedrooms 3
  • Bathrooms 3
  • Square Feet 4,625
  • Acreage 0.95

This will not last long!! This spectacular home sitting on approximately .95 acres, less than 20 minutes from downtown Asheville, has everything you could want. Not to mention the spectacular mountain view, this property not only features a substantial ranch, brick style home but also 2 different garages and plenty of storage. The main level of the home features 3 bedrooms 2 baths and plenty of space for entertaining. There is also the possibility to craft your own movie room, entertaining space, or additional living space in the partially finished basement. Need some additional storage? No problem. This property has 2 different 2 car garages and a shop area. Whether you're an investor looking for a solid investment property or a family looking for the space to grow and live unimpeded, this is the place you've been searching for.

Listed by Timothy Johnson of Keller Williams - Black Mtn.

$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* 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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Broker Reciprocity © 2022 Listings courtesy of Canopy MLS as distributed by MLS GRID. 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 June 27, 2022 10:24 AM 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. Some IDX listings have been excluded from this website.