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.
Price$59,900
Est. Mortgage: $/month
MLS Number CAR3925884
Stunning views accompany this cabin tucked away in the mountains of WNC. Great investment opportunity. 1B, 1BA 400sq ft cabin. on .88 acres of property.
Listed by Cori Blankenship of Coldwell Banker King Waynesvil
Price$575,000
Est. Mortgage: $/month
MLS Number CAR3925856
Charming Cottage nestled in the Village of Cheshire located outside the city of Black Mountain and a short drive to Asheville. Great opportunity for an investment property-no short term rental restrictions. The community has a walking trail system that accesses the Town Center, Restaurants, and Fitness Complex. This cozy cottage offers an open concept floor plan, vaulted ceilings,Kitchen Aid stainless steel appliances,built-ins,fireplace and a loft. Main entry is a great space to hangout,play games,watch tv or whatever your heart desires. The Cheshire Community is the perfect mountain get away.
Listed by Aimee Hagler of Coldwell Banker Realty
Price$450,000
Est. Mortgage: $/month
MLS Number CAR3926240
This move-in-ready, light and airy 3 bed 2 full bath home has fresh paint, updated bathrooms, and new vinyl plank flooring in bathrooms and basement family room. In addition to the family room, the basement also holds a very large laundry room, storage room (which once housed an in-home salon), and a large workshop area with separate entrance. The large backyard is fully fenced with lots of room for outdoor living, a swing frame, and large storage building. Neighborhood walking trail sits just 180 ft from the property and leads to a community park with picnic shelter, outdoor fireplace, volleyball net, basketball courts, playground, and pump track. Commuting and recreation are made easy with close proximity to the Blue Ridge Parkway, Arboretum, Lake Powhatan, Asheville Outlets, and interstate access. This cute-as-a-button home is a great find, whether you're looking for your new home or a new investment. Virtual Tour at https://my.matterport.com/show/?m=L1q25UTiDrm&mls=1
Listed by Athena Dygert of Town and Mountain Realty
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Price$250,000
Est. Mortgage: $/month
MLS Number CAR3918692
Bring your paint & your vision to finish a great work already started in this sweet mountain cottage on nearly 1.5 level acres w/ sensational mountain views! Vast open yard space meets a woodsy backdrop to create a more private setting. Bring your rocking chairs to the front covered porch where you can enjoy distant mountains rising above a mesmerizing blend of forest & pastures. Inside, you'll appreciate gorgeous hardwood flooring in the main living areas. The updated kitchen grants wonderful countertop space & cabinetry. Unfinished laundry/mud room is located off of kitchen. Separate dining room/flex room! The bathroom has already been beautifully renovated! 2 bedrooms on main. Upstairs is a large bonus room not included in the total heated living area (ceilings are below 7'). This space harbors fantastic potential for a variety of uses! New windows/exterior doors/mini-splits in 2018. This special homestead or excellent rental investment awaits your finishing touches! STRs allowed.
Listed by Matt Tavener and Ashley Payne of Keller Williams Professionals
Price$479,000
Est. Mortgage: $/month
MLS Number CAR3919226
Whether you're looking for your first home or an investment property, this adorable income-producing, 2/2 cottage in highly desirable south Asheville fits the bill. Less than two miles to the nearest grocery store, and only three miles to the Blue Ridge Parkway, this home's location is the best of both worlds. The open floorplan and numerous porches make the living feel larger than the measured square footage. Currently a part-time short-term rental, this home is move-in ready or ready to rent! Some furnishings available for purchase. Buyer cannot close before March 1. Note: NCDOT is planning to widen Mills Gap Road which will affect this property. See agent remarks and attachments for detailed information.
Listed by Tracy Dew of Preferred Properties
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Price$661,000
Est. Mortgage: $/month
MLS Number CAR3924827
Expansive house surrounded by lush vegetation. Whether you're looking for a place to live, a peaceful holiday retreat, or a great investment opportunity, this is the ideal place. Surrounded by nature, w/ample parking and impressive long-range mountain views, this lovely 1.5 story home is waiting for you. The beautiful kitchen features sparkling quartz countertops, soft-close cabinets, under-cabinet lighting, and modern appliances. Its wooden floorboards flow into the open-plan living/dining room, boasting impressive high ceilings and a Heatalator wood fireplace that provides warmth. The bedrooms are spacious w/ vast windows that let in plenty of natural light.The cherry on top is the fully-finished basement w/ a kitchen, a bedroom, a full bathroom, and office space. Ideally located, you'll be 5 miles away from DT Asheville and 1 mile from Beaver lake. Close to shopping, bars, and restaurants. Lot is subdividable, no city taxes, STR is allowed, so don't miss out on this opportunity!
Listed by Rita Lee of Rita Lee and Associates Realty Group
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Price$250,000
Est. Mortgage: $/month
MLS Number CAR3924697
Fantastic and highly sought after 2 bedroom and 2 bathroom condominium at the Seasons at Biltmore Lake. This unit is located on the main level at the back end of the building with a beautiful view of the woods from the patio. The condo is conveniently located directly next to the clubhouse, swimming pool, fitness center, and business center. The Seasons community also hosts a car wash bay, picnic and grilling area, playground, and walking trails. Other highlights include walk-in closet, laundry room w/ washer and dryer, two bathtubs, and an open floor plan. Conveniently located within 20 min of Asheville and 30 min of Hendersonville. This property conveys with a garage as well as two storage units. The condo, garage, and two storage units are all currently tenant occupied earning $1,495/mo in gross rental revenue (with upside potential, see attachments). Current condo tenant lease in place until May 31, 2023. This is a perfect investment opportunity or a lovely community to call home!
Listed by Michael Kotzen of Keller Williams Professionals
Price$475,000
Est. Mortgage: $/month
MLS Number CAR3924217
Light filled contemporary mountain house w no restrictions! Your proven vacation rental investment personal getaway or a primary home. Indoor & outdoor living spaces galore for gathering or spreading out. End of the road privacy. No thru traffic ever. 15 min to Ingles 20 to Patton Ave.Immense great room windows from floor to cathedral ceilings flood the home with light. Thoughtfully laid out kitchen. Ample cabinetry & walk in pantry/storage. Primary has walk in closet & sliding glass doors to the front deck. Front & rear decks run the length of the house and are deep enough to entertain. The rear deck is framed by the nearby wooded hillside. Fire pit below offers a nice level seating area to enjoy a cool evening outside. Large downstairs rec room has gas log fire. Could be a great media room. Additional bonus room could be for sleeping an office or craft room. From the lower level step outside and take a dip in the hot tub to cap off a perfect day.
Listed by Chris Mako of Town and Mountain Realty
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Price$379,900
Est. Mortgage: $/month
MLS Number CAR3924132
Sit on your back deck and enjoy year round mountain views from this great home in Grovemont! Convenient location to everything that Black Mountain and Asheville has to offer. Great living space on the main level. Super spacious kitchen with an island and newer appliances. Additional opportunity in the full, unfinished basement with it's own entrance and bath. Grovemont is a great neighborhood with tons to offer! Home is just a short walk away from the Swannanoa Library and the Grovemont Square complete with play and recreation area. This home has been a successful investment property but would make an ideal personal residence or an income producing long or short-term rental - the possibilities truly are endless!
Listed by Phoebe Hall of Carolina Life Properties LLC
Price$325,000
Est. Mortgage: $/month
MLS Number CAR3921499
Multiple offers received. Best and Final Monday 11/14 at 3pm. This sweet home has been well-loved and is ready for your cosmetic updates. Take a look at all of the opportunities here. Possible to bring in public sewer and add additional homes, buyer to verify. No restrictions in the county with mountain views from the front porch. Surrounded by high-end communities, and new development, and very convenient to all of South Asheville's finest shopping and eateries. This could be your perfect investment for a primary residence or long or short-term rental property. Located in a high-performing school district with easy access to all things that make Asheville a top place to live.
Listed by Alexandra Schrank of RE/MAX Executive
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Price$305,000
Est. Mortgage: $/month
MLS Number CAR3880350
Conveniently located in the sought after Fairview area, this inviting home is within 20 minutes of Downtown AVL, AVL Regional Airport, Asheville Outlets, Blue Ridge Parkway, and so much more! Nestled on a corner lot with mature trees and extended driveway into garage, the home boasts a new water heater, new roof in 2019, new duct work, new windows in 2014, new house/attic ventilation, recently added insulation in the attic, new vapor barrier in crawlspace and a recently updated primary bath. Whether you're looking for a starter home, investment property, second home, or simply downsizing, this property is awaiting your personal touch! **THIS IS AN ASSUMABLE MORTGAGE & RATE AT 3.25% - new homebuyer must bridge the difference in the down payment from the seller's sales price to the seller's outstanding mortgage balance to qualify**
Listed by Shana Brookshire of Costello Real Estate and Investments
Price$440,000
Est. Mortgage: $/month
MLS Number CAR3920606
***ATTENTION INVESTORS*** There are absolutely NO Rental Restrictions! Make this your personal home or your investment home for a short/long-term rental opportunity. This fantastically maintained END UNIT townhome with southern exposure has an abundance of natural light. Pristine hardwood floors, custom paint and quality finishes make this home exceptional. Features include accent walls in living and dining area with an electric fireplace, custom cabinets and counters in kitchen, upper level laundry, tiled showers and baths, modern upgraded lighting and fans, and a large crawlspace for storage with auto humidity fan on lower level. Enjoy the private covered deck off the living room for relaxing or dining. Located just over a mile from downtown Black Mountain. You can live the life you have dreamed with the ability to "lock and leave." Large guest parking adjacent to unit. Rainbow Terrace IS a NCDOT maintained road. Seller is NC licensed real estate agent.
Listed by Bea Mattice of Lantern Realty Asheville
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© 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 December 4, 2022 3:20 AM EST . 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.
