2147 Brevard Road, Arden, NC 28704

Arden
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: john menkes, jeremy goldstein
Office: g/m property group
MLS#:4345037
Source:CH
2147 Brevard Road,Arden, NC 28704
$2,800,000
  • - Beds
  • - Baths
  • 12,372 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$226.32

About this home

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.

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Home facts

  • Year built:1998
  • Listing ID #:4345037
  • Updated:March 30, 2026 at 01:20 PM

Rooms and interior

  • Kitchen Description:Electric Oven, Gas Range, Oven, Refrigerator
  • Basement:Yes
  • Living area:12,372 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Forced Air, Heat Pump, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1998
  • Building area:12,372 sq. ft.
  • Lot area:2.85 Acres
  • Construction Materials:Vinyl

Schools

  • High school:T.C. Roberson
  • Elementary school:Avery's Creek/Koontz

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$226.32

Parking

  • Parking description:Parking Lot
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