37 Water Street, Asheville, NC 28801

Asheville
Local realty services provided by:Better Homes and Gardens Real Estate Heritage
Listed by: peter lorenz, bill johnson
Office: keller williams professionals
MLS#:4416437
Source:CH
37 Water Street,Asheville, NC 28801
$540,000
  • 4 Beds
  • 4 Baths
  • 2,244 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$540,000
  • Price per sq. ft.:$240.64

About this home

Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing...

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Home facts

  • Year built:1925
  • Subdivision & Development:none
  • Listing ID #:4416437
  • Updated:October 14, 2026 at 01:26 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Vinyl, Wood
  • Kitchen Description:Gas Oven, Gas Range, Microwave, Refrigerator
  • Basement:Yes
  • Living area:2,244 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1925
  • Building area:2,244 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Wood
  • Foundation Description:Basement

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$540,000
  • Price per sq. ft.:$240.64

Features and amenities

  • Laundry features:In Basement
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