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    40 Coleman Ave Asheville, NC 28801

    For Sale
    $825,000

    MULTI_FAMILY - Other - Asheville, NC

    Lot size:
    0.23 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 40 Coleman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Storm Window(s)
    Zoning
    RM8
    Rooms
    Basement, Bedroom 1, Bathroom 1
    Bedrooms
    1
    APN
    9649-46-0993-00000
    Parking
    4
    Parking features
    On Street, Driveway
    Pets allowed
    Yes
    Interior features
    Attic Other
    Basement
    Walk-Up Access, Storage Space, Unfinished
    Appliances
    Gas Cooktop, Gas Oven, Gas Water Heater, Refrigerator, Washer/Dryer
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Wall Furnace

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Wood
    Building materials
    Brick Full
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Other

    EXP REALTY LLC (336) 937-9123 [email protected]

    Listing agent Jonathan Franzen (864) 420-2247

    Listing date Oct 14, 2025

    MLS# 4209787 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Asheville Four-Unit Building

    Located in North Asheville, this four-unit brick building at 40 Coleman Avenue presents an opportunity near UNCA, Weaver Park, Grove Park Inn, and Beaver Lake. The property, situated on a 0.23-acre lot, features a central staircase providing interior access to the basement, which offers storage space, and rear access for each unit. The building is zoned RM8. The property is located in Buncombe County, Asheville, NC 28801.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brian Piergrossi : Coaching, ... Counselor Franzola Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asheville
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.553371
    Latitude
    35.613005

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building in North Asheville near UNCA and Grove Park.
    Where is this quadplex located?
    The property is located at 40 Coleman Ave Asheville, NC.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Prime North Asheville location near UNCA, Weaver Park, Grove Park Inn, and Beaver Lake.; - Four-unit brick building offering excellent income potential.; - Excellent curb appeal and prominent presence.
    (864) 420-2247
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Coleman Ave Asheville, NC 28801
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