West Asheville Multifamily Development
For Sale
$749,000
101 Arline Henry Way, Asheville, NC 28806
West Asheville .41-acre development opportunity for up to 10 units.
Property SizeContact for details
Lot Size0.41 Acres
Days on Market306
Property Features for 101 Arline Henry Way
General Information
Standard status
Active
Lot size
0.41 Acres
Property subtype
Lot-Land
Amenities
Cleared,Infill Lot,Sloped
City
0.41
Gravel,Paved
City Street,Private Road
Publicly Maintained Road,Private Maintained Road,Other - See Remarks
Listing Agency:
Coldwell Banker Newton RE
(864) 242-6650
Listed By:
Ayrian Jorgensen
(425) 876-6529
Source:
Cdanjoyner
Added: Dec 4, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Newton RE
Investment Insights
Based on property information with market context.
This .41-acre property in West Asheville presents a build-for-rent multifamily development opportunity, allowing for the construction of up to 10 units. The site, zoned RM8, features four engineered building areas. The current layout supports three units each on the two eastern pads (101 105 Arline Henry Way) and two units each on the two western pads. Significant site work has already been completed, including substantial grading, imported and compacted fill dirt, full stormwater installation, a new sewer line extension with one new manhole, retaining walls, tree clearing, and utility preparation. The final pad cuts have not yet been made, allowing for customization of each building area to fit specific design needs. Entitlements are approximately 99% complete, with only updated stormwater calculations being finalized and no anticipated changes to the approved layout or density. The RM8 zoning allows for various small multifamily formats, including duplexes, triplexes, and attached product. This infill development site is located in a highly desirable area of West Asheville.
Key Highlights
- RM8 zoning allows for a variety of multifamily formats.
- Extensive site work already completed, saving significant time and money.
- Development opportunity for up to 10 units in a desirable West Asheville location.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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Business Placement
Demographics for 28806, NC
44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - West Asheville .41-acre development opportunity for up to 10 units.
Where is this residential land & home lot located?
The property is located at 101 Arline Henry Way Asheville, NC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: RM8 zoning allows for a variety of multifamily formats.; Extensive site work already completed, saving significant time and money.; Development opportunity for up to 10 units in a desirable West Asheville location.
