Downtown Apartment Buildings with
For Sale
Contact for pricing
134 Biltmore Ave, Asheville, NC 28801
Two circa-1920 two-story apartment buildings total 8 units with gas, electric, and water meters and mostly month-to-month leases.
Property SizeContact for details
Days on Market121
Property Features for 134 Biltmore Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Building Details
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
G/M PROPERTY GROUP LLC
(828) 281-4024
Listed By:
John Menkes · License #NC 194446
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:46AM
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 G/M PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
Two circa-1920 apartment buildings offer a combined total of 8 units. Each building is 2 stories plus basement and was originally designed for apartment use, with wide, low eaves and ashlar granite construction. The buildings provide four 2-bedroom, 1-bath units per building, for eight units total, and include 8 individual meters for gas, electric, and water.
The property is located in the Downtown Hotel Overlay. Existing leases are reported to be well below market, with all but 1 lease stated as month-to-month. The offering notes potential for conversion to condos, hotel use, or partial private residence; see the brochure for additional details.
The property is located in the Downtown Hotel Overlay. Existing leases are reported to be well below market, with all but 1 lease stated as month-to-month. The offering notes potential for conversion to condos, hotel use, or partial private residence; see the brochure for additional details.
Key Highlights
- Two circa‑1920 two‑story apartment buildings with basements, for a total of 8 units
- Each building has 4 units (2‑bedroom/1‑bath per unit), totaling 8 two‑bedroom units
- Utilities are separately metered with 8 individual meters for gas, electric, and water
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two circa-1920 two-story apartment buildings total 8 units with gas, electric, and water meters and mostly month-to-month leases.
Where is this apartment building located?
The property is located at 134 Biltmore Ave Asheville, NC.
What are key features of this property?
This property features: Two circa‑1920 two‑story apartment buildings with basements, for a total of 8 units; Each building has 4 units (2‑bedroom/1‑bath per unit), totaling 8 two‑bedroom units; Utilities are separately metered with 8 individual meters for gas, electric, and water
