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Multifamily Estate with Cottages
For Sale
$1,900,000

108 Lakewood Drive, Asheville, NC 28803

Four dwellings occupy two abodes with a shared spa, sauna, and courtyard setting.

Property Size4,131 SF
Lot Size1.38 Acres
Price / SF$459.94
Days on Market717

Property Features for 108 Lakewood Drive

General Information

Standard status Active
Size 4,131 SF
Lot size 1.38 Acres
Property subtype Multi Family

Additional Details

Multifamily Units 4

Amenities

spa
organic cedar plank sauna
mandala brick courtyard
trails

Building Details

Year Built 1926
Buildings 2
Construction Tudor
Listing Agency: Keller Williams Professionals
Listed By: Maurie Hill · License #311115
Source: Exitrealty
Added: Sep 13, 2024 Changed: Aug 30 Last Checked: Aug 30 at 1:45PM

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 Keller Williams Professionals

Investment Insights

Based on property information with market context.

This multifamily property at 108 Lakewood Drive includes a classic 1926 Tudor home and additional cottages designed in a compatible style. Four dwellings are arranged within two abodes, creating a distinctive residential compound with a shared spa, organic cedar plank sauna, and mandala brick courtyard. The main residence retains its historic character and classic architectural details, while large windows overlook the wooded grounds.

The 1.38-acre estate is situated across from Leah Chiles Park in Asheville. Forested grounds include rare conifers and meandering trails beneath mature evergreens, providing a private natural setting within the city. The property size is listed as 4,131.

Key Highlights

  • Four dwellings arranged within two abodes
  • Classic 1926 Tudor home with additional cottages
  • 1.38‑acre forested estate across from Leah Chiles Park

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Catering Service HVAC Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 28803, NC

34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four dwellings occupy two abodes with a shared spa, sauna, and courtyard setting.
Where is this multifamily property located?
The property is located at 108 Lakewood Drive Asheville, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four dwellings arranged within two abodes; Classic 1926 Tudor home with additional cottages; 1.38‑acre forested estate across from Leah Chiles Park
More about this property
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