Renovated Multifamily Property with
For Sale
$665,000
14 Penelope St, Black Mountain, NC 28711
Updated brick residence with a detached, renovated ADU and income-producing rental history.
Property Size1,114 SF
Price / SF$596.95
Days on Market39
Property Features for 14 Penelope St
General Information
Standard status
Active
Size
1,114 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
speakeasy
mature landscaping
Building Details
Buildings
2
Construction
brick
Listing Agency:
Keller Williams Professionals
(828) 776-3834
Listed By:
Eddie Colley · License #257918
(828) 776-3834
Source:
Exprealty
Added: Jun 27
Changed: Aug 3
Last Checked: Aug 3 at 7:28AM
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 renovated multifamily property pairs an updated brick main residence with a detached accessory dwelling unit on a private corner lot. The primary home includes 3 bedrooms and 2.5 bathrooms, a newly permitted finished basement, metal roofing, new HVAC, updated plumbing, and most new electrical work. A concealed speakeasy provides an additional entertaining area. The separate ADU offers 2 bedrooms and 1 bathroom and has a documented rental history with consistent occupancy.
Located at 14 Penelope St in Black Mountain, the property is within a short walk of downtown. Mature landscaping, a one-car garage, and parking for four or more vehicles add practical site functionality. The layout supports flexible use as a residence with supplemental rental income, a multigenerational setup, or a guest accommodation.
Located at 14 Penelope St in Black Mountain, the property is within a short walk of downtown. Mature landscaping, a one-car garage, and parking for four or more vehicles add practical site functionality. The layout supports flexible use as a residence with supplemental rental income, a multigenerational setup, or a guest accommodation.
Key Highlights
- Renovated multifamily property with a brick main residence and detached ADU
- Main home includes 3 bedrooms, 2.5 bathrooms, and a newly permitted finished basement
- Detached ADU provides 2 bedrooms and 1 bathroom with consistent rental occupancy history
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
Market
Properties on Market for Multifamily properties in Buncombe County
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated brick residence with a detached, renovated ADU and income-producing rental history.
Where is this multifamily property located?
The property is located at 14 Penelope St Black Mountain, NC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Renovated multifamily property with a brick main residence and detached ADU; Main home includes 3 bedrooms, 2.5 bathrooms, and a newly permitted finished basement; Detached ADU provides 2 bedrooms and 1 bathroom with consistent rental occupancy history
