Renovated Brick Home with
For Sale
$665,000
14 Penelope Street, Black Mountain, NC 28711
MULTI_FAMILY - Black Mountain, NC
Property SizeContact for details
Lot Size0.47 Acres
Days on Market46
Property Features for 14 Penelope Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
UR-8
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Driveway, Garage, Garage - Attached
Patio and Porch features
Porch
Pets allowed
Yes
Basement
Partially Finished, Interior Entry
Appliances
Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Lot features
Corner Lot, Private, Wooded
Elementary school
Black Mountain
Middle school
Charles D Owen
High school
Charles D Owen
Directions
From Asheville, take I-240 E to I-40E to exit 64. Take a left on NC-9 towards Black Mountain/Montreat. Take a right onto Sutton Ave and a left onto S. Ridgeway Ave. Take a left onto 1st St and a right onto Montreat Rd. Take a left onto W. Cotton Ave and a right onto Penelope St. The homes will be on your left.
Standard status
Active
APN
0710-31-1163-00000
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
see deed
Legal Description
see deed
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Heat Pump (Heating), Oil
Cooling system
Heat Pump, Ceiling Fan(s), Central Air
Amenities
hidden speakeasy
Building Details
Year built
1965
Number of units
2
Flooring type
Linoleum, Wood, Carpet
Building materials
Brick Full
Roof type
Metal
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(828) 669-5220
Listed By:
Eddie Colley · License #257918
(828) 776-3834
Added: Jun 27
Changed: Aug 11
Last Checked: Aug 11 at 6:06PM
MLS# 4398286
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
A fully renovated brick main home sits on a quiet corner lot and is complemented by a separate accessory dwelling unit (ADU). The main residence has been transformed throughout, with a durable metal roof, new HVAC, updated plumbing, and most new electrical. A newly permitted finished basement nearly doubles the home’s living space, adding to the overall comfort and flexibility of the layout. The home features 3 bedrooms and 2.5 bathrooms, and includes a distinctive hidden speakeasy-style entertainment space.
The property’s location allows a short walk to downtown Black Mountain. The detached ADU provides an independent, updated option within the same parcel, supporting multigenerational arrangements or guest accommodations alongside longer-term use. The detached 2-bedroom, 1-bath ADU has been renovated and is described as having a proven rental history with consistent occupancy. Additional exterior features include mature landscaping, a one-car garage, and parking for four or more vehicles.
For owner-occupants, the configuration supports both privacy and supplementary income, with the ADU functioning as a separate dwelling unit. For buyers and operators seeking a turnkey multifamily-style setup, the property combines substantial renovation work to key systems with two independently usable living spaces on one site.
The property’s location allows a short walk to downtown Black Mountain. The detached ADU provides an independent, updated option within the same parcel, supporting multigenerational arrangements or guest accommodations alongside longer-term use. The detached 2-bedroom, 1-bath ADU has been renovated and is described as having a proven rental history with consistent occupancy. Additional exterior features include mature landscaping, a one-car garage, and parking for four or more vehicles.
For owner-occupants, the configuration supports both privacy and supplementary income, with the ADU functioning as a separate dwelling unit. For buyers and operators seeking a turnkey multifamily-style setup, the property combines substantial renovation work to key systems with two independently usable living spaces on one site.
Key Highlights
- 1965 brick home with metal roof and updated systems including new HVAC, updated plumbing, and most new electrical
- Newly permitted finished basement adds additional living space
- 3‑bedroom, 2.5‑bath main residence with carpet, wood, and linoleum flooring
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated brick residence plus separate 2-bed ADU offers flexible living and rental income near downtown.
Where is this duplex located?
The property is located at 14 Penelope Street 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: 1965 brick home with metal roof and updated systems including new HVAC, updated plumbing, and most new electrical; Newly permitted finished basement adds additional living space; 3‑bedroom, 2.5‑bath main residence with carpet, wood, and linoleum flooring
