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Furnished Duplex Cottage Package
For Sale
$444,000

15 and 16 Cottage Drive, Asheville, NC 28805

Residential Income, Asheville, NC

Property SizeContact for details
Lot Size0.19 Acres
Days on Market99

Property Features for 15 and 16 Cottage Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning RS8
Zoning description RS8
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features Driveway
Patio and Porch features Deck
Pets allowed Yes
Interior features Open Floorplan
Appliances Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
Subdivision Homeland Park
Lot features Wooded
Elementary school Charles C Bell
Middle school AC Reynolds
High school AC Reynolds
Directions From Downtown Asheville take I-240 to exit 7. Follow Hwy 70/Tunnel Rd east 1.5 miles to right on Hwy 81/Swannanoa River Rd. Immediate left into Homeland Park Community. Immediate right on Cottage Drive to #16 on the right. There's parking in front of 15 or 16 Cottage Dr.
Standard status Active
APN 9668-16-9647 & 9668-16-9742
Lot size 0.19 Acres

Taxes and HOA fees

Tax Description DEED DATE: 2023-06-20 DEED: 6328-583 SUBDIV: HOMELAND PARK BLOCK: LOT: 15 SECTION: A PLAT: 0024-0051
Legal Description DEED DATE: 2023-06-20 DEED: 6328-583 SUBDIV: HOMELAND PARK BLOCK: LOT: 15 SECTION: A PLAT: 0024-0051

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating)
Cooling system Ductless

Amenities

in-unit washer/dryer
private back deck
storage shed

Building Details

Year built 1930
Number of units 2
Flooring type Vinyl
Building materials Log
Roof type Metal
Architectural style Cottage
Additional Structures Outbuilding
Listing Agency: Mosaic Community Lifestyle Realty
Listed By: Carol Marin · License #242121
Added: Jun 11 Changed: Sep 14 Last Checked: Sep 17 at 2:06AM
MLS# 4392051

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.

This offering includes two renovated studio cottages at 15 and 16 Cottage Drive, configured for furnished 30-day rentals. Both residences provide open floorplans, vinyl flooring, ductless heating and cooling, private decks, and in-unit washer/dryers. The homes are equipped with kitchen appliances and are being offered together with furnishings and operational equipment. One cottage also includes driveway parking and a storage shed.

The properties are located minutes from the VA Hospital and Mission Hospital, with access to Downtown Asheville, Black Mountain, and the Blue Ridge Parkway. RS8 zoning, public sewer, metal roofs, and 1930 construction provide additional property context. The residences may be rented individually or occupied separately, with traveling medical professionals and other mid-term tenants identified as potential users in the existing rental model.

Key Highlights

  • Two renovated studio cottages offered together at 15 and 16 Cottage Drive
  • Furnished setup with kitchen appliances and equipment included
  • 30‑day rental format has been used for traveling medical professionals and mid‑term tenants

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Grocery & Convenience Store Building Supply Furniture & Home Goods

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

612
Businesses Nearby

Demographics for 28805, NC

18,554
Population
10,737
Households
1.7
Avg Household Size
48
Median Age
49%
College-Educated
96%
High-School Grad
26.5 sq mi
ZIP Area
700
Density / Sq Mi
$67,104
Median Household Income
$35,897
Median Earnings
$1,198
Median Rent
$360,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - Two renovated studio cottages include private decks, mini-split HVAC, and in-unit laundry.
Where is this duplex located?
The property is located at 15 and 16 Cottage Drive Asheville, NC.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Two renovated studio cottages offered together at 15 and 16 Cottage Drive; Furnished setup with kitchen appliances and equipment included; 30‑day rental format has been used for traveling medical professionals and mid‑term tenants
More about this property
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