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Updated 2-Unit Duplex

160 State Street, Asheville, NC 28806

For Sale
$409,000

Residential Income, Asheville, NC

Property SizeContact for details
Lot Size0.43 Acres
Days on Market12

Property Features for 160 State Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RM16
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking 4
Parking features Driveway, Parking Lot
Pets allowed Yes
Interior features Open Floorplan, Pantry
Exterior features Fire Pit
Fencing Fenced
Appliances Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer, Washer/Dryer
Lot features Cleared, Level, Wooded
Elementary school Asheville City
Middle school Asheville
High school Asheville
Standard status Active
APN 9638-43-5272-00000
Lot size 0.43 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description DEED DATE:04/19/2023 DEED:6312-0300 LOT:TRACT B PLAT:0159-0037
Legal Description DEED DATE:04/19/2023 DEED:6312-0300 LOT:TRACT B PLAT:0159-0037

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Forced Air
Cooling system Ceiling Fan(s), Central Air, Electric

Amenities

in-unit laundry
fenced yard
covered pergola
off-street parking

Building Details

Year built 1996
Floors in Building 1
Number of units 2
Flooring type Vinyl
Building materials Vinyl
Roof type Composition
Additional Structures Outbuilding
Buildings 1
Listing Agency: EXP Realty LLC
Listed By: Sheridan Cupp · License #287417
Added: Oct 27 Changed: Nov 5 Last Checked: Nov 7 at 6:06PM
MLS# 4435250

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.

Rey
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Investment Insights

Based on property information with market context.

This 1996 duplex contains two apartments, each configured with one bedroom and one bathroom. Interior features include open living and kitchen areas, 12-foot ceilings, updated kitchens and bathrooms, and vinyl plank flooring. Each residence has a stacked washer and dryer that convey. The property also includes a fenced yard, covered pergola, fire pit, and off-street parking on a 0.43-acre lot.

The property is on State Street in West Asheville, with Haywood Road’s restaurants, breweries, shops, cafes, and music venues described as a short walk away. Downtown Asheville and the River Arts District are a few minutes away.

The zoning is RM-16. City planning information indicates the site may allow another duplex or up to 21 units; buyers should verify permitted development. The property is tenant occupied, and the source notes rental contracts extending into 2027.

Key Highlights

  • Two apartments, each with 1 bedroom and 1 bathroom
  • 0.43‑acre lot with RM‑16 zoning
  • 12‑foot ceilings in the living and kitchen areas

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

685
Businesses Nearby

Demographics for 28806, NC

44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Asheville

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both apartments have one bedroom and one bathroom, with in-unit laundry and access to a fenced yard.
Where is this duplex located?
The property is located at 160 State Street Asheville, NC.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Two apartments, each with 1 bedroom and 1 bathroom; 0.43‑acre lot with RM‑16 zoning; 12‑foot ceilings in the living and kitchen areas
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