CBI-Zoned Quadplex Near
For Sale
$899,000
181 Merrimon Avenue, Asheville, NC 28801
Commercial Sale, Asheville, NC
Property SizeContact for details
Lot Size0.41 Acres
Days on Market655
Property Features for 181 Merrimon Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBI
Zoning description
CBI
Rooms
Basement
Parking features
Driveway
Basement
Apartment
Appliances
Dishwasher, Electric Range, Refrigerator
View
City
Directions
From downtown Asheville take Merrimon north to 181 on R across from 5 Guys.
Standard status
Active
APN
9649-44-2126-00000
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
DEED DATE:08/19/2016 DEED:5459-0517 PLAT:0000-0000
Legal Description
DEED DATE:08/19/2016 DEED:5459-0517 PLAT:0000-0000
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1907
Floors in Building
2
Number of units
4
Building materials
Cedar Shake
Roof type
Shingle
Listing Agency:
Appalachian Realty Associates
(828) 255-7530
Listed By:
Gray Tolson · License #258341
(828) 279-4058
Added: Nov 8, 2024
Changed: Aug 25
Last Checked: Aug 25 at 7:06PM
MLS# 4198938
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 1907 quadplex contains four apartments with varied layouts: two studio units, a larger one-bedroom apartment with a private balcony, and a two-bedroom, two-bath apartment with a private patio and bonus room. Each unit has its own electric meter, while heating is supplied through a shared natural gas boiler. The property also includes a basement, cedar shake construction, a shingle roof, driveway parking, and public sewer service.
Set on 0.41 acres with street exposure, the property is within walking distance of downtown Asheville, Trader Joe’s, Harris Teeter, and several restaurants. CBI zoning and the existing four-unit configuration provide the core physical and land-use facts for evaluating this property as a residential income asset.
Set on 0.41 acres with street exposure, the property is within walking distance of downtown Asheville, Trader Joe’s, Harris Teeter, and several restaurants. CBI zoning and the existing four-unit configuration provide the core physical and land-use facts for evaluating this property as a residential income asset.
Key Highlights
- Four‑unit property with two studios, one one‑bedroom apartment, and one two‑bedroom/two‑bath apartment
- 0.41‑acre lot with street exposure and driveway parking
- CBI zoning
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 28801, NC
15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
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?
Quadplex - Multiple layouts include studios, one-bedroom, and two-bedroom apartments with private outdoor areas.
Where is this quadplex located?
The property is located at 181 Merrimon Avenue Asheville, NC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑unit property with two studios, one one‑bedroom apartment, and one two‑bedroom/two‑bath apartment; 0.41‑acre lot with street exposure and driveway parking; CBI zoning
