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Two-Home Multifamily Property
For Sale
$798,000

198 & 200 Courtland Place, Asheville, NC 28801

Residential Income, Asheville, NC

Property SizeContact for details
Lot Size0.23 Acres
Days on Market29

Property Features for 198 & 200 Courtland Place

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning RS8
Zoning description RS8
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Kitchen, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Laundry Room, Basement
Parking features Garage, Garage - Attached, Driveway
Window features Insulated Windows
Patio and Porch features Porch, Patio, Deck
Pets allowed Call
Interior features Attic Finished, Attic Other, Attic Stairs Fixed, Attic Walk In, Breakfast Bar, Storage
Fireplace 1
Basement Dirt Floor, Full, Exterior Entry, Storage Space, Interior Entry, Walk-Up Access, Walk-Out Access, Finished, Apartment
Accessibility Accessible Approach with Ramp
Appliances Dishwasher, Dryer, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer/Dryer
Subdivision Montford
Lot features Cul-De-Sac
Elementary school Isaac Dickson
Middle school Asheville
High school Asheville
Standard status Active
APN 9639-91-1648-00000
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description DEED DATE: 2023-04-10 DEED: 6309-1457 SUBDIV: COURTLAND PL BLOCK: B LOT: 104 & 105 SECTION: PLAT: 0011-0087
Legal Description DEED DATE: 2023-04-10 DEED: 6309-1457 SUBDIV: COURTLAND PL BLOCK: B LOT: 104 & 105 SECTION: PLAT: 0011-0087

Utilities

Sewer type Public Sewer
Heating system Kerosene, Forced Air, Electric (Heating), Baseboard, Natural Gas
Cooling system Ceiling Fan(s)

Building Details

Year built 1942
Floors in Building 3
Number of units 3
Flooring type Wood, Vinyl
Building materials Asbestos, Wood
Roof type Shingle
Additional Structures Storage, Other
Listing Agency: Howard Hanna Beverly-Hanks Freestone Properties
Listed By: Mike Blumenfeld
Added: Sep 21 Changed: Oct 19 Last Checked: Oct 19 at 5:06PM
MLS# 4427261

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.

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Investment Insights

Based on property information with market context.

Two residences occupy a 0.23-acre RS8-zoned parcel at 198 and 200 Courtland Place. The 200 Courtland home has two bedrooms, a finished attic with additional unfinished storage, and a basement apartment with a kitchenette. That apartment connects to the main home and also has its own entrance from a stone patio. The separate 198 Courtland residence has two bedrooms, newer windows, and a full-footprint garage with a dirt floor beneath the home.

The property is near Asheville’s Montford district and downtown. Built in 1942, the homes offer distinct living spaces on one parcel, with a separate entrance for the basement apartment and storage beneath the second residence.

Key Highlights

  • Two residences on a 0.23‑acre parcel
  • 200 Courtland includes a two‑bedroom home and a finished basement apartment with kitchenette
  • Basement apartment has interior access and a separate entrance from a stone patio

Property Analytics

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Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

721
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Multifamily property - RS8-zoned parcel includes two residences, one with a finished basement apartment and a separate exterior entrance.
Where is this multifamily property located?
The property is located at 198 & 200 Courtland Place Asheville, NC.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Two residences on a 0.23‑acre parcel; 200 Courtland includes a two‑bedroom home and a finished basement apartment with kitchenette; Basement apartment has interior access and a separate entrance from a stone patio
More about this property
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