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Four-Unit Short-Term Rental Portfolio
For Sale
$1,600,000

27 29 & 31 A/B Brown Road, Asheville, NC 28806

MULTI_FAMILY - Asheville, NC

Property SizeContact for details
Lot Size1.13 Acres
Days on Market32

Property Features for 27 29 & 31 A/B Brown Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R-3
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 6, Bathroom 1, Laundry Room, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 3
Parking features Driveway
Patio and Porch features Deck
Exterior features Hot Tub
Fireplace 1
Appliances Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Washer/Dryer
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Active
APN 962618530100000
Lot size 1.13 Acres

Taxes and HOA fees

Tax Description See deed
Legal Description See deed

Utilities

Cooling system Central Air
Water source Well

Building Details

Year built 1973
Number of units 4
Building materials Wood
Listing Agency: EXP Realty LLC
Listed By: Tyler Coon · License #313885
Added: Jul 24 Changed: Aug 14 Last Checked: Aug 24 at 12:06PM
MLS# 4406408

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 short-term rental property includes four independent accommodations arranged as a duplex built in 1973 and two separate cottages dating to the mid-1990s. The residences are fully furnished and include central air, kitchens with electric ranges, refrigerators and dishwashers, laundry appliances, decks, and driveway parking. A hot tub and fireplace add to the existing guest amenities, while the property is served by a private well.

The property encompasses 1.125 acres across two parcels at 27, 29 & 31 A/B Brown Road in Asheville. Its setting provides access to downtown Asheville, the River Arts District, the Biltmore Estate, the Blue Ridge Parkway, breweries, restaurants, and outdoor recreation. The four accommodations are currently operated as short-term rentals, with layouts that support separate guest stays, owner occupancy, or a combination of personal use and rental operations.

Key Highlights

  • Four independent accommodations across a duplex and two cottages
  • 1.125 acres across two parcels
  • Duplex constructed in 1973; two cottages constructed in the mid‑1990s

Property Analytics

Current Use

Short term rental ...

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

70
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished accommodations across two parcels with independent layouts and access to Asheville attractions.
Where is this short term rental property located?
The property is located at 27 29 & 31 A/B Brown Road Asheville, NC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Four independent accommodations across a duplex and two cottages; 1.125 acres across two parcels; Duplex constructed in 1973; two cottages constructed in the mid‑1990s
More about this property
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