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4-Unit Short-Term Rental Property

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

For Sale
$1,529,000

Residential Income, Asheville, NC

Property SizeContact for details
Lot Size1.13 Acres
Days on Market114

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 Bathroom 6, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Laundry Room, Bedroom 5, Bathroom 1, Bedroom 2, Dining Room, Bathroom 2, Bedroom 6, Bathroom 4
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

Additional Details

Currently Operating Yes

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
Buildings 3
Listing Agency: EXP Realty LLC
Listed By: Tyler Coon · License NC #313885
Added: Jul 24 Changed: Nov 12 Last Checked: Nov 14 at 12:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

Four separate accommodations are arranged across a duplex and two standalone cottages on two parcels totaling 1.125 acres. The furnished property is operating as a short-term rental portfolio. Features include central air, decks, a hot tub, and driveway parking; the property is served by a well.

The Asheville property offers access to downtown, the River Arts District, the Biltmore Estate, and the Blue Ridge Parkway. Restaurants, breweries, and outdoor recreation are also identified among nearby destinations.

Key Highlights

  • Four independent accommodations: a duplex and two cottages
  • Two parcels totaling 1.125 acres
  • Furnished and operating as a short‑term rental portfolio

Property Analytics

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

Average Price Trend$/SF for Short term rental properties in Buncombe County, NC

$427 Jul
$462 Aug
$448 Sep
$424 Oct

Properties on Market for Short term rental properties in Buncombe County

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?
Short term rental property - Four furnished accommodations operate as a short-term rental portfolio near downtown Asheville.
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 $1,529,000.
What are key features of this property?
This property features: Four independent accommodations: a duplex and two cottages; Two parcels totaling 1.125 acres; Furnished and operating as a short‑term rental portfolio
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