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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

Residential Income, Asheville, NC

Property SizeContact for details
Lot Size1.13 Acres
Days on Market66

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 5, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 4, Bathroom 6, Laundry Room, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 1
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: Sep 24 Last Checked: Sep 27 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.

Investment Insights

Based on property information with market context.

This furnished short-term rental portfolio includes four independent accommodations arranged across a duplex and two separate cottages on 1.125 acres. The duplex was constructed in 1973, and the property includes central air, wood construction, driveway parking, decks, a hot tub, fireplaces, and in-unit laundry and kitchen appliances.

The property is located in Asheville, minutes from downtown and near the River Arts District, Biltmore Estate, Blue Ridge Parkway, breweries, restaurants, and outdoor recreation. Its four separate residences support distinct guest accommodations, while the layout also allows for owner occupancy, personal use, or a combination of personal and rental use. The property spans two parcels and is currently operating as a short-term rental portfolio.

Key Highlights

  • Four independent accommodations across a duplex and two cottages
  • 1.125‑acre property spanning two parcels
  • Fully furnished short‑term rental portfolio

Property Analytics

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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
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
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Fully furnished accommodations across a duplex and two cottages with flexible rental and owner-occupancy options.
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‑acre property spanning two parcels; Fully furnished short‑term rental portfolio
More about this property
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