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Short-Term Rental Condo with Lower Level
New
For Sale
$895,000

33 Carolina Ln, Asheville, NC 28801

A two-level residence pairs an upper living area with a lower floor accessed separately from Chicken Alley.

Property Size2,500 SF
Days on Market4

Property Features for 33 Carolina Ln

General Information

Standard status Active
Size 2,500 SF
Property subtype Hotel/Motel
Zoning CBD

Units

Unit Mix 1 x 1BR/1BA
Multifamily Units 1

Building Details

Building Size 2,500 SF
Year Built 1922
Listing Agency: Dewey Property Advisors
Listed By: Jay Lurie · License #NC #192865
Source: Deweypa
Added: Oct 30 Last Checked: Nov 1 at 4:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dewey Property Advisors

Rey
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Investment Insights

Based on property information with market context.

This Asheville condo contains more than 2,500 square feet across two levels. The upper floor has approximately 1,300 square feet, with one bedroom, one bathroom, high ceilings, exposed ductwork, and wood floors. A separately accessed lower level adds approximately 1,300 square feet and has an entrance from Chicken Alley.

The property dates to 1922 and is one block from Pack Square. It is operating as an Airbnb under grandfathered vacation rental use, and the property is zoned CBD.

Key Highlights

  • More than 2,500 square feet across two levels
  • Upper floor offers approximately 1,300 square feet with one bedroom and one bathroom
  • Approximately 1,300‑square‑foot lower level has separate access from Chicken Alley

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

5,310
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?
Short term rental property - A two-level residence pairs an upper living area with a lower floor accessed separately from Chicken Alley.
Where is this short term rental property located?
The property is located at 33 Carolina Ln Asheville, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: More than 2,500 square feet across two levels; Upper floor offers approximately 1,300 square feet with one bedroom and one bathroom; Approximately 1,300‑square‑foot lower level has separate access from Chicken Alley
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