Quadplex with Remodeled
New
For Sale
$570,000
37 Water Street, Asheville, NC 28801
Residential Income, Asheville, NC
Property SizeContact for details
Lot Size0.10 Acres
Days on Market1
Property Features for 37 Water Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RS8
Zoning description
RS8
Bedrooms
4
Bathrooms
1
Full bathrooms
4
Rooms
Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Patio and Porch features
Porch
Pets allowed
Yes
Basement
Dirt Floor
Appliances
Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Directions
Directions from Central/Downtown Asheville: From Patton Avenue, turn south onto South French Broad Avenue. Continue approximately 1.1 miles. Turn left onto Livingston Street, then right onto Hibernia Street. Take the second turn onto Water Street and turn left. Continue to 37 Water Street; property will be on the left.
Standard status
Active
APN
9648-23-1399-00000
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
DEED DATE:03/30/2021 DEED:6043-0530 SUBDIV:PROP OF TEASLEY & GUDGER LOT:4 PLAT:0010-0034
Legal Description
DEED DATE:03/30/2021 DEED:6043-0530 SUBDIV:PROP OF TEASLEY & GUDGER LOT:4 PLAT:0010-0034
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Amenities
common basement/laundry area
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood
Building materials
Wood
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(828) 254-7253
Listed By:
Peter Lorenz · License #281872
(828) 777-1412
Added: Aug 25
Last Checked: Aug 25 at 9:06PM
MLS# 4416437
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 four-unit residential property at 37 Water Street includes four approximately 500-square-foot apartments, each configured with one bedroom and one bathroom. One apartment has been remodeled and is vacant, while the other three are rented. Shared interior stairs serve the building, and tenants have access to a common basement with laundry space. The structure dates to 1925 and includes wood construction, wood and vinyl flooring, baseboard heat, window-unit cooling, and a porch. Gas cooking appliances, refrigerators, microwaves, and a gas water heater are included. The property sits on 0.103 acres in Asheville’s 28801 postal area, near downtown, the River Arts District, shopping, dining, and other city amenities. Zoning is RS8, with public sewer service.
Key Highlights
- Four‑unit property with four approximately 500‑square‑foot apartments
- Four one‑bedroom, one‑bath apartment layouts
- One remodeled unit is vacant; three units are currently rented
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom, one-bath apartments include a vacant remodeled residence.
Where is this quadplex located?
The property is located at 37 Water Street Asheville, NC.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Four‑unit property with four approximately 500‑square‑foot apartments; Four one‑bedroom, one‑bath apartment layouts; One remodeled unit is vacant; three units are currently rented
