Quadplex with Remodeled
For Sale
$540,000
37 Water Street, Asheville, NC 28801
Commercial Sale, Asheville, NC
Property SizeContact for details
Lot Size0.10 Acres
Days on Market70
Property Features for 37 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RS8
Zoning description
RS8
Rooms
Basement
Parking
3
Patio and Porch features
Porch
Basement
Dirt Floor
Appliances
Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
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
Additional Details
Tenant in Place
Yes
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
laundry area
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood
Building materials
Wood
Buildings
1
Listing Agency:
Keller Williams Professionals · Keller Williams Realty
(828) 254-7253
Listed By:
Peter Lorenz · License #281872
(828) 777-1412
Added: Aug 25
Changed: Oct 30
Last Checked: Nov 2 at 3:06PM
MLS# 4417990
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.
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Investment Insights
Based on property information with market context.
This 1925 quadplex contains four approximately 500-square-foot apartments, each configured with one bedroom and one bathroom. One unit has been fully remodeled and is vacant, while the other three are rented. Shared interior stairs serve the building, and tenants have access to a common basement and laundry area.
The property occupies 0.103 acres at 37 Water Street in Asheville, within the 28801 postal area and close to downtown, the River Arts District, shopping, dining, and other Asheville amenities. RS8 zoning, public sewer, cable availability, baseboard heating, window-unit cooling, and a porch are documented. Interior finishes include vinyl and wood flooring, with gas appliances and a gas water heater.
The property occupies 0.103 acres at 37 Water Street in Asheville, within the 28801 postal area and close to downtown, the River Arts District, shopping, dining, and other Asheville amenities. RS8 zoning, public sewer, cable availability, baseboard heating, window-unit cooling, and a porch are documented. Interior finishes include vinyl and wood flooring, with gas appliances and a gas water heater.
Key Highlights
- Four approximately 500‑square‑foot, one‑bedroom/one‑bath apartments
- One fully remodeled unit is vacant; three units are currently rented
- Common basement and laundry area available to tenants
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are rented, while a renovated one-bedroom unit is vacant for occupancy or leasing.
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 $540,000.
What are key features of this property?
This property features: Four approximately 500‑square‑foot, one‑bedroom/one‑bath apartments; One fully remodeled unit is vacant; three units are currently rented; Common basement and laundry area available to tenants
