Two-Residence Multifamily
For Sale
$799,999
416 S Cherokee Avenue, Black Mountain, NC 28711
Residential Income, Black Mountain, NC
Property SizeContact for details
Lot Size0.45 Acres
Days on Market284
Property Features for 416 S Cherokee Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
UR-8
Zoning description
UR-8
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck, Porch
Pets allowed
Yes
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
Subdivision
Methodist Colony
View
Golf Course
Elementary school
Black Mountain
Middle school
Charles D Owen
High school
Charles D Owen
Directions
Google Maps takes you right to it
Standard status
Active
APN
0619-07-2531-00000
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
DEED DATE:10/14/2019 DEED:5821-1337 LOT:9 SECTION:1 PLAT:0209-0087
Legal Description
DEED DATE:10/14/2019 DEED:5821-1337 LOT:9 SECTION:1 PLAT:0209-0087
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Heat Pump
Building Details
Year built
1965
Number of units
2
Flooring type
Wood
Building materials
Brick Partial, Hardboard Siding
Roof type
Shingle
Listing Agency:
Mosaic Community Lifestyle Realty
(828) 707-9556
Listed By:
Casey Conner · License #302100
(828) 777-0583
Added: Dec 30, 2025
Changed: Oct 5
Last Checked: Oct 10 at 12:06AM
MLS# 4331920
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 multifamily property includes two residences on a 0.45-acre parcel. The primary home provides 1,394 square feet, while the separate one-bedroom cottage adds 807 square feet and has been used as a short-term rental. The layout supports multigenerational occupancy, an owner residence with additional rental space, or continued use of both homes as income-producing accommodations.
Built in 1965, the property features partial brick and hardboard siding, wood flooring, porches, a deck, and a fireplace. Heating and cooling are provided by electric heat-pump systems, and the property has public sewer service, cable availability, and driveway parking. Located at 416 S Cherokee Avenue in Black Mountain, the property sits across from Black Mountain Golf Course and near Lake Tomahawk, which offers tennis courts, a playground, and a community pool. Zoning is UR-8.
Built in 1965, the property features partial brick and hardboard siding, wood flooring, porches, a deck, and a fireplace. Heating and cooling are provided by electric heat-pump systems, and the property has public sewer service, cable availability, and driveway parking. Located at 416 S Cherokee Avenue in Black Mountain, the property sits across from Black Mountain Golf Course and near Lake Tomahawk, which offers tennis courts, a playground, and a community pool. Zoning is UR-8.
Key Highlights
- Two residences on a 0.45‑acre parcel
- Primary home measures 1,394 square feet
- Separate 807‑square‑foot one‑bedroom cottage
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 28711, NC
14,047
Population
7,563
Households
1.9
Avg Household Size
49
Median Age
54%
College-Educated
92%
High-School Grad
103.9 sq mi
ZIP Area
135
Density / Sq Mi
$69,177
Median Household Income
$38,677
Median Earnings
$1,319
Median Rent
$358,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Multifamily property - Two separate residences support multigenerational use and rental flexibility.
Where is this multifamily property located?
The property is located at 416 S Cherokee Avenue Black Mountain, NC.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two residences on a 0.45‑acre parcel; Primary home measures 1,394 square feet; Separate 807‑square‑foot one‑bedroom cottage
