Licensed 16-Unit Short-Term
For Sale
$5,500,000
42 Furman Ave, Asheville, NC 28801
Renovated three-story building includes a walkout basement, dedicated parking, and modern guest-oriented interiors.
Property Size8,395 SF
Price / SF$655.15
Days on Market117
Property Features for 42 Furman Ave
General Information
Standard status
Active
Size
8,395 SF
Units
Unit Mix
12 x 1BR, 4 x studio
Multifamily Units
16
Building Details
Buildings
1
Stories
3
Listing Agency:
EXP Realty LLC
(828) 620-2541
Listed By:
Tyler Coon · License #313885
(828) 620-2541
Source:
Exprealty
Added: May 8
Changed: Aug 30
Last Checked: Aug 31 at 6:53PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Located at 42 Furman Avenue in Asheville, this 16-unit short-term rental property occupies approximately 8, 395 square feet across three stories and a walkout basement. The building was renovated to the studs and reconfigured for short-term rental operations, with updated interiors and efficient layouts. Its unit mix includes twelve one-bedroom apartments and four studios.
The property has an active, compliant short-term rental license and dedicated parking. It is situated less than a mile from downtown Asheville attractions, including the River Arts District, dining, and cultural amenities. New short-term rental permits are no longer being issued, adding regulatory significance to the existing license.
The property has an active, compliant short-term rental license and dedicated parking. It is situated less than a mile from downtown Asheville attractions, including the River Arts District, dining, and cultural amenities. New short-term rental permits are no longer being issued, adding regulatory significance to the existing license.
Key Highlights
- 16‑unit short‑term rental property with twelve one‑bedroom units and four studios
- Approximately 8, 395 square feet across three stories and a walkout basement
- Renovated to the studs and redesigned for short‑term rental use
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,651
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated three-story building includes a walkout basement, dedicated parking, and modern guest-oriented interiors.
Where is this short term rental property located?
The property is located at 42 Furman Ave Asheville, NC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 16‑unit short‑term rental property with twelve one‑bedroom units and four studios; Approximately 8, 395 square feet across three stories and a walkout basement; Renovated to the studs and redesigned for short‑term rental use
