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Five-Unit Multifamily Property with Parking
For Sale
$985,000

891 Haywood Rd, Asheville, NC 28806

Five-unit multifamily building with covered porch, balcony, and ample on-site parking along the Haywood Road corridor.

Property SizeContact for details
Days on Market98

Property Features for 891 Haywood Rd

General Information

Standard status Active

Additional Details

Multifamily Units 5

Amenities

covered porch
balcony
ample on-site parking

Building Details

Tenancy Multi
Listing Agency: NAI Beverly-Hanks
Listed By: Karl Nelson · License #291784
Source: Exprealty
Added: May 19 Changed: Aug 23 Last Checked: Aug 23 at 6:02AM

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 NAI Beverly-Hanks

Investment Insights

Based on property information with market context.

This five-unit multifamily property offers well-established residential income along with classic exterior character, including a covered porch and a balcony. The building also provides ample on-site parking, an important practical benefit for residents in an urban corridor setting. The property is described as having existing income, with potential to add a sixth unit.

The asset is positioned in the heart of West Asheville’s Haywood Road corridor, placing residents steps from the area’s restaurants, bars, breweries, galleries, retail, and everyday conveniences.

As a compact, income-producing building, it presents a straightforward multifamily configuration for buyers seeking a small property with an on-site parking advantage and value-add potential noted by the seller.

Key Highlights

  • 5‑unit multifamily building built in 1928
  • Located along the Haywood Road corridor in West Asheville
  • Covered porch and a balcony for residents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby

Demographics for 28806, NC

44,621
Population
21,185
Households
2.1
Avg Household Size
37
Median Age
45%
College-Educated
91%
High-School Grad
38.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$59,925
Median Household Income
$37,743
Median Earnings
$1,224
Median Rent
$335,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily building with covered porch, balcony, and ample on-site parking along the Haywood Road corridor.
Where is this apartment building located?
The property is located at 891 Haywood Rd Asheville, NC.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 5‑unit multifamily building built in 1928; Located along the Haywood Road corridor in West Asheville; Covered porch and a balcony for residents
More about this property
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