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    Buncombe County, NC Multifamily Properties for Sale

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    Duplex with Covered Parking
    Updated: May 29
    Duplex with Covered Parking

    26 Elkmont Drive, Asheville, NC 28804

    $550,000
    2,369 sqft 0.41 AC lot
    Year built: 1964 mid‑century home in North Asheville
    Walkable to Beaver Lake, including shaded trails and a bird sanctuary nearby
    Each level has its own entry and separate privacy, supporting multigenerational living or tenants
    Versatile layout: can be used as a duplex (rent lower unit or both levels) or converted back to a single‑family home
    Wide picture window plus shaded entry and covered parking
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    This listing looks promising.

    Here's a quick look at some key insights for

    26 Elkmont Drive, Asheville, NC 28804

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $380K
      Suggested

    • Property Type

      Single Family Residential
      Built 1964
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    Flexible Multi-Unit Residence
    Updated: Jul 20
    Flexible Multi-Unit Residence

    18 Baker Place, Arden, NC 28704

    $985,000
    1.16 AC lot
    Built in 2024 with approx. 3,550 SF across multiple living spaces including a lower‑level apartment and a detached ADU.
    R2 zoning with no additional restrictions and no HOA (STR potential noted in remarks).
    Three kitchens and three laundry areas across the main home, basement apartment, and detached ADU.
    Main level features vaulted ceilings and 10' bifold doors opening to a covered back deck.
    Lower‑level apartment has a private exterior entrance with kitchenette, living area, bedroom, bath, and laundry.
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    Tenant-Occupied Multifamily Portfolio
    Tenant-Occupied Multifamily Portfolio

    214 Short Michigan Avenue, Asheville, NC 28806

    $975,000
    0.42 AC lot

    For sale under RM16 zoning, featuring tenant-occupied rental properties with immediate income and portfolio purchase flexibility.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    9-13 Broadway St., Asheville, NC 28801

    $3,500,000
    6,276 sqft

    Fully leased historic property built in 1920, updated in 2024, with three ground-floor retail spaces and two apartments.

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    Renovated Brick Home with ADU
    Renovated Brick Home with ADU

    14 Penelope Street, Black Mountain, NC 28711

    $665,000
    0.47 AC lot

    Fully renovated brick residence plus separate 2-bed ADU offers flexible living and rental income near downtown.

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    Triplex with Covered Parking
    Triplex with Covered Parking

    260 Bull Creek Road, Asheville, NC 28805

    $1,250,000
    1.61 AC lot

    Three income-producing cottages set in a creek valley with month-to-month leases and dedicated covered parking/storage access.

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    Two-Unit Condo Duplex
    Two-Unit Condo Duplex

    127 Riverview Drive, Asheville, NC 28806

    $599,900
    0.03 AC lot

    Two condo units sold together, including upstairs 2BR and downstairs 1BR efficiency, with new HVAC system.

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    Multifamily Asset in South Asheville
    Multifamily Asset in South Asheville

    2147 Brevard Rd, Arden, NC 28704

    $2,650,000
    12,372 sqft

    10-unit multifamily asset with value-add potential in high-growth area.

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    2024-Built Duplex Residence
    2024-Built Duplex Residence

    30 and 32 View Street, Asheville, NC 28804

    $525,000
    0.25 AC lot

    Newer duplex with two 2-bedroom units, covered porches, and separate utility metering for owner-occupant or investor use.

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    Tenant-Occupied Residential Income Duplex
    Tenant-Occupied Residential Income Duplex

    144 Hanover Street, Asheville, NC 28806

    $675,000
    0.25 AC lot

    Tenant-occupied duplex property for sale in Asheville under RM8 zoning.

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    Swannanoa Multi-Use Investment Opportunity
    Swannanoa Multi-Use Investment Opportunity

    626 Old Lytle Cove Road, Swannanoa, NC 28778

    $745,000
    2,586 sqft

    Multi-use property with high visibility and prime location.

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    Turnkey Duplex with Two Separate Units
    Turnkey Duplex with Two Separate Units

    128 Rock Hill Road, Asheville, NC 28803

    $699,000
    0.22 AC lot

    Like-new two-unit duplex built two years ago, offering flexible bedroom configurations and separate utilities for long-term rental use.

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    Duplex with Attached ADU
    Duplex with Attached ADU

    116 Arnold Road, Asheville, NC 28805

    $575,000
    0.15 AC lot

    Modern 2022 duplex-style home with an attached ADU, granite finishes, stainless appliances, and a private rear deck.

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    Mobile Home Park with Expansion Pads
    Mobile Home Park with Expansion Pads

    2 Jasmine Park Place, Candler, NC 28715

    $595,000
    2.70 AC lot

    Mobile home park on a 2.7-acre lot with vacant space for at least four additional pads.

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    Asheville Duplex: Turnkey Investment
    Asheville Duplex: Turnkey Investment

    71 and 73 Panorama Drive, Asheville, NC 28806

    $695,000
    0.36 AC lot

    Well-maintained 2019 duplex near downtown Asheville. Fully furnished.

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    Duplex with Studio Apartment
    Duplex with Studio Apartment

    5 Fieldtop Lane, Arden, NC 28704

    $555,000
    0.27 AC lot

    Arts-and-crafts style main home plus a studio apartment above a detached garage offers flexible residential income options.

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    Experiential Asheville Hospitality Portfolio
    Experiential Asheville Hospitality Portfolio

    75 Treehouse Hvn, Asheville, NC 28804

    $17,500,000
    4.65 AC lot

    Unique 20-unit short-term rental portfolio near downtown Asheville.

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    Asheville Multifamily Investment Opportunity
    Asheville Multifamily Investment Opportunity

    135 Sardis Drive, Asheville, NC 28806

    $600,000
    2.06 AC lot

    High-yield investment property with multiple income streams and upside potential.

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    Mixed-Use Asset on Pack Square
    Mixed-Use Asset on Pack Square

    122 College Street, Asheville, NC 28801

    $4,400,000
    11,886 sqft

    Turnkey mixed-use property with commercial income in place.

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    Residential Income Property with Two Homes
    Residential Income Property with Two Homes

    4 and 6 Mountain View Road, Asheville, NC 28806

    $369,000
    0.84 AC lot

    Two separate residences sit on a flat, buildable parcel with access from two roads in West Asheville.

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    Mobile Home Park Investment Opportunity
    Mobile Home Park Investment Opportunity

    3 Ruby Rose Lane, Candler, NC 28715

    $395,000
    2.00 AC lot

    2+ acre mobile home park with income potential.

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    Renovated Cottage Duplex Property
    Renovated Cottage Duplex Property

    15 and 16 Cottage Drive, Asheville, NC 28805

    $449,000
    0.19 AC lot

    Two renovated studio cottages offered turn-key for short-term stays, with in-unit laundry and private back decks.

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    Comfortable Condo in Desirable Community
    Comfortable Condo in Desirable Community

    806 Abbey Circle, Asheville, NC 28805

    $235,000
    0.03 AC lot

    Two-bedroom condo with modern amenities and convenient location.

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    Charming Duplex in Weaverville, NC
    Charming Duplex in Weaverville, NC

    280 Flat Creek Church Road, Weaverville, NC 28787

    $475,000
    0.98 AC lot

    Duplex with creek, pasture views, and private setting.

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    Buncombe County, NC Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Buncombe County, NC, showcased through 46 active listings on our real estate platform. These investment opportunities span a total of 36,468 square feet of properties for sale, with an estimated market value of $12,469,000.

    Sale prices for multifamily properties in Buncombe County, NC start at $550,000, averaging $2,078,166, and reaching up to $4,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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