1 & 3 Freeport Lane, Asheville NC
- 4 Bed
- 0.2 ac
For Sale $490,000
Remarks:
Incredible Investment Property Opportunity in West Asheville. And you can be part of helping Asheville's Affordable Housing Crisis... A Pair of Two Brand New Single Family Residences on One Lot. Never Lived in. Each Home is a 2 BR/ 1.5BA and around 768sf. Great Opportunity which could rent as market rate houses or to Housing Choice Voucher Holders. According to HUD 2025 standards, a 2BR Home Rented to a family using a Housing Choice Voucher could rent for $1347 per month. That would mean annual rental income of $32,328. After factoring in Taxes/ Insurance, that's a cap rate of around 6%. Affordable West Asheville Brand New Construction Pair of Homes close to Carrier Park, Haywood Road, River Arts District and Downtown. Modern and Adorable 2BR / 1.5BA. Bamboo floors throughout main levels, Tall Ceilings in bedrooms, and Open Wood Beams in Living Room. Great blend of modern fixtures with warm feelings throughout- Wood floors, Luxury Vinyl Plank bathrooms, Tall ceilings in bedrooms. Come take a look! Part of a new pocket neighborhood built by Compact Cottages. One Year New Home Construction Warranty and Longer warranties on many home components.
Interior Features:
Open Floorplan, Pantry
General Information:
| List Price: | $490,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Duplex |
| Parking: | Driveway |
| MLS Number: | CAR4318398 |
| Subdivision: | None |
| Style: | Cottage, Modern |
| Lot Description: | Paved |
| Year Built: | 2025 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Asheville City |
| Middle: | Asheville |
| High: | Asheville |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-18-2025 | Price Decrease | $490,000-1.90% | N/A |
| 11-19-2025 | Listed | $499,500 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Hall Fletcher Elementary | 0 miles | PK-05 | 2 |
| Francine Delany New School for Children | 1 miles | KG-06 | 9 |
| Vance Elementary | 1 miles | KG-05 | 9 |
| Isaac Dickson Elementary | 2 miles | PK-05 | 9 |
| Claxton Elementary | 3 miles | KG-05 | 6 |
| Invest Collegiate (Buncombe) | 3 miles | KG-06 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1 Freeport Lane, Asheville NC | 0 mi | $245,000 | days | |
| 1 & 3 Freeport Lane, Asheville NC | 0 mi | $490,000 | days | |
| 279 State Street, Asheville NC | 0.1 mi | $285,000 | days | |
| 123 Arline Henry Way, Asheville NC | 0.1 mi | $685,000 | days | |
| 302 State Street, Asheville NC | 0.1 mi | $474,900 | days | |
| 92 Stewart Street, Asheville NC | 0.1 mi | $300,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28806
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Dirt & Sticks, Inc.
1 & 3 Freeport Lane, Asheville NC is a ft2 on a 0.210 acres Paved Frontage lot. This is for $490,000. This has 4 bedrooms, baths, and was built in 2025.
Based on information submitted to the MLS GRID as of 2025-11-19 11:46:08 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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