135 & 145 Melrose Avenue, Tryon NC
- 8 Bed
- 8 Bath
- 2036 ft2
- 0.5 ac
For Sale $1,000,000
Remarks:
*RARE INCOME PRODUCING HISTORICAL HOME IN TRYON!* Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income with room to grow. Step into a world of timeless appeal: the main residence boasts a wraparound porch, hardwood floors, & soaring ceilings, thoughtfully divided into 4 spacious units. The adjacent cottage adds 2 more, each w/ private entrances & modern upgrades. Set on a lush 0.52-acre lot w/ manicured gardens, this compound radiates curb appeal & versatility. Centrally located between Asheville, Charlotte, Greenville & Spartanburg - less than 1 hour to AVL & GSP & >2 hours to CLT airports.
General Information:
| List Price: | $1,000,000 |
| Status: | For Sale |
| Bedrooms: | 8 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2036 sqft |
| Parking: | On Street |
| MLS Number: | CAR4233654 |
| Subdivision: | Other |
| Bathrooms: | 8 |
| Lot Description: | Cleared |
| Year Built: | 1910 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Polk Central |
| Middle: | Polk |
| High: | Polk |
Lane Yates
704-232-7238
Broker In Charge
Nearby Schools
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| School Name | Distance | Grades | Rating |
| No schools found | |||
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 |
| 135 & 145 Melrose Avenue, Tryon NC | 0 mi | $1,000,000 | days | |
| 77 Chestnut Street, Tryon NC | 0.2 mi | $445,000 | days | |
| 80 Laurel Avenue, Tryon NC | 0.2 mi | $450,000 | days | |
| 26 Hunting Country Trails, Tryon NC | 0.2 mi | $325,000 | days | |
| 55 Lanier Street, Tryon NC | 0.3 mi | $550,000 | days | |
| 160 Howard Street, Tryon NC | 0.3 mi | $274,900 | 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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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28782
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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 RE/MAX Results
135 & 145 Melrose Avenue, Tryon NC is a 2036 ft2 on a 0.520 acres lot. This is for $1,000,000. This has 8 bedrooms, 8 baths, and was built in 1910.
Based on information submitted to the MLS GRID as of 2025-05-16 09:10:07 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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