2147 Brevard Road, Arden NC
- 2.9 ac
For Sale $2,800,000
Remarks:
This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.
General Information:
| List Price: | $2,800,000 |
| Status: | For Sale |
| Type: | Duplex |
| Parking: | Parking Lot |
| MLS Number: | CAR4345037 |
| Year Built: | 1998 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Avery's Creek/Koontz |
| Middle: | Valley Springs |
| High: | T.C. Roberson |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 03-20-2026 | Listed | $2,800,000 | N/A |
| 06-11-2025 | Under Contract | $359,000 | N/A |
| 05-09-2025 | Listed | $359,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Glenn C Marlow Elementary | 3 miles | KG-05 | 10 |
| William W Estes Elementary | 4 miles | KG-05 | 8 |
| Mills River Elementary | 5 miles | KG-05 | 9 |
| Fletcher Elementary | 5 miles | KG-05 | 9 |
| Invest Collegiate (Buncombe) | 6 miles | KG-06 | 8 |
| Clear Creek Elementary | 9 miles | KG-05 | 9 |
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 |
| 2147 Brevard Road, Arden NC | 0 mi | $2,800,000 | days | |
| 2 Shady Oak Lane, Arden NC | 0.2 mi | $385,000 | days | |
| 510 Cloud Top Way, Arden NC | 0.6 mi | $8,995,000 | days | |
| 222 Secluded Hills Lane, Arden NC | 0.6 mi | $5,750,000 | days | |
| 7 Round Robin Lane, Mills River NC | 0.8 mi | $899,000 | days | |
| 413 Big Hill Drive, Arden NC | 0.8 mi | $745,000 | 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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| 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 28704
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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 G/M Property Group
2147 Brevard Road, Arden NC is a ft2 on a 2.850 acres Appraisal lot. This is for $2,800,000. This has bedrooms, baths, and was built in 1998.
Based on information submitted to the MLS GRID as of 2026-03-20 09:11:37 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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