27,29 & 31 A/B Brown Road, Asheville NC
- 6 Bed
- 1.1 ac
For Sale $1,600,000
Remarks:
Positioned just minutes from downtown Asheville, this rare four-unit portfolio offers exceptional flexibility for investors seeking an established short-term rental opportunity in one of Western North Carolina's strongest tourism markets. Comprised of a duplex constructed in 1973 and two independent cottages constructed in the mid-1990s, the property provides four separate accommodations and multiple income streams while allowing for flexible rental strategies, owner occupancy, or a combination of personal use and investment. Guests enjoy convenient access to downtown Asheville, the River Arts District, the Biltmore Estate, the Blue Ridge Parkway, breweries, restaurants, and the area's renowned outdoor recreation, supporting consistent year-round demand. Each residence offers private accommodations designed to creating a diverse guest experience that broadens booking potential. Offered fully furnished and operating as a successful short-term rental portfolio, the property allows for a seamless transition to its next owner while presenting opportunities to further enhance the guest experience over time. With four independent accommodations across two parcels, this is a rare opportunity to acquire a scalable Asheville investment offering flexibility, diversification, and long-term appeal in one of Western North Carolina's most established vacation rental markets.
Exterior Features:
Hot Tub
General Information:
| List Price: | $1,600,000 |
| Status: | For Sale |
| Bedrooms: | 6 |
| Type: | Portfolio |
| Parking: | Driveway, Shared Driveway |
| MLS Number: | CAR4406408 |
| Year Built: | 1973 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 08-13-2026 | Listed | $1,600,000 | N/A |
| 01-06-2026 | Price Decrease | $845,000-0.59% | N/A |
| 11-02-2025 | Listed | $850,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Invest Collegiate (Buncombe) | 1 miles | KG-06 | 8 |
| Francine Delany New School for Children | 3 miles | KG-06 | 9 |
| Vance Elementary | 3 miles | KG-05 | 9 |
| Hall Fletcher Elementary | 4 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 6 miles | PK-05 | 9 |
| William W Estes Elementary | 6 miles | KG-05 | 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 |
| 27,29 & 31 A/B Brown Road, Asheville NC | 0 mi | $1,600,000 | days | |
| 8 Linda Vista Drive, Asheville NC | 0.3 mi | $349,000 | days | |
| 135 Sardis Drive, Asheville NC | 0.4 mi | $600,000 | days | |
| 9 Lorena Drive, Asheville NC | 0.6 mi | $400,000 | days | |
| 876 Pointe Drive, Asheville NC | 0.7 mi | $339,000 | days | |
| 33 Coffey Circle, Asheville NC | 0.7 mi | $615,000 | 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)
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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 EXP Realty LLC
27,29 & 31 A/B Brown Road, Asheville NC is a ft2 on a 1.125 acres Appraisal lot. This is for $1,600,000. This has 6 bedrooms, baths, and was built in 1973.
Based on information submitted to the MLS GRID as of 2026-08-13 17:51:29 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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