For Sale $975,000
Successful short-term rental property in downtown Black Mountain! The original home has been converted into five distinct units, each with its own private entrance & dedicated parking. This property has the charm and character of a historic home, with many modern updates. Every space you enter is comfortable & inviting, with good natural light. Guests enjoy relaxing in the rocking chairs on the front porch & strolling into downtown Black Mountain to dine and shop at all the local establishments. With great reviews, plenty of repeat guests, and many longer bookings, this property is an investor's dream. Offered fully furnished, with a dedicated housekeeping staff that would love the opportunity to stay on board. This is truly a turnkey opportunity for someone interested in taking over an established business in a popular area. Owners report 77% occupancy YTD, through April 2026. Three units on the ground floor, and two units upstairs accessed by a common stairwell. Two laundry locations on site. All units are metered separately for electricity & gas, offering flexibility if a buyer wanted to convert to long-term rentals in the future. See floor plan sketch for a detailed drawing of the building's layout. Financial information available upon request. This is an active vacation rental property, and showing requests will be accommodated based on occupancy. Virtual tour available here: https://my.matterport.com/show/?m=E9cHPnV4x2X&mls=1
| List Price: | $975,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Fiveplex |
| Parking: | Assigned, Parking Space(s) |
| MLS Number: | CAR4377818 |
| Lot Description: | Corner Lot, Wooded, Views |
| Year Built: | 1909 |
| Sewer Type: | Public Sewer |
| Elementary: | Black Mountain |
| Middle: | Charles D Owen |
| High: | Charles D Owen |
| Date | Event | Price | $/SQFT |
| 05-22-2026 | Listed | $975,000 | N/A |
| 01-02-2026 | Price Decrease | $775,000-0.64% | N/A |
| 11-29-2025 | Price Decrease | $780,000-0.32% | N/A |
| 11-23-2025 | Price Decrease | $782,500-0.32% | N/A |
| 10-30-2025 | Price Decrease | $785,000-6.99% | N/A |
| 07-03-2025 | Listed | $844,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| ArtSpace Charter School | 6 miles | KG-06 | 8 |
| Fairview Elementary | 8 miles | KG-05 | 7 |
| Charles C Bell Elementary | 10 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.
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 |
| 33 Vance Avenue, Black Mountain NC | 0 mi | $975,000 | days | |
| 46 Vance Avenue, Black Mountain NC | 0.1 mi | $475,000 | days | |
| 56 Vance Avenue, Black Mountain NC | 0.1 mi | $400,000 | days | |
| 39 Terry Estates Drive, Black Mountain NC | 0.1 mi | $450,000 | days | |
| 204 Sutton Avenue, Black Mountain NC | 0.1 mi | $1,299,000 | days | |
| 85 Vance Avenue, Black Mountain NC | 0.1 mi | $349,000 | days |
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 |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
|
Occupancy Types |
|
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.
A Courtesy Listing Provided By Heartwood Realty LLC
33 Vance Avenue, Black Mountain NC is a ft2 on a 0.270 acres lot. This is for $975,000. This has 5 bedrooms, baths, and was built in 1909.
Based on information submitted to the MLS GRID as of 2026-05-22 09:31:47 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.
Click here for more information
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.