37 Water Street, Asheville NC
- 4 Bed
- 0.1 ac
For Sale $540,000
Remarks:
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
General Information:
| List Price: | $540,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Fourplex |
| Parking: | Parking Space(s) |
| MLS Number: | CAR4416437 |
| Subdivision: | none |
| Year Built: | 1925 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-14-2026 | Price Decrease | $540,000-5.26% | N/A |
| 08-25-2026 | Listed | $570,000 | N/A |
| 11-15-2025 | Listed | $303,990 | 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 | 1 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 1 miles | PK-05 | 9 |
| Francine Delany New School for Children | 2 miles | KG-06 | 9 |
| Claxton Elementary | 2 miles | KG-05 | 6 |
| Vance Elementary | 2 miles | KG-05 | 9 |
| Oakley Elementary | 3 miles | KG-05 | 4 |
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 |
| 37 Water Street, Asheville NC | 0 mi | $540,000 | days | |
| 1 Camby Street, Asheville NC | 0 mi | $370,000 | days | |
| 124 Oakland Road, Asheville NC | 0.1 mi | $244,000 | days | |
| 115 Oakland Road, Asheville NC | 0.1 mi | $525,000 | days | |
| 43 Walton Street, Asheville NC | 0.1 mi | $739,000 | days | |
| 55 Walton Street, Asheville NC | 0.2 mi | $485,000 | 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 28801
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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 Keller Williams Professionals
37 Water Street, Asheville NC is a ft2 on a 0.103 acres Appraisal lot. This is for $540,000. This has 4 bedrooms, baths, and was built in 1925.
Based on information submitted to the MLS GRID as of 2026-08-25 12:30:34 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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