40 Mulberry Street, Asheville NC
- 2 Bed
- 1 Bath
- 879 ft2
- 0.2 ac
For Sale $329,000
Remarks:
Asheville's most desirable and rapidly growing areas. Whether you're looking to expand your real estate portfolio, purchase your first investment, or secure a home with long-term appreciation potential, this property offers an outstanding opportunity. Ideally located just minutes from downtown Asheville, River Arts District, breweries, restaurants, shopping, and major employers, this home combines convenience with strong rental appeal. The property has a proven history of generating income and offers excellent potential for continued cash flow or future value appreciation. The functional floor plan, low-maintenance lot, and prime location make this an attractive option for both long-term tenants and owner-occupants seeking an affordable Asheville home. Investors will appreciate the opportunity to capitalize on Asheville's continued demand for quality housing in a sought-after neighborhood. Whether you're searching for a rental property, investment home, cash-flow opportunity, or a property with room for future equity growth, 40 Mulberry Street checks all the boxes. Rare opportunities like this in Asheville don't last long.
General Information:
| List Price: | $329,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 879 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4405091 |
| Subdivision: | None |
| Bathrooms: | 1 |
| Year Built: | 1955 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Woodfin/Eblen |
| Middle: | Clyde A Erwin |
| High: | Clyde A Erwin |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-22-2026 | Listed | $329,000 | $375 |
| 11-24-2025 | Price Decrease | $283,900-1.05% | $323 |
| 11-10-2025 | Price Decrease | $286,900-1.17% | $327 |
| 10-28-2025 | Price Decrease | $290,300-0.07% | $331 |
| 10-16-2025 | Listed | $290,500 | $331 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Ira B Jones Elementary | 2 miles | PK-05 | 8 |
| Claxton Elementary | 2 miles | KG-05 | 6 |
| Isaac Dickson Elementary | 2 miles | PK-05 | 9 |
| Hall Fletcher Elementary | 4 miles | PK-05 | 2 |
| Vance Elementary | 4 miles | KG-05 | 9 |
| Francine Delany New School for Children | 4 miles | KG-06 | 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 |
| 40 Mulberry Street, Asheville NC | 0 mi | $329,000 | days | |
| 47 Mulberry Street, Asheville NC | 0 mi | $349,000 | days | |
| 30 and 32 View Street, Asheville NC | 0.1 mi | $525,000 | days | |
| 31 Elkwood Avenue, Asheville NC | 0.1 mi | $489,000 | days | |
| 5 Locust Street, Asheville NC | 0.2 mi | $499,000 | days | |
| 3 Locust Street, Asheville NC | 0.2 mi | $539,900 | 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 28804
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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 Ivester Jackson Blackstream
40 Mulberry Street, Asheville NC is a 879 ft2 on a 0.170 acres Appraisal lot. This is for $329,000. This has 2 bedrooms, 1 baths, and was built in 1955.
Based on information submitted to the MLS GRID as of 2026-07-22 20:09:00 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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