41 Panola Street, Asheville NC
- 5 Bed
- 0.3 ac
For Sale $799,000
Remarks:
Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? (Listing agent will confirm agents' appointment requests and will accompany. 24-hour+ notice is a must.) Pre-approval or proof-of-funds needed, prior needed to confirm showings.
Exterior Features:
Fire Pit, Lawn Maintenance
Interior Features:
Entrance Foyer
General Information:
| List Price: | $799,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Fourplex |
| Parking: | Driveway, On Street, Parking Space(s), Shared Driveway |
| MLS Number: | CAR4406063 |
| Subdivision: | Montford |
| Style: | Colonial, Other |
| Lot Description: | Green Area, Level, Private, Wooded |
| Year Built: | 1903 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Asheville City |
| Middle: | Asheville |
| High: | Asheville |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-11-2026 | Listed | $799,000 | N/A |
| 01-11-2026 | Under Contract | $354,900 | N/A |
| 12-06-2025 | Price Decrease | $354,900-1.39% | N/A |
| 11-29-2025 | Listed | $359,900 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Claxton Elementary | 1 miles | KG-05 | 6 |
| Isaac Dickson Elementary | 1 miles | PK-05 | 9 |
| Ira B Jones Elementary | 2 miles | PK-05 | 8 |
| Hall Fletcher Elementary | 2 miles | PK-05 | 2 |
| Francine Delany New School for Children | 3 miles | KG-06 | 9 |
| Vance Elementary | 3 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 |
| 41 Panola Street, Asheville NC | 0 mi | $799,000 | days | |
| 7 Montford Park Place, Asheville NC | 0 mi | $695,000 | days | |
| 14 Watauga Street, Asheville NC | 0.2 mi | $1,150,000 | days | |
| 46 Cumberland Circle, Asheville NC | 0.2 mi | $2,100,000 | days | |
| 41 Cumberland Circle, Asheville NC | 0.2 mi | $1,795,000 | days | |
| 101 Santee Street, Asheville NC | 0.2 mi | $970,000 | 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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| H.O.A. / Maintenance |
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| Property Insurance |
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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 Town and Mountain Realty
41 Panola Street, Asheville NC is a ft2 on a 0.280 acres lot. This is for $799,000. This has 5 bedrooms, baths, and was built in 1903.
Based on information submitted to the MLS GRID as of 2026-09-11 13:30:02 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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