45 Indian River Road, Hendersonville NC
- 24 Bed
- 1.6 ac
For Sale $2,300,000
Remarks:
This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units—totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that sets this property apart from typical multifamily offerings. Each building has been thoughtfully cared for and updated as needed over the years, reflecting the owner’s commitment to maintaining the property at the highest standard. The complex is fully connected to city water and city sewer and enjoys an ideal location just minutes from downtown Hendersonville, major retail, restaurants, and medical facilities, making it highly attractive to long-term renters. With consistent occupancy, low turnover, and proven rental history, this property provides an outstanding opportunity for both seasoned investors and those seeking to expand their portfolio with a stable, income-producing asset in one of Western North Carolina’s most desirable markets. The setting offers a balance of privacy and accessibility, with gently sloping terrain, paved access, and ample parking for residents. Each unit’s design emphasizes livability, featuring open-concept layouts, well-equipped kitchens, comfortable bedrooms, and bright sunrooms perfect for year-round enjoyment. The property’s thoughtful design—with only four units per building—ensures a sense of community while maintaining individual privacy and appeal. Opportunities like this rarely come available—an entire 12-unit complex in excellent condition, located in a strong rental market with city utilities, and ideal for investors seeking a well-maintained, turnkey property in a prime Hendersonville location.
General Information:
| List Price: | $2,300,000 |
| Status: | For Sale |
| Bedrooms: | 24 |
| Type: | Apartment |
| Parking: | Parking Lot, Parking Space(s) |
| MLS Number: | CAR4305685 |
| Lot Description: | Green Area, Level, Paved, Wooded |
| Year Built: | 1986 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Bruce Drysdale |
| Middle: | Hendersonville |
| High: | Hendersonville |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 11-01-2025 | Listed | $2,300,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Hendersonville Elementary | 1 miles | KG-05 | 9 |
| Bruce Drysdale Elementary | 2 miles | KG-05 | 3 |
| The Mountain Community Sch | 3 miles | KG-06 | 5 |
| Clear Creek Elementary | 3 miles | KG-05 | 9 |
| Atkinson Elementary | 4 miles | KG-05 | 9 |
| Sugarloaf Elementary | 4 miles | KG-05 | 5 |
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 |
| 45 Indian River Road, Hendersonville NC | 0 mi | $2,300,000 | days | |
| 318 Stoney Mountain Road, Hendersonville NC | 0.1 mi | $369,000 | days | |
| 114 Elden Street, Hendersonville NC | 0.1 mi | $375,000 | days | |
| 201 Merriman Road, Hendersonville NC | 0.1 mi | $300,000 | days | |
| 14 Cornerstone Way, Hendersonville NC | 0.1 mi | $4,800,000 | days | |
| 132 Haynes Street, Hendersonville NC | 0.1 mi | $299,000 | 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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Mortgage Calculator
| 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 28791
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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 George Real Estate Group Inc
45 Indian River Road, Hendersonville NC is a ft2 on a 1.600 acres lot. This is for $2,300,000. This has 24 bedrooms, baths, and was built in 1986.
Based on information submitted to the MLS GRID as of 2025-11-01 10:27:00 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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