5 Main Street, Asheville NC
- 3 Bed
- 2 Bath
- 1280 ft2
- 0.2 ac
For Sale $420,000
Remarks:
**NEW PRICE – $420,000 | FINAL OPPORTUNITY BEFORE RENTAL** Seller plans to transition the property to a long-term rental if not under contract by 9/10/26. Opportunity to purchase the home in its current configuration, including the full existing parcel, before that transition. Seller is also open to creative options for qualified buyers, including a potential lease-to-own arrangement. One possibility: 12-month lease at $2,700/month, with rent potentially credited toward a future purchase. In a future lease-to-own purchase, Seller anticipates subdividing and retaining the rear portion. Bring your offer or ideas—Seller is open to discussing a structure that works for both parties.**** One of Oakley's original homes, 5 Main Street was built during Asheville's 1920s building boom and retains much of its period character. The covered front porch, blue ceiling, hardwood floors, 9-foot ceilings, brick fireplace, custom built-ins and built-in breakfast nook give the home a distinctive sense of place. The home has been thoughtfully updated while preserving its history. Natural gas heating and A/C were installed in 2021. The lower level was completely renovated in 2021, with exposed 100-year-old brick and arched window details preserved. It includes a full bath with antique clawfoot tub, independent mini-split HVAC, updated electrical, living area with built-in projector/90-inch display, interior staircase connection, and separate exterior entrance. Flexible space for guests, extended family, office/studio or additional living space. The lower level has previously been used for limited Airbnb stays. Interior and exterior French drains were installed prior to Hurricane Helene and performed as designed during the storm. Laundry and electrical panel are located in a shared basement utility area accessible from both levels. The property has a strong history as a furnished monthly rental, with rental records available upon request. The owner is willing to sell the home fully furnished through a separate furniture transaction. Lexington Glass pendant lights and vintage refrigerator do not convey. The large parcel offers room to garden, play and entertain, with potential for a future flag lot. Buyer to verify subdivision feasibility and permitting. Convenient Oakley location near Biltmore Village and minutes to downtown Asheville. Nearby amenities include Fairview Road businesses, the Swannanoa River corridor, Hellbender music venue and the future Swannanoa River Greenway. Bus service to downtown is nearby. A rare opportunity to own an original Oakley home with character, flexible lower-level space, a large parcel and multiple potential paths for future use.
General Information:
| List Price: | $420,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1280 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4373261 |
| Subdivision: | Alta Vista |
| Bathrooms: | 2 |
| Year Built: | 1926 |
| Sewer Type: | County Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | AC Reynolds |
| High: | AC Reynolds |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-03-2026 | Price Decrease | $420,000-3.45% | $329 |
| 08-20-2026 | Price Decrease | $435,000-2.25% | $340 |
| 08-13-2026 | Price Decrease | $445,000-13.93% | $348 |
| 05-16-2026 | Listed | $517,000 | $404 |
| 06-23-2025 | Listed | $399,900 | $313 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Oakley Elementary | 1 miles | KG-05 | 4 |
| Haw Creek Elementary | 2 miles | KG-05 | 7 |
| Charles C Bell Elementary | 3 miles | KG-05 | 8 |
| Hall Fletcher Elementary | 3 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 3 miles | PK-05 | 9 |
| Evergreen Community Charter | 3 miles | KG-06 | 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.
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 |
| 5 Main Street, Asheville NC | 0 mi | $420,000 | days | |
| 16 Main Street, Asheville NC | 0.1 mi | $345,000 | days | |
| 12 Twig Lane, Asheville NC | 0.1 mi | $709,000 | days | |
| 376 Fairview Road, Asheville NC | 0.1 mi | $389,900 | days | |
| 8 First Street, Asheville NC | 0.1 mi | $325,000 | days | |
| 3 Fourth Street, Asheville NC | 0.1 mi | $450,000 | 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 28803
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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 Wander Wagon Tours & Realty
5 Main Street, Asheville NC is a 1280 ft2 on a 0.220 acres Appraisal lot. This is for $420,000. This has 3 bedrooms, 2 baths, and was built in 1926.
Based on information submitted to the MLS GRID as of 2026-05-16 11:06:57 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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