50 & 52 Smith Road, Leicester NC
- 16 Bed
- 1.9 ac
For Sale $1,500,000
Remarks:
Excellent Investment Opportunity! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.
General Information:
| List Price: | $1,500,000 |
| Status: | For Sale |
| Bedrooms: | 16 |
| Type: | Eightplex |
| Parking: | Parking Lot, Parking Space(s) |
| MLS Number: | CAR4357331 |
| Subdivision: | None |
| Style: | Other |
| Lot Description: | Green Area |
| Year Built: | 2004 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-06-2026 | Listed | $1,500,000 | N/A |
| 04-04-2026 | Listed | $314,990 | N/A |
| 07-27-2025 | Under Contract | $299,990 | N/A |
| 06-04-2025 | Listed | $299,990 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Vance Elementary | 4 miles | KG-05 | 9 |
| Francine Delany New School for Children | 4 miles | KG-06 | 9 |
| Hall Fletcher Elementary | 5 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 5 miles | PK-05 | 9 |
| Claxton Elementary | 6 miles | KG-05 | 6 |
| Ira B Jones Elementary | 6 miles | PK-05 | 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 |
| 50 & 52 Smith Road, Leicester NC | 0 mi | $1,500,000 | days | |
| 17 Moss Pink Place, Asheville NC | 0.4 mi | $650,000 | days | |
| 19 Azure Sage Way, Asheville NC | 0.5 mi | $575,000 | days | |
| 31 English Ivy Road, Asheville NC | 0.6 mi | $314,750 | days | |
| 33 English Ivy Road, Asheville NC | 0.6 mi | $315,000 | days | |
| New Leicester Highway, Asheville NC | 0.7 mi | $1,200,000 | 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)
| Property Taxes |
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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 28748
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Transportation to Work |
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 Asheville Realty Group
50 & 52 Smith Road, Leicester NC is a ft2 on a 1.900 acres lot. This is for $1,500,000. This has 16 bedrooms, baths, and was built in 2004.
Based on information submitted to the MLS GRID as of 2026-05-06 09:01:11 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.
