55 Congress Street, Asheville NC
- 5 Bed
- 3 Bath
- 1152 ft2
- 0.4 ac
For Sale $625,000
Remarks:
Centrally located in the heart of Asheville, this 5BD/3BA versatile and spacious home combines exceptional convenience with impressive income potential. Minutes from Downtown Asheville, Mission Hospital, A-B Tech, the River Arts District, iconic local breweries, and historic Biltmore Village, the location couldn't be more ideal. Inside, the home features a light-filled layout complemented by a renovated lower level—perfect for a mother-in-law suite, a private multi-bedroom rental, or mid-term housing. The seller has successfully utilized portions of the home to house traveling medical professionals, providing a steady stream of additional revenue. Unwind on the oversized front porch while taking in year-round views of Downtown Asheville and the surrounding Blue Ridge Mountains. Out back, an expansive backyard offers endless possibilities for gardening, outdoor entertaining, or potential future development. Whether you're seeking a primary residence with passive income, a multi-generational living setup, or an investment property, this Asheville gem delivers on every level. Situated just minutes from Downtown Asheville, this strategically located property is far more than a charming residence—it is a rare chance to capitalize on flexible RS-8 zoning and Asheville’s expanding residential density initiatives. Under current regulations, RS-8 zoning allows 2 units for the initial 4,000 sq. ft. of parcel area, plus 1 additional unit for every extra 1,000 sq. ft. A parcel of 5,000+ sq. ft. can accommodate up to 3 units, opening doors for duplexes, multi-family infill, or expanded Accessory Dwelling Units (ADUs). (Buyer/Buyer's Agent to verify subdivision potential and allowable build parameters with City of Asheville Planning) This home is being sold strictly As-Is and requires unfinished repairs and updates. Schedule your showing today and explore the possibilities!"
Exterior Features:
Storage
General Information:
| List Price: | $625,000 |
| Status: | For Sale |
| Bedrooms: | 5 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1152 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4423785 |
| Subdivision: | E Riverside Urban Renewal Area |
| Style: | Ranch |
| Bathrooms: | 3 |
| Year Built: | 1980 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Asheville Primary |
| Middle: | Asheville |
| High: | Asheville |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 09-16-2026 | Listed | $625,000 | $543 |
| 01-08-2026 | Price Decrease | $874,000-2.78% | $759 |
| 12-04-2025 | Listed | $899,000 | $781 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Hall Fletcher Elementary | 1 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 1 miles | PK-05 | 9 |
| Claxton Elementary | 2 miles | KG-05 | 6 |
| Francine Delany New School for Children | 2 miles | KG-06 | 9 |
| Vance Elementary | 3 miles | KG-05 | 9 |
| Oakley Elementary | 3 miles | KG-05 | 4 |
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 |
| 55 Congress Street, Asheville NC | 0 mi | $625,000 | days | |
| 22 Pine Grove Avenue, Asheville NC | 0.1 mi | $399,900 | days | |
| 30 Bartlett Street, Asheville NC | 0.2 mi | $520,000 | days | |
| 37 Water Street, Asheville NC | 0.3 mi | $540,000 | days | |
| 1 Camby Street, Asheville NC | 0.3 mi | $370,000 | days | |
| 39 Bartlett Street, Asheville NC | 0.3 mi | $430,000 | 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 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 Kilgore & Associates RealEstat
55 Congress Street, Asheville NC is a 1152 ft2 on a 0.350 acres Appraisal lot. This is for $625,000. This has 5 bedrooms, 3 baths, and was built in 1980.
Based on information submitted to the MLS GRID as of 2026-09-16 06:20:33 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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