For Sale $370,000
Income-producing opportunity! This unique offering includes two homes on one property—a beautifully renovated site-built bungalow (731 Don Felmet Rd) and a well-maintained singlewide mobile home (729 Don Felmet Rd). Live in one and rent the other, create a multi-generational setup, or add a turnkey asset to your rental portfolio. The primary residence at 731 Don Felmet Rd features 2 bedrooms, 1 bath, long-range mountain views, a new metal roof, expansive covered front porch, updated systems, and two outbuildings including a workshop with 50-amp service and a greenhouse. Thoughtful renovations and strong outdoor living space make this home ideal for full-time living. The second home at 729 Don Felmet Rd offers a functional split-bedroom floor plan with LVP flooring throughout, an updated kitchen, and an oversized primary suite complete with a large bathroom and walk-in closet. Additional storage includes an attached rear storage room and a detached shed, making it well-suited for rental use or extended family living. With the New Leicester Highway widening complete, the property is conveniently located approximately 15 minutes to Asheville and Marshall and 10 minutes to Ingles. A flexible setup with multiple use options—ideal for investors, owner-occupants seeking supplemental income, or those needing space for family without sacrificing independence.
| List Price: | $370,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 830 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4309853 |
| Subdivision: | None |
| Style: | Ranch |
| Bathrooms: | 3 |
| Lot Description: | Cleared, Level, Rolling Slope, Wooded, Views |
| Year Built: | 1958 |
| Sewer Type: | Septic Installed |
| Elementary: | Leicester/Eblen |
| Middle: | Clyde A Erwin |
| High: | Clyde A Erwin |
| Date | Event | Price | $/SQFT |
| 12-05-2025 | Listed | $370,000 | $446 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| No schools found | |||
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.
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 |
| 729 & 731 Don Felmet Road, Marshall NC | 0 mi | $370,000 | days | |
| 729 Don Felmet Road, Marshall NC | 0 mi | $140,000 | days | |
| 731 Don Felmet Road, Marshall NC | 0 mi | $230,000 | days | |
| 16 Meadows Town Road, Leicester NC | 0.4 mi | $384,900 | days | |
| 4 Meadows Town Road, Leicester NC | 0.4 mi | $374,900 | days | |
| 6 Meadows Town Road, Leicester NC | 0.5 mi | $374,900 | days |
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 |
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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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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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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.
A Courtesy Listing Provided By Real Broker, LLC
729 & 731 Don Felmet Road, Marshall NC is a 830 ft2 on a 0.740 acres lot. This is for $370,000. This has 4 bedrooms, 3 baths, and was built in 1958.
Based on information submitted to the MLS GRID as of 2025-12-05 11:45:24 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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