Under contract-show

Price cut: $150K (4/28)

$2,650,000

2147 Brevard # 1 Rd, Arden, NC 28704

--beds

--baths

12,372sqft

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Duplex

Built in 1998

-- sqft lot

$-- Zestimate^®

$214/sqft

$-- HOA

What's special

Five townhome-style duplexes

This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.

119 days

24

4

Facts & features

Interior

Heating

Central, Forced Air, Heat Pump, Natural Gas

Cooling

Central Air

Appliances

Included: Electric Oven, Electric Water Heater, Gas Range, Oven, Refrigerator
Laundry: In Unit

Features

Basement: Other
Fireplace features: Gas

Interior area

Total structure area: 12,372
Total interior livable area: 12,372 sqft
Finished area above ground: 12,372
Finished area below ground: 0

Property

Parking

Parking features: Parking Lot

Features

Stories: 2
Patio & porch: Deck
Waterfront features: None

Lot

Size: 2.85 Acres

Details

Additional parcels included: 96335556660000,96335557720000,96335557780000,96335558650000
Parcel number: 96335555790000
Zoning: R-1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Vinyl
Foundation: None
Roof: Composition

Condition

New construction: No
Year built: 1998

Utilities & green energy

Sewer: Septic Installed
Water: Well

Community & HOA

Location

Region: Arden

Financial & listing details

Price per square foot: $214/sqft
Tax assessed value: $1,434,500
Date on market: 2/10/2026
Cumulative days on market: 113 days
Tenant pays: Cable TV, Electricity, Gas
Road surface type: Asphalt, Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/28/2026	Price change	$2,650,000-5.4%$214/sqft
Source: Canopy MLS as distributed by MLS GRID #4345037 Report a problem
2/10/2026	Listed for sale	$2,800,000+1811.3%$226/sqft
Source: Canopy MLS as distributed by MLS GRID #4345037 Report a problem
3/3/2012	Listing removed	$146,500$12/sqft
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem
7/16/2011	Listed for sale	$146,500$12/sqft
Source: Mountain Lifestyles #434925 Report a problem
3/6/2011	Listing removed	$146,500$12/sqft
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem
11/12/2009	Price change	$146,500-5.8%$12/sqft
Source: CENTURY 21 Mountain Lifestyles #434925 Report a problem
6/4/2009	Listed for sale	$155,500$13/sqft
Source: Century 21 #434925 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28704

Getting around

5 / 100

Car-Dependent

12 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Avery's Creek Elementary
Grades: PK-4Distance: 2.3 mi
9/10
Valley Springs Middle
Grades: 5-8Distance: 3.4 mi
7/10
T C Roberson High
Grades: PK,9-12Distance: 3.6 mi

Schools provided by the listing agent

Elementary: Avery's Creek/Koontz
Middle: Valley Springs
High: T.C. Roberson

Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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