14 Beds

9 Full baths

5,813 SqFt


This truly unique multi-family investment property is situated along the picturesque Swannanoa River. Property consists of 7 stick-built homes, 2 of which contain two 1/1 duplexes for 9 total units – 14 total bedrooms, and 9 baths. The two duplex buildings (four 1 Bed / 1 Bath units) and one 2/1 unit have been completely renovated, with new cantilevered porches and privacy walls, and are ready for occupancy. Remaining units will have new flooring, paint, appliances, and fixtures by mid December. Every unit will have new HVAC. Property has city water and sewer, and is zoned R-2. Pending zoning application / review, possible alternative uses include Vacation Rental, Bed and Breakfast, Childcare, Education, Family Care, Group Home, Health Care Facility, Home Occupation, etc. Convenient location with easy access to I-40 and US-70/Tunnel Rd., less than 10 minutes to Blue Ridge Parkway access, WNC Nature Center, Highland Brewing Company, and other East Asheville amenities.

Property Details
Price $2,495,000
Bedrooms 14
Full Baths 9
Half Baths 0
Lot Size Area 1.39
Lot Size Area Units Acres
Property Type MultiFamily
MLS Sub type Portfolio
Year Built 1964
Subdivision None
Roof Shingle
Waterfront Swannanoa River
Heating Electric, Heat Pump
Foundation Pillar/Post/Pier
Lot Description Flood Plain/Bottom Land, Green Area, River Front, Wooded
Laundry Features Laundry Closet, Main Level
Parking Description Parking Space(s)
Geographic Data
Directions Take I-40 to exit 55 toward US-70, then turn left onto Porters Cove Rd. Follow for .2 miles then turn left onto Tunnel Rd, right onto Moffitt Branch Rd then left at the Y onto Moffit Rd. Continue for .4 miles then turn left onto Stevens Lane.
County Buncombe
Latitude 35.590248
Longitude -82.466133
Address Information
Address 321 Stevens Lane, Asheville, NC 28805
Postal Code 28805
City Asheville
State NC
Country United States
Listing Information
Listing Office Keller Williams Professionals
Listing Office Phone 828-254-7253
Listing Agent Katie Prendergast
Listing Agent Phone 828-254-7253
Sub Agency Compensation Type %
Buyer Agency Compensation 3
Attribution Contact katie@fireflyrealty.com
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Terms Cash, Conventional
Virtual Tour URL https://mls.ricoh360.com/eea7555b-9af5-41d4-8673-6feb9af6e30a
School Information
Elementary School WD Williams
Middle School Charles D Owen
High School Charles D Owen
MLS Information
Days on market 0
MLS Status Active
Listing Date Nov 17, 2023
Listing Last Modified Nov 17, 2023
Tax ID 9668-97-8806-00000
MLS # CAR4087813

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This information is believed to be accurate, but without any warranty.