*RARE INCOME PRODUCING HISTORICAL HOME IN TRYON!* Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income with room to grow. Step into a world of timeless appeal: the main residence boasts a wraparound porch, hardwood floors, & soaring ceilings, thoughtfully divided into 4 spacious units. The adjacent cottage adds 2 more, each w/ private entrances & modern upgrades. Set on a lush 0.52-acre lot w/ manicured gardens, this compound radiates curb appeal & versatility. Centrally located between Asheville, Charlotte, Greenville & Spartanburg - less than 1 hour to AVL & GSP & >2 hours to CLT airports.
Closed
$979,000
135 & 145 Melrose Ave, Tryon, NC 28782
8beds
5,722sqft
Single Family Residence
Built in 1910
0.52 Acres Lot
$980,500 Zestimate®
$171/sqft
$2,046 Estimated rent
Home value
$980,500
Estimated sales range
Not available
$2,046/mo
Zestimate® history
Owner options
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$2,046/mo
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$2,046/mo
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$5,709/mo
Est. payment
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$5,709/mo
Est. payment
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List your homeWhat's special
Modern upgradesSoaring ceilingsWraparound porchPrivate entrancesHardwood floorsCurb appealManicured gardens
Zillow last checked:
Listing updated:
Listing Provided by:
Becky Call beckycallrealestate@gmail.com,
RE/MAX Results
Bought with:
Jen Hubbell
Keller Williams Mtn Partners, LLC
Jen Hubbell
Keller Williams Mtn Partners, LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4233654
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Heating
- Natural Gas, Radiant
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Oven, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
- Laundry: Common Area, Gas Dryer Hookup, In Basement, Washer Hookup
Features
- Total Primary Heated Living Area: 3686
- Flooring: Wood
- Basement: Apartment,Finished,Partially Finished,Storage Space,Walk-Out Access
Interior area
- Total structure area: 3,686
- Total interior livable area: 5,722 sqft
- Finished area above ground: 3,686
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Two or More Access Exits
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Wrap Around
Lot
- Size: 0.52 Acres
- Features: Cleared
Details
- Parcel number: T11A25
- Zoning: M
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Hardboard Siding
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & neighborhood
Location
- Region: Tryon
- Subdivision: Other
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $979,000-2.1%$171/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4233654 Report a problem | ||
| 3/13/2025 | Listed for sale | $1,000,000+344.4%$175/sqft |
Source: Canopy MLS as distributed by MLS GRID #4233654 Report a problem | ||
| 1/7/2013 | Sold | $225,000$39/sqft |
Source: Canopy MLS as distributed by MLS GRID #NCM461656 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 28782
Nearby schools
GreatSchools rating
- 5/10Tryon Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Polk County Middle SchoolGrades: 6-8Distance: 7.4 mi
- 5/10Polk County High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: Polk Central
- Middle: Polk
- High: Polk
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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- North Carolina
- Polk County
- Tryon
- 28782
- 135 & 145 Melrose Ave
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