Income-Generating Potential Near Asheville! This property offers a rare opportunity for investors with two separate dwellings: a 1940s bungalow and a single-wide mobile home, both ripe for renovation and poised to generate excellent rental income. Situated on a picturesque 1.88-acre parcel graced by a beautiful creek, this serene setting is conveniently located just 5.6 miles (12 minutes) from downtown Asheville and close to Weaverville and Leicester. The bungalow provides a good-sized bedroom, living room, dining room, kitchen, and one full bath. The mobile home features a living room, an eat-in kitchen, two bedrooms, one full bath, and a charming screened front porch. Don't miss out on this chance to secure a valuable investment in a prime location with dual rental possibilities!
Closed
$140,000
140 Old Leicester Rd, Asheville, NC 28804
3beds
1,529sqft
Manufactured Home
Built in 1920
1.88 Acres Lot
$158,700 Zestimate®
$92/sqft
$1,490 Estimated rent
Home value
$158,700
$148,000 - $170,000
$1,490/mo
Zestimate® history
Owner options
List your home for rent
$1,490/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,490/mo
Rent Zestimate®
Refinance and save
$866/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$866/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Beautiful creekCharming screened front porchGood-sized bedroomEat-in kitchenTwo bedroomsDining room
Zillow last checked:
Listing updated:
Listing Provided by:
Linda Reynolds lindar@uniquecollective.us,
Unique: A Real Estate Collective
Bought with:
Yana Alipa
Keller Williams Professionals
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4345168
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Electric Range, Refrigerator, Washer/Dryer
- Laundry: In Hall
Features
- Total Primary Heated Living Area: 864
- Flooring: Carpet, Vinyl, Wood
- Has basement: No
- Fireplace features: Living Room, Wood Burning Stove
Interior area
- Total structure area: 864
- Total interior livable area: 1,529 sqft
- Finished area above ground: 864
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Waterfront features: Creek/Stream
Lot
- Size: 1.88 Acres
- Features: Level, Rolling Slope
Details
- Additional structures: Outbuilding
- Additional parcels included: 9720735636
- Parcel number: 972073757600000
- Zoning: CWO-R10
- Special conditions: Standard
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home
Materials
- Metal, Wood
- Foundation: Crawl Space
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & neighborhood
Location
- Region: Asheville
- Subdivision: None
Other
Other facts
- Listing terms: Cash
- Road surface type: Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Sold | $140,000-24.3%$92/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4345168 Report a problem | ||
| 2/12/2026 | Listed for sale | $185,000$121/sqft |
Source: Canopy MLS as distributed by MLS GRID #4345168 Report a problem | ||
| 8/5/2025 | Listing removed | $185,000$121/sqft |
Source: Canopy MLS as distributed by MLS GRID #4258091 Report a problem | ||
| 5/13/2025 | Listed for sale | $185,000$121/sqft |
Source: Canopy MLS as distributed by MLS GRID #4258091 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,473 +3.9% | $140,100 |
| 2024 | $1,418 +5.1% | $140,100 |
| 2023 | $1,349 +70.6% | $140,100 |
| 2022 | $791 | $140,100 |
| 2021 | $791 +12.3% | $140,100 +19.6% |
| 2020 | $704 | $117,100 |
| 2019 | $704 | $117,100 |
| 2018 | $704 +6.4% | $117,100 +13.6% |
| 2017 | $662 | $103,100 |
| 2016 | $662 +1.2% | $103,100 |
| 2015 | $654 -37.1% | $103,100 |
| 2014 | $1,040 | $103,100 |
| 2013 | -- | $103,100 +7.2% |
| 2012 | -- | $96,200 -0.5% |
| 2011 | -- | $96,700 |
| 2010 | -- | $96,700 +1.5% |
| 2009 | -- | $95,300 |
Find assessor info on the county website
Neighborhood: 28804
Nearby schools
GreatSchools rating
- 2/10Eblen Intermediate SchoolGrades: 5-6Distance: 0.9 mi
- 6/10Clyde A Erwin Middle SchoolGrades: 7-8Distance: 1.4 mi
- 2/10Clyde A Erwin HighGrades: PK,9-12Distance: 1.2 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$158,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$158,700
- North Carolina
- Buncombe County
- Asheville
- 28804
- 140 Old Leicester Rd
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Asheville Topics
