INVESTMENT OPPORTUNITY IN THE HEART OF WAYNESVILLE! Ideally situated just minutes from downtown Waynesville, this all-brick quadplex offers an attractive combination of location, established rental history, and tremendous potential for increased income. The property features four spacious apartments, including two 2-bedroom units and two 1-bedroom units, offering a total of approximately 4,028 square feet of living space. Each unit has its own kitchen, living and dining areas, with select units featuring covered porches or decks. Currently occupied by established tenants, the property generates consistent rental income, with rents that are considerably below prevailing market rates, presenting an excellent opportunity for future revenue growth. Additional highlights include city water and sewer, convenient parking, and a desirable location near downtown shopping, dining, and everyday conveniences. Whether you're an experienced investor looking to expand your portfolio or entering the multifamily market for the first time, this property offers an opportunity to acquire a well-located income-producing asset with meaningful long-term upside. Location, existing income, and room to grow, 152 Tate Street checks all three boxes!
Active
$595,000
152 Tate St, Waynesville, NC 28786
6beds
4,028sqft
Quadruplex
Built in 1964
-- sqft lot
$-- Zestimate®
$148/sqft
$-- HOA
What's special
All-brick quadplexFour spacious apartmentsLiving and dining areasConvenient parking
- 19 hours
- 47
- 7
Zillow last checked:
Listing updated:
Listed by:
Matthew Wells matthewwells@kw.com,
Keller Williams Great Smokies
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4436155
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Dishwasher, Electric Range, Exhaust Fan, Refrigerator, Washer/Dryer
- Laundry: Common Area, In Basement
Features
- Flooring: Carpet, Linoleum, Wood
- Doors: Insulated Door(s), Storm Door(s)
- Windows: Insulated Windows
- Basement: Apartment,Exterior Entry,Full,Partially Finished
- Fireplace features: Living Room, Other - See Remarks
Interior area
- Total structure area: 4,028
- Total interior livable area: 4,028 sqft
- Finished area above ground: 2,396
- Finished area below ground: 1,632
Property
Parking
- Parking features: Driveway, On Street, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Balcony, Covered, Deck, Patio, Porch
- Has view: Yes
- View description: Winter
Lot
- Size: 0.26 Acres
- Features: Level, Sloped
Details
- Parcel number: 8615169667
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Brick Full
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Waynesville
- Elevation: 2500 Feet
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $183,200
- Annual tax amount: $1,644
- Date on market: 10/23/2026
- Listing terms: Cash,Conventional
- Tenant pays: Other
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,752/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2026 | Listed for sale | $595,000$148/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4436155 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,644 | $183,200 |
| 2024 | $1,644 | $183,200 |
| 2023 | $1,644 +1.7% | $183,200 |
| 2022 | $1,616 | $183,200 |
| 2021 | $1,616 +0.5% | $183,200 +10.3% |
| 2020 | $1,608 -1.2% | $166,100 |
| 2019 | $1,628 | $166,100 |
| 2018 | $1,628 | $166,100 |
| 2017 | $1,628 -0.9% | $166,100 -4.6% |
| 2016 | $1,642 | $174,200 |
| 2015 | $1,642 +25.3% | $174,200 |
| 2014 | $1,311 -4.4% | $174,200 -18% |
| 2010 | $1,371 +4.3% | $212,340 |
| 2008 | $1,315 | $212,340 |
| 2007 | -- | $212,340 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28786
Nearby schools
Schools provided by the listing agent
- Elementary: Hazelwood
- Middle: Waynesville
- High: Tuscola
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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