PLEASE NO DRIVE-BYl Exceptional investment opportunity in Asheville! This fully leased property offers five income-producing homes across three adjacent PINs, including three singlewide and two doublewide homes — all with strong rental history and reliable tenants. With immediate income from day one and room for future development, this property combines stability, versatility, and long-term potential. Each home is well maintained and thoughtfully placed for privacy and convenience, featuring individual driveways and ample parking. The peaceful setting provides a neighborhood feel while being just minutes from downtown Asheville, shopping, and major highways — a prime location that keeps demand and occupancy rates high. Three parcels are serviced by septic systems and a shared well. With three contiguous lots, the configuration supports possible additional units or redevelopment (subject to county approval). Investors can maintain five established income streams while exploring opportunities to enhance or expand. The homes each offer comfortable living spaces with individual yards, making them attractive for long-term tenants. The consistent occupancy and strong rent performance demonstrate solid cash flow and minimal turnover — ideal for both new and seasoned investors.
Highlights: • five homes total — 3 singlewides and 2 doublewides • Fully leased with strong rental history • Three adjacent PINs with development potential • 3 parcels on septic with shared well • Ample parking and private driveways • Convenient to downtown Asheville, shopping, and highways • Peaceful setting with strong tenant demand.
This turn-key property is ready to continue performing as a proven income generator. With its combination of location, stable rental history, and development flexibility, it’s a rare opportunity in Asheville’s growing market. Whether you’re expanding your portfolio or seeking a property with long-term appreciation potential, this investment checks all the boxes.
Active
$1,050,000
18 Hat Creek Dr, Asheville, NC 28806
14beds
10baths
7,240sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$145/sqft
$-- HOA
What's special
- 306 days
- 224
- 10
Zillow last checked:
Listing updated:
Listed by:
Tatyana Edwards pursuitofrealty@gmail.com,
Edwards Realty LLC,
Preston Edwards,
Edwards Realty LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4317652
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 10
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Other
- Laundry: Other
Features
- Basement: Other
Interior area
- Total structure area: 7,240
- Total interior livable area: 7,240 sqft
- Finished area above ground: 7,240
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Waterfront features: None
Lot
- Size: 3.95 Acres
- Features: Cleared, Green Area, Level, Rolling Slope, Wooded, Views
Details
- Additional structures: None
- Additional parcels included: 9618-96-0332-00000, 9618-95-0929-00000
- Parcel number: 961886817200000
- Zoning: R-3
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl, Other
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
Utilities & green energy
- Sewer: Septic Installed
- Water: Shared Well
Community & HOA
Location
- Region: Asheville
- Elevation: 1500 Feet
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $99,999
- Annual tax amount: $390
- Date on market: 10/30/2025
- Cumulative days on market: 306 days
- Listing terms: Cash,Nonconforming Loan
- Tenant pays: All Utilities, Cable TV, Electricity, Trash Collection, Water
- Road surface type: Gravel, Dirt
Estimated market value
Not available
Estimated sales range
Not available
$1,699/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/9/2026 | Price change | $1,050,000-16%$145/sqft |
Source: | ||
| 10/30/2025 | Listed for sale | $1,250,000$173/sqft |
Source: | ||
| 9/2/2025 | Listing removed | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 8/8/2025 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $390 | $56,200 |
| 2015 | $390 +58.8% | $56,200 +58.8% |
| 2014 | $246 | $35,400 |
| 2013 | -- | $35,400 -19.7% |
| 2012 | -- | $44,100 |
| 2011 | -- | $44,100 |
| 2010 | -- | $44,100 |
| 2009 | -- | $44,100 |
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: 28806
Nearby schools
Schools provided by the listing agent
- Elementary: Johnston/Eblen
- Middle: Clyde A Erwin
- High: Clyde A Erwin
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.




