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  • $1,050,000

    18 Hat Creek Dr, Asheville, NC 28806

    14beds
    10baths
    7,240sqft
    : 
    $6,168/mo
    Get pre-qualified
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $145/sqft
    $-- HOA

    What's special

    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.
    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#: 4317652MLS Logo

      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

      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

        DateEventPrice
        2/9/2026Price change$1,050,000-16%$145/sqft
        Source: Canopy MLS as distributed by MLS GRID #4317652 Report a problem
        10/30/2025Listed for sale$1,250,000$173/sqft
        Source: Canopy MLS as distributed by MLS GRID #4317652 Report a problem
        9/2/2025Listing removed$1,000
        Source: Zillow Rentals Report a problem
        8/8/2025Listed for rent$1,000
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28806

        Getting around

        10 / 100
        Car-Dependent
        21 / 100
        Minimal Transit
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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