INVESTMENT OPPORTUNITY! Classic Asheville four-plex walking distance to downtown with great street exposure. Situated on a large .41 acre lot with plenty of off street parking, these four units have tremendous potential. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler. The property is commercially zoned (CB1) and could be converted to commercial use.
Active
$899,000
181 Merrimon Ave, Asheville, NC 28801
--beds
3,212sqft
:
Get pre-qualified$5,224/mo
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$280/sqft
$-- HOA
What's special
Bonus roomOff street parkingStudio apartments
- 644 days |
- 242 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Gray Tolson gray@appalachianrealty.com,
Appalachian Realty Associates
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4197890
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
- Laundry: None
Features
- Basement: Apartment
Interior area
- Total structure area: 3,212
- Total interior livable area: 3,212 sqft
- Finished area above ground: 3,212
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 0.41 Acres
Details
- Parcel number: 964944212600000
- Zoning: CBI
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Arts and Crafts
- Property subtype: Multi Family
Materials
- Cedar Shake
- Foundation: Pillar/Post/Pier
Condition
- New construction: No
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Location
- Region: Asheville
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $741,300
- Annual tax amount: $5,888
- Date on market: 11/8/2024
- Cumulative days on market: 644 days
- Listing terms: Cash,Conventional
- Tenant pays: All Except Water
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,514/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $899,000-9.9%$280/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4197890 Report a problem | ||
| 11/4/2025 | Price change | $998,000-8.9%$311/sqft |
Source: Canopy MLS as distributed by MLS GRID #4197890 Report a problem | ||
| 11/8/2024 | Listed for sale | $1,095,000$341/sqft |
Source: Canopy MLS as distributed by MLS GRID #4197890 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,888 -23.1% | $536,000 -27.7% |
| 2024 | $7,658 +2.6% | $741,300 |
| 2023 | $7,466 +1% | $741,300 |
| 2022 | $7,392 | $741,300 |
| 2021 | $7,392 +0% | $741,300 +8.1% |
| 2020 | $7,389 | $685,500 |
| 2019 | $7,389 | $685,500 |
| 2018 | $7,389 | $685,500 +2.3% |
| 2017 | $7,389 -0.9% | $670,200 |
| 2016 | $7,458 -9.5% | $670,200 |
| 2015 | $8,237 +1.2% | $670,200 |
| 2014 | $8,136 | $670,200 |
| 2013 | -- | $670,200 +6.4% |
| 2012 | -- | $630,100 |
| 2011 | -- | $630,100 |
| 2010 | -- | $630,100 +1.7% |
| 2009 | -- | $619,800 |
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: 28801
Nearby schools
GreatSchools rating
- 6/10Claxton ElementaryGrades: K-5Distance: 0.2 mi
- 7/10Asheville MiddleGrades: 6-8Distance: 1.4 mi
- 6/10Asheville HighGrades: PK,9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Asheville City
- Middle: Asheville
- High: Asheville
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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A local agent can set up tours, give advice and negotiate with sellers.
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