Rare multi-family investment opportunity in popular Black Mountain! Easy access to all the nearby amenities: historic downtown district with local restaurants, shops, and breweries, Lake Tomahawk Park, Black Mountain Golf Club, and ample opportunities for outdoor recreation. Plus, just a short 20-minute drive to neighboring Asheville. This offering consists of four total units in two buildings, each designed as a side-by-side townhouse-style duplex with individual entrances. Units in #214 are 2 bedrooms and 2.5 baths; units in #212 are 2 bedrooms and 1.5 baths; each unit has its own utility meters, laundry, and private outdoor space. Meticulously maintained by the same owners for over a decade, this property is a turnkey investment opportunity in a beautiful area. Consistent rental history with long-term tenants & minimal turnover. Currently, there are 12-month leases in place for three of the units, and a month-to-month lease for the fourth. Additional details available upon request.
Active
$1,100,000
212 & 214 Portmanvilla Rd, Black Mountain, NC 28711
4beds
4,422sqft
Quadruplex
Built in 2011
-- sqft lot
$1,012,700 Zestimate®
$249/sqft
$-- HOA
What's special
Side-by-side townhouse-style duplexOwn utility metersIndividual entrancesPrivate outdoor space
- 373 days |
- 89 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Alan Wray Alan@HeartwoodAVL.com,
Heartwood Realty LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4278450
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 6
- 1/2 bathrooms: 4
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Laundry: In Unit, Main Level
Features
- Flooring: Tile, Wood
- Has basement: No
Interior area
- Total structure area: 4,422
- Total interior livable area: 4,422 sqft
- Finished area above ground: 4,422
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered, Rear Porch, Screened
- Fencing: Partial,Privacy
Lot
- Size: 0.26 Acres
- Features: Green Area, Level, Wooded
Details
- Additional parcels included: 061949033300000
- Parcel number: 061949038200000
- Zoning: UR-8
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 2011
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Location
- Region: Black Mountain
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $535,600
- Date on market: 7/7/2025
- Cumulative days on market: 373 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Gravel, Paved
Estimated market value
$1,012,700
$962,000 - $1.06M
$1,766/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Listed for sale | $1,100,000$249/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4278450 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28711
Nearby schools
GreatSchools rating
- 6/10Black Mountain PrimaryGrades: PK-3Distance: 0.4 mi
- 5/10Charles D Owen MiddleGrades: 6-8Distance: 3.4 mi
- 8/10Charles D Owen HighGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Black Mountain
- Middle: Charles D Owen
- High: Charles D Owen
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.
- $398,7002 bd1 ba1k sqft212 Portman Villa Rd, Black Mountain, NC 28711Off Market
- $470,8004 bd4 ba2k sqft212 Portmanvilla Rd, Black Mountain, NC 28711Off Market
- $327,0002 bd2 ba1k sqft212 Portman Villa Rd #B, Black Mountain, NC 28711Off Market
- $334,2002 bd1 ba1k sqft212 Portmanvilla Rd #A, Black Mountain, NC 28711Off Market
- $380,7002 bd3 ba1.1k sqft214 Portmanvilla Rd #A, Black Mountain, NC 28711Off Market
- $509,1004 bd6 ba2.3k sqft214 Portmanvilla Rd, Black Mountain, NC 28711Off Market
- $---- bd-- ba-- sqft214 Portman Villa Rd, Black Mountain, NC 28711Off Market
- $28,7003,049 Square Feet204 Portmanvilla Rd, Black Mountain, NC 28711Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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