Positioned just minutes from downtown Asheville, this rare four-unit portfolio offers exceptional flexibility for investors seeking an established short-term rental opportunity in one of Western North Carolina's strongest tourism markets. Comprised of a duplex constructed in 1973 and two independent cottages constructed in the mid-1990s, the property provides four separate accommodations and multiple income streams while allowing for flexible rental strategies, owner occupancy, or a combination of personal use and investment.
Guests enjoy convenient access to downtown Asheville, the River Arts District, the Biltmore Estate, the Blue Ridge Parkway, breweries, restaurants, and the area's renowned outdoor recreation, supporting consistent year-round demand. Each residence offers private accommodations designed to creating a diverse guest experience that broadens booking potential.
Offered fully furnished and operating as a successful short-term rental portfolio, the property allows for a seamless transition to its next owner while presenting opportunities to further enhance the guest experience over time. With four independent accommodations across two parcels, this is a rare opportunity to acquire a scalable Asheville investment offering flexibility, diversification, and long-term appeal in one of Western North Carolina's most established vacation rental markets.
Active
$1,600,000
27-29 Brown Rd #31-A/B, Asheville, NC 28806
6beds
3,440sqft
Multi Family
Built in 1973
-- sqft lot
$1,462,500 Zestimate®
$465/sqft
$-- HOA
What's special
Offered fully furnishedPrivate accommodationsFour separate accommodations
- 69 days
- 304
- 12
Zillow last checked:
Listing updated:
Listed by:
Tyler Coon tyler@savvy.realty,
EXP Realty LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4406408
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Washer/Dryer
- Laundry: Laundry Room
Features
- Has basement: No
- Fireplace features: Living Room
Interior area
- Total structure area: 3,440
- Total interior livable area: 3,440 sqft
- Finished area above ground: 3,440
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Shared Driveway
- Has uncovered spaces: Yes
Features
- Patio & porch: Covered, Deck
- Spa features: Heated
Lot
- Size: 1.13 Acres
Details
- Additional parcels included: 962618529400000
- Parcel number: 962618530100000
- Zoning: R-3
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Installed
- Water: City, Shared Well
Community & HOA
Location
- Region: Asheville
Financial & listing details
- Price per square foot: $465/sqft
- Tax assessed value: $544,600
- Date on market: 7/24/2026
- Cumulative days on market: 69 days
- Listing terms: Cash,Conventional,FHA
- Tenant pays: Other
- Road surface type: Gravel, Paved
Estimated market value
$1,462,500
$1.39M - $1.55M
$1,998/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $1,600,000$465/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





