Asheville's most desirable and rapidly growing areas. Whether you're looking to expand your real estate portfolio, purchase your first investment, or secure a home with long-term appreciation potential, this property offers an outstanding opportunity. Ideally located just minutes from downtown Asheville, River Arts District, breweries, restaurants, shopping, and major employers, this home combines convenience with strong rental appeal. The property has a proven history of generating income and offers excellent potential for continued cash flow or future value appreciation. The functional floor plan, low-maintenance lot, and prime location make this an attractive option for both long-term tenants and owner-occupants seeking an affordable Asheville home. Investors will appreciate the opportunity to capitalize on Asheville's continued demand for quality housing in a sought-after neighborhood.
Whether you're searching for a rental property, investment home, cash-flow opportunity, or a property with room for future equity growth, 40 Mulberry Street checks all the boxes. Rare opportunities like this in Asheville don't last long.
Active
$329,000
40 Mulberry St, Asheville, NC 28804
2beds
879sqft
Single Family Residence
Built in 1955
0.17 Acres Lot
$320,600 Zestimate®
$374/sqft
$-- HOA
What's special
Low-maintenance lotFunctional floor plan
- 27 days |
- 390 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Shane Surratt shane@ijbproperties.com,
Ivester Jackson Blackstream
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4405091
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator, Washer
- Laundry: In Kitchen
Features
- Flooring: Tile, Wood
- Doors: Insulated Door(s)
- Windows: Insulated Windows
- Has basement: No
Interior area
- Total structure area: 879
- Total interior livable area: 879 sqft
- Finished area above ground: 879
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch
Lot
- Size: 0.17 Acres
Living quarters
- Secondary features: None
Details
- Parcel number: 973072121900000
- Zoning: R-7
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Asheville
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $136,900
- Annual tax amount: $1,437
- Date on market: 7/19/2026
- Cumulative days on market: 27 days
- Listing terms: Cash,Conventional
- Road surface type: Gravel
Estimated market value
$320,600
$305,000 - $337,000
$1,752/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Listed for sale | $329,000+342.8%$374/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4405091 Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/20/2023 | Listed for rent | $1,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/20/2022 | Listed for rent | $1,500$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/24/2015 | Sold | $74,300-2.9%$85/sqft |
Source: Canopy MLS as distributed by MLS GRID #NCM586709 Report a problem | ||
| 8/2/2015 | Pending sale | $76,500$87/sqft |
Source: Shelton Properties #586709 Report a problem | ||
| 7/29/2015 | Price change | $76,500-10%$87/sqft |
Source: Shelton Properties #586709 Report a problem | ||
| 6/11/2015 | Listed for sale | $85,000+68.7%$97/sqft |
Source: Shelton Properties #586709 Report a problem | ||
| 6/2/2014 | Sold | $50,400$57/sqft |
Source: Public Record Report a problem | ||
| 5/12/2014 | Price change | $50,400-31%$57/sqft |
Source: Auction.com Report a problem | ||
| 4/24/2014 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 9/17/2009 | Sold | $73,000-18.8%$83/sqft |
Source: Public Record Report a problem | ||
| 4/29/2009 | Listing removed | $89,900$102/sqft |
Source: Listhub #434663 Report a problem | ||
| 4/6/2009 | Price change | $89,900-10%$102/sqft |
Source: Listhub #434663 Report a problem | ||
| 3/2/2009 | Listed for sale | $99,900-8.3%$114/sqft |
Source: Listhub #434663 Report a problem | ||
| 9/27/2006 | Sold | $109,000+24.6%$124/sqft |
Source: Public Record Report a problem | ||
| 10/9/2003 | Sold | $87,500+118.8%$100/sqft |
Source: Public Record Report a problem | ||
| 7/15/2003 | Sold | $40,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,437 +6.8% | $136,900 |
| 2024 | $1,346 +5.3% | $136,900 |
| 2023 | $1,279 +1.1% | $136,900 |
| 2022 | $1,265 | $136,900 |
| 2021 | $1,265 +7.3% | $136,900 +11.4% |
| 2020 | $1,179 | $122,900 |
| 2019 | $1,179 | $122,900 |
| 2018 | $1,179 +5.5% | $122,900 +36% |
| 2017 | $1,117 -1.1% | $90,400 |
| 2016 | $1,129 +23.8% | $90,400 |
| 2015 | $912 | $90,400 |
| 2014 | $912 | $90,400 |
| 2013 | -- | $90,400 +12.7% |
| 2012 | -- | $80,200 |
| 2011 | -- | $80,200 |
| 2010 | -- | $80,200 +1.3% |
| 2009 | -- | $79,200 |
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: 28804
Nearby schools
GreatSchools rating
- 2/10Woodfin ElementaryGrades: K-5Distance: 0.6 mi
- 6/10Clyde A Erwin Middle SchoolGrades: 7-8Distance: 3 mi
- 2/10Clyde A Erwin HighGrades: PK,9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Woodfin/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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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