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  • $1,317,500

    45 Indian River Rd, Hendersonville, NC 28791

    2beds
    14,040sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $94/sqft
    $1,467 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,467/mo

    Zestimate® history
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    $7,523/mo

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    What's special

    Quality constructionMeticulous maintenanceSpacious unitsGently sloping terrainDesirable living spaceAmple parkingBright sunrooms
    This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units—totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that sets this property apart from typical multifamily offerings. Each building has been thoughtfully cared for and updated as needed over the years, reflecting the owner’s commitment to maintaining the property at the highest standard. The complex is fully connected to city water and city sewer and enjoys an ideal location just minutes from downtown Hendersonville, major retail, restaurants, and medical facilities, making it highly attractive to long-term renters. With consistent occupancy, low turnover, and proven rental history, this property provides an outstanding opportunity for both seasoned investors and those seeking to expand their portfolio with a stable, income-producing asset in one of Western North Carolina’s most desirable markets. The setting offers a balance of privacy and accessibility, with gently sloping terrain, paved access, and ample parking for residents. Each unit’s design emphasizes livability, featuring open-concept layouts, well-equipped kitchens, comfortable bedrooms, and bright sunrooms perfect for year-round enjoyment. The property’s thoughtful design—with only four units per building—ensures a sense of community while maintaining individual privacy and appeal. Opportunities like this rarely come available—an entire 12-unit complex in excellent condition, located in a strong rental market with city utilities, and ideal for investors seeking a well-maintained, turnkey property in a prime Hendersonville location.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Noah George noahcgeorge@gmail.com,

    George Real Estate Group Inc

    Bought with:

    Noah George

    George Real Estate Group Inc

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4305685MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 24
    Heating
    • Heat Pump
    Cooling
    • Central Air, Wall Unit(s)
    Appliances
    • Included: Dishwasher, Electric Cooktop, Electric Oven
    • Laundry: In Unit
    Features
    • Has basement: No
    Interior area
    • Total structure area: 14,040
    • Total interior livable area: 14,040 sqft
    • Finished area above ground: 14,040
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Parking Lot, Parking Space(s)
    Lot
    • Size: 1.60 Acres
    • Features: Green Area, Level, Paved, Wooded
    Details
    • Parcel number: 100705
    • Zoning: R-15
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick Partial, Vinyl
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City

    Community & neighborhood

    Location
    • Region: Hendersonville

    Other

    Other facts
    • Road surface type: Concrete, Paved

    Price history

    DateEventPrice
    5/14/2026Sold$1,317,500-42.7%$94/sqft
    Source: Canopy MLS as distributed by MLS GRID #4305685 Report a problem
    10/22/2025Listed for sale$2,300,000$164/sqft
    Source: Canopy MLS as distributed by MLS GRID #4305685 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,083 $783,600
    2024$4,083 $783,600
    2023$4,083 -16.5%$783,600 +5.9%
    2022$4,891 $739,900
    2021-- $739,900
    2020$4,891 $739,900
    2019$4,891 $739,900 +6.5%
    2018$4,891 +6.6%$695,000
    2017$4,587 $695,000
    2016-- $695,000
    2015-- $695,000 +5%
    2014-- $662,100
    2012-- $662,100
    2011-- $662,100 -15.3%
    2010-- $782,000
    2009-- $782,000
    2008-- $782,000
    2007-- $782,000 +14.2%
    2006-- $684,700
    2005-- $684,700

    Find assessor info on the county website

    Neighborhood: Balfour

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Bruce Drysdale
    • Middle: Hendersonville
    • High: Hendersonville

    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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