Versatile Multi-Family & Investment Opportunity in Waynesville ETJ
Discover a rare woodsy canvas near Chestnut Park offering the quiet charm of an established neighborhood alongside the immediate utility of city water and sewer. Situated just minutes from Downtown Waynesville and the Russ Avenue shopping corridor, this property delivers ideal accessibility combined with exceptional building freedom.
UNBEATABLE FLEXIBILITY
Existing Income: Includes two occupied long-term 1BR-1BA rental cottages (48 & 40 Lansing Rd).
Development Ready: Features an adjoining 0.33-acre flat, buildable lot.
Favorable Status: Medium-density zoning within the Waynesville Extra-Territorial Jurisdiction (ETJ) offers broad flexibility for manufactured, modular, site-built, or multi-family structures.
PRIME INVESTMENT POTENTIAL
Perfect setup to live in one unit while developing the vacant parcel, expand income-producing capacity, or execute a multi-unit project.
Essential municipal utilities (city water and sewer) are already on-site, significantly reducing initial build costs.
Active
$399,000
48-40 26 Lansing Rd, Waynesville, NC 28786
1beds
720sqft
Single Family Residence
Built in 1960
0.94 Acres Lot
$-- Zestimate®
$554/sqft
$-- HOA
What's special
- 2 days
- 182
- 21
Zillow last checked:
Listing updated:
Listed by:
Mark Zaffrann Mark.Zaffrann@allentate.com,
Howard Hanna Beverly-Hanks Waynesville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4440381
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bathroom full
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Electric Range, Electric Water Heater, Refrigerator
- Laundry: None
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 720
- Total interior livable area: 720 sqft
- Finished area above ground: 720
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Waterfront features: None
Lot
- Size: 0.94 Acres
- Features: Level, Wooded
Details
- Parcel number: 8606902599 ; 8606903423
- Zoning: RM
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Wired Internet Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Waynesville
Financial & listing details
- Price per square foot: $554/sqft
- Tax assessed value: $180,700
- Date on market: 11/4/2026
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2026 | Listed for sale | $399,000$554/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4440381 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: 28786
Nearby schools
Schools provided by the listing agent
- Elementary: Hazelwood
- Middle: Waynesville
- High: Tuscola
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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