Under contract-show

Price cut: $51K (5/14)

$1,449,000

50 & 52 Smith Rd, Leicester, NC 28748

16beds

7,732sqft

$8,621/mo

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Multi Family

Built in 2004

-- sqft lot

$1,330,800 Zestimate^®

$187/sqft

$-- HOA

What's special

Own washer and dryer

This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. This tranquil setting is unique, makes the apartments more desirable, and drives interest. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

123 days

16

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 16
Full bathrooms: 16

Heating

Electric, Heat Pump

Cooling

Heat Pump

Appliances

Included: Dishwasher, Electric Range, Refrigerator, Washer/Dryer
Laundry: In Unit

Features

Flooring: Vinyl
Has basement: No

Interior area

Total structure area: 7,732
Total interior livable area: 7,732 sqft
Finished area above ground: 7,732
Finished area below ground: 0

Property

Parking

Parking features: Parking Lot, Parking Space(s)

Features

Stories: 2
Patio & porch: Deck
Has view: Yes
View description: Mountain(s)

Lot

Size: 1.9 Acres
Features: Green Area

Details

Additional structures: Shed(s)
Additional parcels included: 9619-36-1753
Parcel number: 9619361865
Zoning: OU
Special conditions: Subject to Lease

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Vinyl
Foundation: Crawl Space
Roof: Composition

Condition

New construction: No
Year built: 2004

Utilities & green energy

Sewer: Septic Installed
Water: Well
Utilities for property: Cable Connected, Electricity Connected

Community & HOA

Community

Subdivision: None

Location

Region: Leicester

Financial & listing details

Price per square foot: $187/sqft
Tax assessed value: $1,083,400
Date on market: 4/6/2026
Cumulative days on market: 123 days
Tenant pays: All Except Water
Electric utility on property: Yes
Road surface type: Asphalt, Paved

Estimated market value

$1,330,800

$1.26M - $1.40M

$1,583/mo

Price history

Date	Event	Price
5/14/2026	Price change	$1,449,000-3.4%$187/sqft
Source: Canopy MLS as distributed by MLS GRID #4357331 Report a problem
4/6/2026	Listed for sale	$1,500,000$194/sqft
Source: Canopy MLS as distributed by MLS GRID #4357331 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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