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2147 Brevard Road, 
Arden, NC 28704

$2,800,000

—

Bed

—

Bath

12,372

Sq Ft

Multi-Family

Active

Listed by

John Menkes

, 

Jeremy Goldstein

G/M Property Group

Last updated:

March 1, 2026, 02:32 PM

MLS#

4345037

Source:

CH

About This Home

2147 Brevard Road

This 10-unit multifamily asset in South Asheville features five townhome-style duplexes, each on a separate tax parcel—creating rare flexibility for condo conversion, individual resale or short-term rentals providing multiple monetization paths. The property is 100% occupied with a strong unit mix of two 3BR/2BA and eight 2BR/1.5BA units, currently achieving rents 20–25% below market. Low operating expenses, strong in-place cash flow, and future sewer connectivity offering development potential position this as a compelling value-add investment in a high-growth submarket. See attached brochure.

Home Facts

Multi-Family

Built in 1998

Price Summary

2,800,000

$226 per Sq. Ft.

MLS #:

4345037

Last Updated:

March 1, 2026, 02:32 PM

Rooms & Interior

Interior

Living Area:

12,372 Sq. Ft.

Structure

Structure

Building Area:

12,372 Sq. Ft.

Year Built:

1998

Lot

Lot Size (Sq. Ft):

124,146

Finances & Disclosures

Finances

Price:

$2,800,000

Price per Sq. Ft:

$226 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.