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152 Tate Street, 
Waynesville, NC 28786

$595,000


6

Beds


4

Baths


4,028

Sq Ft


Multi-Family

Active

Listed by

Matthew Wells

Keller Williams Great Smokies

Last updated:

October 23, 2026, 11:44 AM

MLS#

4436155

Source:

CH

About This Home

152 Tate Street

INVESTMENT OPPORTUNITY IN THE HEART OF WAYNESVILLE! Ideally situated just minutes from downtown Waynesville, this all-brick quadplex offers an attractive combination of location, established rental history, and tremendous potential for increased income. The property features four spacious apartments, including two 2-bedroom units and two 1-bedroom units, offering a total of approximately 4,028 square feet of living space. Each unit has its own kitchen, living and dining areas, with select units featuring covered porches or decks. Currently occupied by established tenants, the property generates consistent rental income, with rents that are considerably below prevailing market rates, presenting an excellent opportunity for future revenue growth. Additional highlights include city water and sewer, convenient parking, and a desirable location near downtown shopping, dining, and everyday conveniences. Whether you're an experienced investor looking to expand your portfolio or entering the multifamily market for the first time, this property offers an opportunity to acquire a well-located income-producing asset with meaningful long-term upside. Location, existing income, and room to grow, 152 Tate Street checks all three boxes!

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1964

Subdivision & Development:

None

Price Summary

595,000

$147 per Sq. Ft.

MLS #:

4436155

Last Updated:

October 23, 2026, 11:44 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,028 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

4,028 Sq. Ft.

Year Built:

1964


Lot

Lot Size (Sq. Ft):

11,325


Finances & Disclosures

Finances

Price:

$595,000

Price per Sq. Ft:

$147 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.