Rare multifamily opportunity in the heart of Waynesville: this 0.82-acre parcel features 8 residential rental units within walking distance of the central business district, South Main corridor, and the newly revitalized Waynesville Inn & Golf Club. The site includes a mix of detached cottages and duplex-style structures, offering below-market monthly income with future redevelopment potential. Current rents (7 of 8 units occupied) total $7,480/month, with a mix of one- and two-bedroom layouts. Units 1–3 rent between $850–$900/month, while Units 5–10 average $600–$825/month. Unit 4 rents for $275 and Unit 12 for $550, providing upside in future rent increases. Unit 7 is currently vacant, and Unit 11 is not habitable due to prior flood damage. Roofs are aged, and updates are needed, but many units are serviceable as-is. Tenants are on month-to-month agreements, giving flexibility for repositioning or redevelopment. Zoned for residential and multifamily use (South Main Business District Commercial) this location offers convenient access to downtown shops, Haywood Regional Hospital, Ingles, Walmart, and local transit. The flat topography and public utilities make future site planning simpler. Then adjoining 0.709-acre parcel with commercial frontage and additional rental units is also available, creating an assembled 1.53-acre redevelopment site in one of Waynesville's most active corridors. Combine both to unlock density, access, and long-term value. Units sold as-is. Do not disturb tenants. Showings available by appointment only.