295 E Chestnut St - Apartments FOR SALE


Asheville, NC 28801- Charlotte Street | 
$1,095,000 USD
828-281-4024
295 E Chestnut St, Asheville, NC for Sale
$1,095,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

295 E Chestnut St
Asheville, NC 28801
Charlotte Street


HIGHLIGHTS

  • 100% Occupied 6-Unit Multifamily Property featuring four 1-bedroom units and two studio apartments.
  • Renovated with substantial kitchen and bathroom updates
  • Prime North Asheville Location approximately 1 mile from downtown Asheville on a quiet, tree-lined residential street.
  • Walkable to Restaurants, Retail & Grocers, with Trader Joe’s, Harris Teeter and Whole Foods approximately ½ mile away.
  • Convenient Access & On-Site Parking with easy access from Charlotte Street and I-240, plus rear gravel parking.
  • Well-Maintained Building Improvements including a roof replaced in 2015, wood siding replaced in 2014, and new gutters installed in 2026.

OVERVIEW

Rare opportunity to acquire a fully occupied, extensively renovated 6-unit multifamily property in desirable North Asheville. Located on a quiet, tree-lined residential street, 295 E. Chestnut Street is approximately one mile from downtown Asheville and within easy walking distance of restaurants, retail and neighborhood amenities. Trader Joe’s, Harris Teeter and Whole Foods are all within approximately ½ mile. The property features four 1-bedroom and two studio apartments, ample on-site parking, individual electric meters and substantial kitchen and bathroom updates. Convenient access to Charlotte Street and I-240 further enhances the location. A compelling opportunity for investors seeking an established, income-producing Asheville multifamily asset.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

6

PRICE/UNIT

$182,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM16

APN/PARCEL ID

9649-63-5055-00000

ASK ABOUT THIS PROPERTY

John MenkesG/M Property GroupMore Info
828-281-4024

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John MenkesG/M Property GroupMore Info
828-281-4024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.