Full of character and opportunity in the heart of Asheville, 117 Spears Avenue offers a unique chance to own a four unit property comprising two separate buildings, each featuring an upstairs and downstairs residence. With numerous recent updates throughout, the property is turnkey and ready for its next owners, creating an exciting opportunity for investors, multigenerational living, or an owner occupant looking to generate rental income. The first building offers a spacious 2 bedroom, 2 bath main-level unit (117-101) with an office, living room, dining room, kitchen, mudroom, front porch, and an ensuite bath. Upstairs, 117-201 is a 1 bedroom, 1 bath unit with its own kitchen and living room. The second building adds two more residences, with 119-101 offering 1 bedroom and 1 bath, along with additional storage, and 119-201 featuring 2 bedrooms and 1 bath. Set along an established residential street, the property combines a flexible four unit layout with a convenient in town Asheville location. Off street parking is available for residents of all four units, adding an especially valuable convenience to this centrally located property. Enjoy easy access to downtown Asheville, nearby restaurants, shopping, local businesses, and everyday amenities while maintaining the feel of a residential setting. Current rent roll and P&L available. With two buildings, four individual units, a total of 6 bedrooms and 5 baths, recent updates, and dedicated off street parking, 117 Spears Avenue presents a compelling opportunity for buyers looking to add a turnkey property to an investment portfolio, explore an owner occupied investment, or take advantage of the flexibility that multiple residences provide. A distinctive Asheville property offering versatility, location, and plenty of potential for its next chapter.
| MLS # | 4424401 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 49 |
| Listing Provided By | Nest Realty Asheville | Angie Cullen |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,307 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RM8 |
| Acreage | 0.21 |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard, Ductless |
| Appliances | Electric Oven, Electric Range, Refrigerator |
| Construction Materials | Wood |
|---|---|
| Foundation Details | Crawl Space |
| Lot Features | Level |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, On Street |
| List Aor | Land of The Sky Association of Realtors |
|---|
| Property | 358300 |
|---|
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Asheville |
| Elementary School | Asheville City |
| High School | Asheville |
| Listing VS Median (in 28801) | |
Price: $850,000 low | high Med: $739,000 sqft: 3,307 low | high Med: 1,655 $ / sqft: $257 low | high Med: $519 On site: 49 low | high Med: 113.5 | |
| State | NC |
|---|---|
| County | Buncombe |
| City | Asheville |
| Zip Code | 28801 |
| Area | Buncombe |
| School District | Asheville |
| Elementary School | Asheville City |
| High School | Asheville |
| Listing VS Median (in 28801) | |
Price: $850,000 low | high Med: $739,000 sqft: 3,307 low | high Med: 1,655 $ / sqft: $257 low | high Med: $519 On site: 49 low | high Med: 113.5 | |