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891 Haywood Rd 5 Unit Apartment Building $985,000 ($197,000/Unit) Asheville, NC 28806
Executive Summary
Positioned in the heart of West Asheville’s vibrant Haywood Road corridor, this charming 5-unit multifamily property offers investors a rare opportunity in one of Asheville’s most walkable and desirable neighborhoods. Residents are steps from Haywood Road’s restaurants, bars, breweries, galleries, retail, and everyday conveniences, supporting strong tenant demand and long-term rental appeal. The property features timeless charm and character, including a covered porch and balcony, along with ample on-site parking—an important advantage in this urban corridor. With existing income and upside potential to add a 6th unit, the asset presents a compelling value-add opportunity in a high-demand submarket.
Property Facts
| Price | $985,000 | Building Class | C |
| Price Per Unit | $197,000 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,300 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | CBI - Commercial, Business, Industrial | ||
| Price | $985,000 |
| Price Per Unit | $197,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,300 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | CBI - Commercial, Business, Industrial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 5 | - | 560 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 9638-05-4669-00000 | Improvements Assessment | $261,300 |
| Land Assessment | $297,100 | Total Assessment | $558,400 |
Property Taxes
Parcel Number
9638-05-4669-00000
Land Assessment
$297,100
Improvements Assessment
$261,300
Total Assessment
$558,400
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891 Haywood Rd