$279,000
119 Fairfax Ave, Asheville, NC 28806
4 bed · 0 bath · 1,789 sq ft
4
bedrooms
N/A
baths
1,789
sq.ft.
$156
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
**Prime West Asheville Location + Income & Development Potential!** Welcome to 119 Fairfax, ideally located just off Haywood Road in the heart of **West Asheville and just minutes from Downtown Asheville**. This classic early-1900s duplex sits on an **oversized RM-8 zoned lot**, offering a rare combination of location, rental income potential, renovation opportunity, and future development possibilities. The existing duplex offers two potential income-producing units. The upper level features a spacious **3-bedroom, 1-bath layout ready for remodeling**, while the lower-level **1-bedroom, 1-bath unit has been recently renovated** and is move-in ready, with a recent lease at **$1,250/month**per apartment. There are multiple ways to envision this property. **Update and renovate the existing duplex**, creating an attractive income-producing property in one of Asheville's most desirable areas—or explore the potential to **redevelop the property entirely**, taking advantage of the large lot and RM-8 zoning. Depending on applicable zoning requirements, site conditions, access, setbacks, parking, and City approvals, the property may offer potential for **additional residential development or more than one structure**. For an investor, the existing duplex provides an opportunity to generate rental income while evaluating future options. For a developer, the **oversized RM-8 lot in such a close-in West Asheville location** presents an opportunity worth exploring. Enjoy being just minutes from **Haywood Road, West Asheville's restaurants, breweries, shops, and entertainment, as well as Downtown Asheville**. Properties offering this combination of location, lot size, existing income potential, and development possibilities are increasingly difficult to find. **Renovate it. Reimagine it. Redevelop it. The possibilities at 119 Fairfax are worth exploring.** Buyers should independently verify all zoning, density, development, access, parking, and building possibilities with the City of Asheville. To see photos of when it was occupied see Residential multi unit number 4365834 withdrawn.
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About the Neighborhood
Looking for the perfect Residential Income in Asheville? The 28806 zip code offers a unique blend of local amenities, convenient transit, and community charm, making it a fantastic area to call home. Reach out to learn more about the local real estate market in this specific neighborhood.
Property Features
Property Description
- Beds Total: 4
- Year Built: 1909
- Living Area: 1,789 sqft
- New Construction: No
- MLS #: 4424832
Additional Home Features
- Subdivision: Galax Park
- Neighborhood: Galax Park
Association
- HOA Required: No
Utilities
- Cable Available
- Electricity Connected
Interior Features
- Heating: Oil
- Cooling: Window Unit(s)
- Common Area
- In Basement
Appliances
- Electric Range
- Refrigerator
Construction Materials
- Asbestos
- Vinyl
- Foundation: Basement
- Roof: Composition
Cooling
- Window Unit(s)
Foundation Details
- Basement
Heating
- Oil
Laundry Features
- Common Area
- In Basement
Parking Features
- Driveway
- On Street
- Parking Space(s)
Exterior Features
- Patio/Porch: Covered, Front Porch, Patio
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Concrete, Dirt, Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Architectural Style
- Bungalow
Flooring
- Concrete
- Laminate
- Linoleum
- Vinyl
Fireplace
- Fireplace: No
Tax and Financial Info
- Listing Terms: Cash
Location
Similar homes nearby
LISTING COURTESY OF: MOSAIC COMMUNITY LIFESTYLE REALTY
Joseph@mymosaicrealty.com
$279,000
Est. Payment: $1,434/mo
Adjust down payment, rate & terms
Asheville, NC 28806
4
bedrooms
N/A
baths
1,789
sq.ft.
$156
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Mosaic Community Lifestyle Realty
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.