$355,500
Est. Payment: $1,827/mo
Adjust down payment, rate & terms
49 Madison Ave, Asheville, NC 28801
Asheville, NC 28801
3
bedrooms
1
baths
1,445
sq.ft.
$246
price per sf
Presented By
Carnarri Cofield
REALTOR®
About This Property
Investment Opportunity: Prime Development Potential in the Heart of Asheville Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity or your Renovation Team. Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units. Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex. Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage. Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple. This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here. All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
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About the Neighborhood
Homes for sale in 28801 place buyers at the heart of Asheville's most celebrated and architecturally significant urban core, encompassing Downtown Asheville, the River Arts District, and the historic Montford neighborhood, one of the most intact collections of Victorian and Arts and Crafts architecture in the American Southeast. The residential landscape in Montford features exquisite Queen Anne, Colonial Revival, and Craftsman homes on tree-shaded streets within walking distance of Asheville's legendary Lexington Avenue arts corridor, the Grove Arcade, and a nationally recognized independent restaurant scene. The River Arts District along the French Broad River has transformed former industrial studios into one of the Southeast's most vibrant working artist communities, with dozens of galleries and creative businesses anchoring the zip code's southwestern edge. Mission Health's main hospital campus and a dense concentration of creative economy employers make 28801 a genuine live-work destination. The 28801 real estate market commands some of the highest valuations in Western North Carolina, driven by irreplaceable architectural inventory, walkability, and Asheville's sustained status as one of America's most visited mountain cities.
Property Features
Property Description
- Beds Total: 3
- Full Baths: 1
- Half Baths: 0
- Year Built: 1915
- Living Area: 1,445 sqft
- New Construction: No
- MLS #: 4394135
Additional Home Features
- Subdivision: Hillside Park
- Neighborhood: Hillside Park
Association
- HOA Required: No
Interior Features
- Heating: Heat Pump
- Cooling: Central Air
- None
Appliances
- None
Construction Materials
- Hardboard Siding
- Foundation: Basement
Cooling
- Central Air
Foundation Details
- Basement
Heating
- Heat Pump
Laundry Features
- None
Levels
- Two
Parking Features
- On Street
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: None, Paved
Sewer
- Public Sewer
WaterSource
- City
Fireplace
- Fireplace: Yes
Tax and Financial Info
- Listing Terms: Cash, Conventional
Location
LISTING COURTESY OF: BLUEBLAZE REAL ESTATE GROUP LLC
rhoke317@gmail.com
$355,500
Est. Payment: $1,827/mo
Adjust down payment, rate & terms
Asheville, NC 28801
3
bedrooms
1
baths
1,445
sq.ft.
$246
price per sf
Presented By
Carnarri Cofield
REALTOR®
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 Blueblaze Real Estate Group LLC
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.
$355,500
49 Madison Avenue
3 bed, 1 bath