$500,000
65 King St, Asheville, NC 28804
3 bed · 0 bath · 1,392 sq ft
3
bedrooms
N/A
baths
1,392
sq.ft.
$359
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
Excellent investment opportunity in a prime Asheville location! 65 King Street offers two separate rental units within walking distance of UNCA, the Reed Creek Greenway, and Downtown Asheville. Both units are currently occupied by long-term tenants, providing an attractive opportunity for an investor seeking stable, established rental income. Unit A features 2 bedrooms and 1 bath and currently rents for $1,450/month. Unit B offers 1 bedroom and 1 bath and currently rents for $1,700/month. Both tenants are currently under lease through summer 2027 and have expressed interest in extending their leases, subject to the next owner's approval. The property has also benefited from significant recent improvements, including new decks, siding, windows, and HVAC systems in early 2025. Both units have upgraded electrical panels, and separate utility submeters and hot water heaters, allowing tenants to be billed directly for utilities. The metal roof was installed in 2017, and ongoing interior maintenance has included fresh paint, floor refinishing, and other routine updates. With two established rental units, reliable long-term tenants, recent improvements, and an unbeatable location close to UNCA, greenways, and Downtown Asheville, 65 King Street is an excellent opportunity to add a turnkey, income-producing property to your portfolio.
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About the Neighborhood
Looking for the perfect Residential Income in Asheville? The 28804 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: 3
- Stories: 1
- Year Built: 1937
- Living Area: 1,392 sqft
- New Construction: No
- MLS #: 4423788
Additional Home Features
- Subdivision: Jackson Park
- Neighborhood: Jackson Park
Association
- HOA Required: No
Interior Features
- Heating: Ductless
- Cooling: Ductless
- In Unit
- Main Level
Appliances
- Electric Range
- Refrigerator
Construction Materials
- Vinyl
- Foundation: Crawl Space
- Roof: Composition
Cooling
- Ductless
Foundation Details
- Crawl Space
Heating
- Ductless
Laundry Features
- In Unit
- Main Level
Parking Features
- Driveway
Pets Allowed
- Yes
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Gravel, Paved
Sewer
- Public Sewer
WaterSource
- City
Tax and Financial Info
- Listing Terms: Cash, Conventional, Private
Location
Similar homes nearby
LISTING COURTESY OF: NEST REALTY ASHEVILLE
andrew@andrewlanterigroup.com
$500,000
Est. Payment: $2,570/mo
Adjust down payment, rate & terms
Asheville, NC 28804
3
bedrooms
N/A
baths
1,392
sq.ft.
$359
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 Nest Realty Asheville
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.