37 Water Street
Asheville, NC 28801
4
Bed
4
Bath
2,244Sqft
0.10Acre(Lot)
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history—not new construction—and there remains opportunity for additional TLC and improvements over time. The combination of existing re
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 4Bathroom Information
Full Baths: 4Room Information
Has Basement: YesInterior Features
Appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator Laundry Features: In Basement -
Flooring Information
Flooring: Vinyl, Wood Construction Materials: Wood -
Heating & Cooling
Heating: Baseboard Cooling: Window Unit(s) WaterSource: City
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Building Information
Year Built: 1925
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Lot Information
Lot Dimensions: 45 × 100 feet Lot Size Area: 0.103 acreProperty Information
Property Type: Residential Income Sub Type: Fourplex
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Listing Price Information
Original List Price:$570000
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Tax Information
Tax Assessed Value: 303300 Parcel Number: 9648-23-1399-00000
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Parking Information
Parking Space(s)
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School Information
Elementary School: Unspecified Junior High School: Unspecified Senior High School: Unspecified -
Utility Information
Cable Available, Natural Gas Sewer: Public Sewer Water Source: City -
Location Information
Subdivision: none City: Asheville Direction: Directions from Central/Downtown Asheville: From Patton Avenue, turn south onto South French Broad Avenue. Continue approximately 1.1 miles. Turn left onto Livingston Street, then right onto Hibernia Street. Take the second turn onto Water Street and turn left. Continue to 37 Water Street; property will be on the left.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 322 Windswept Drive, Asheville, NC, 28801 | $1,850,000 | 3 | 4 | 2,948 | 2,948 SqFt |
| 240 S Beaumont Street, Asheville, NC, 28801 | $449,000 | 2 | 3 | 1,580 | 1,580 SqFt |
| 21 Clemmons Street, Asheville, NC, 28801 | $479,000 | 3 | 2 | 1,231 | 1,231 SqFt |
| 86 Edgemont Road, Asheville, NC, 28801 | $3,500,000 | 12 | 13 | 8,357 | 8,357 SqFt |
| 11 Von Ruck Court, Asheville, NC, 28801 | $639,000 | 4 | 2 | 1,770 | 1,770 SqFt |
| 74 Arlington Street, Asheville, NC, 28801 | $375,000 | 3 | 1 | 1,238 | 1,238 SqFt |
| 67 Cherokee Road, Asheville, NC, 28801 | $998,500 | 4 | 2 | 2,264 | 2,264 SqFt |
| 23 Tuskeegee Street, Asheville, NC, 28801 | $629,000 | 3 | 4 | 2,201 | 2,201 SqFt |
| 55 Edgemont Road, Asheville, NC, 28801 | $1,720,000 | 5 | 6 | 4,261 | 4,261 SqFt |
| 8 Birdhouse Row, Asheville, NC, 28801 | $945,000 | 4 | 6 | 3,396 | 3,396 SqFt |
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Based on information submitted to the MLS GRID as of 08/27/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
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ByOwner last updated this listing 08/27/2026 @ 06:20
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