49 Madison Avenue
Asheville, NC 28801
3
Bed
1
Bath
1,445Sqft
0.14Acre(Lot)
Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!! 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. The Value is there!! With great potential to Build More homes!! 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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Has Basement: YesInterior Features
Appliances: None Laundry Features: None -
Flooring Information
Construction Materials: Hardboard Siding -
Heating & Cooling
Heating: Heat Pump Cooling: Central Air WaterSource: City
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Building Information
Year Built: 1915
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Lot Information
Lot Size Area: 0.14 acreProperty Information
Property Type: Residential Sub Type: Single Family Residence
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Listing Price Information
Original List Price:$369900
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Tax Information
Tax Assessed Value: 509100 Parcel Number: 9649-53-2913-00000
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Parking Information
On Street
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School Information
Elementary School: Claxton Junior High School: Asheville Senior High School: Asheville -
Utility Information
Sewer: Public Sewer Water Source: City -
Location Information
Subdivision: Hillside Park City: Asheville Direction: GPS is accurate.
How much is this property worth?
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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 | $499,999 | 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 08/15/2026 @ 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 08/15/2026 @ 06:20
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