Active

5 Main Street

Asheville, NC 28803

$517,000 $2,179/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2,080

Sqft

0.22

Acre(Lot)

Description

Income-Producing Property with Development Potential in Prime Asheville Location 5 Main Street presents a compelling opportunity for investors and developers seeking immediate cash flow with future upside. Ideally positioned near Biltmore Village and the rapidly evolving Swannanoa River corridor, this property combines proven rental performance with additional development potential. The home features a fully renovated (2021) lower level configured as a private studio apartment with both interior and exterior access—ideal for homestay or monthly rental use. This space highlights original 100-year-old exposed brick with distinctive arched window details, creating a unique and highly marketable aesthetic. The studio includes a bedroom area, full bath with antique clawfoot tub, independent m ini-split HVAC, updated electrical, and a living area with a built-in projector for a 90-inch display. Interior and exterior French drains were installed prior to Hurricane Helene and performed as designed. The main level offers additional rental or owner-occupant flexibility, featuring hardwood floors, 9-foot ceilings, a brick fireplace, and custom built-ins. Don’t forget to check out the custom built-in breakfast nook/table that’s not featured in the photo gallery! A covered front porch enhances tenant appeal and livability. The upstairs is also serviced by a natural gas heating and air conditioning system installed in 2021, providing efficient and reliable climate control. Proven Income History: The property has been consistently operated as a furnished monthly rental with strong occupancy. Rental records available upon request. (RM8 Zoned = Duplexes are permissible if desired) Location Advantage: Walkable to Biltmore Village (approx. 10 minutes) and in close proximity to the planned Hellbender Concert Venue along the Swannanoa River Greenway—an area poised for continued growth and investment. Easy transit access provides a direct route to downtown Asheville in approximately 10 minutes. Development Upside: The lot is zoned and sized to potentially allow subdivision of the rear portion into an additional “flag lot”—offering the opportunity to add another unit, expand density, or pursue resale of a separate parcel. Owner will accept a scenario in which buyer agrees to purchase home with back “flag lot” divided off. This scenario would require the acceptance of a shared driveway easement to allow future access to “flag lot”. Buyer to verify all subdivision feasibility, zoning, and permitting. Tenant in place through end of July; showings by appointment only. Owner is willing to sell home fully furnished as part of a separate furniture transaction. Items that will not convey and that will not be available as part of a separate furniture transaction include: 1) Lexington Glass pendant lights (base fixture and hardware will convey). 2) vintage refrigerator.

Property Details

Property Type : Residential

Price : $517,000

AD Id : 77761152

MLS Id : CAR4373261

Beds : 3

Lot Size : 0.22 Acre

Living Area Size : 2,080

Year Built : 1926

County : Buncombe

Subdivision: Alta Vista

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedroom: 3

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes

Interior Features

Roof: Aluminum Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator Laundry Features: Common Area, Electric Dryer Hookup, In Basement, Washer Hookup

Roofing Information

Aluminum
Flooring Information

Construction Materials: Vinyl
Heating & Cooling

Heating: Natural Gas Cooling: Central Air, Ductless WaterSource: City

Building Information

Year Built: 1926

Lot Information

Lot Size Area: 0.22 acre

Property Information

Property Type: Residential Sub Type: Single Family Residence

Listing Price Information

Original List Price:$517000

Tax Information

Tax Assessed Value: 278500 Parcel Number: 9657-19-0907-00000

Parking Information

Driveway

School Information

Elementary School: Unspecified Junior High School: AC Reynolds Senior High School: AC Reynolds
Utility Information

Sewer: County Sewer Water Source: City
Location Information

Subdivision: Alta Vista City: Asheville Direction: From Brook Street in Biltmore Village turn left. Go .8 miles and turn right onto Main Street. House is the 4th house on the right.

Sell a home like this and save $30,521 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
9999 Cedar Hill Drive #12, Asheville, NC, 28803	$4,995,000	4	4	5,316	5,316 SqFt
35 Chesten Mountain Drive, Asheville, NC, 28803	$899,000	4	5	2,600	2,600 SqFt
22 Chesten Mountain Drive, Asheville, NC, 28803	$1,735,000	4	5	3,084	3,084 SqFt
19 Angler Trail, Asheville, NC, 28803	$975,000	6	4	3,455	3,455 SqFt
61 Village Pointe Lane, Asheville, NC, 28803	$925,000	4	4	3,012	3,012 SqFt
69 Village Pointe Lane, Asheville, NC, 28803	$1,450,000	3	4	2,661	2,661 SqFt
77 Village Pointe Lane, Asheville, NC, 28803	$1,375,000	4	3	4,048	4,048 SqFt
36 Snowshoe Drive, Asheville, NC, 28803	$889,000	3	3	3,437	3,437 SqFt
29 Gardner Drive, Asheville, NC, 28803	$1,875,000	4	3	2,063	2,063 SqFt
99999 Merrills Cove Roa.., Asheville, NC, 28803	$1,995,000	3	1	--

Similar Homes To 5 Main Street

Nearby For Sale

Active

$1,200,000

Home For Sale

0000 New Leicester Highway,
Asheville, NC, 28806

Bed

Bath

Sqft

Acres(Lot)

99999 Merrills Cove Road #1 3,
Asheville, NC, 28803

Bed

Bath

Acres(Lot)

87 Glendale Avenue,
Asheville, NC, 28803

Bed

Bath

Sqft

Acre(Lot)

104 Maney Avenue,
Asheville, NC, 28804

Bed

Bath

Sqft

Acre(Lot)

108 Lakewood Drive,
Asheville, NC, 28803

Bed

Bath

2,271

Sqft

1.38

Acres(Lot)

Disclaimer: The information being provided courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the CAROLINA (Canopy MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of CAROLINA (Canopy MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/17/2026 @ 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.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for Consumer use of IDX Listings Disclaimer

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/17/2026 @ 06:20. 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Click here for DMCA Notice

DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/17/2026 @ 06:20

MLS: CAROLINA #4373261 LISTED BY: Michael Stratton, Wander Wagon Tours & Realty 828-734-0406 SOURCE: CAROLINA (Canopy MLS) (Listings courtesy of CAROLINA (Canopy MLS) as distributed by MLS GRID)