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41 Panola Street Asheville, NC 28801

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Bed: 5
Bath: 4
Acreage: 0.28

$799,000

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Community: Montford in Asheville

5 bed
4 bath
0.28 acres

Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? **Please do not walk the property unless the listing agent confirms the buyer's agent's appointment requests. Listing agent will accompany at showings. 24-hour+ notice is a must. Pre-approval or proof-of-funds needed prior to confirming showings.**

Presented by:
Lorraine Silverman at Town and Mountain Realty
Listed by:
Town and Mountain Realty

Attribution: [email protected]
Original Listing Price: 799,000
MLS #: ‍4406063
Listing Status: Active
Days on Market: 25
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2026-10-07 at 3:15AM. 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.

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Directions: From I-240 at Montford exit, follow Montford Ave about 0.8 mile to Right on Panola. Home is on the left in appx 0.1 mile.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

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Property Features

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Water: City
Year Built: 1903
Community Features: Other
Basement/Foundation: Basement
Subdivision: Montford
Sewer: Public Sewer
Style: Colonial,Other
Interior Features: Entrance Foyer
Floors: Carpet,Vinyl,Wood
Roof: Architectural Shingle
Exterior Features: Fire Pit,Lawn Maintenance
Cooling: Ceiling Fan(s),Window Unit(s)
Heating/Cooling: Natural Gas,Other - See Remarks
Lot Description: Green Area,Level,Private,Wooded
Garage/Carport: Driveway,On Street,Parking Space(s),Shared Driveway

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Schools

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  • High School: Asheville
  • Middle School: Asheville
  • Elementary School: Asheville City
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