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65 King Street Asheville, NC 28804

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Bed: 3
Bath: 2
Acreage: 0.25

$500,000

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Community: Asheville in Buncombe County

3 bed
2 bath
0.25 acres

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.

Presented by:
Andrew Lanteri at Nest Realty Asheville
Listed by:
Nest Realty Asheville

Attribution: [email protected]
Original Listing Price: 500,000
MLS #: ‍4423788
Listing Status: Active
Days on Market: 27
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2026-10-08 at 9:00PM. 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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Property Features

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Water: City
Year Built: 1937
Garage/Carport: Driveway
Heating/Cooling: Ductless
Cooling: Ductless
Basement/Foundation: Crawl Space
Roof: Composition
Sewer: Public Sewer
Subdivision: Jackson Park

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Schools

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  • High School: Asheville
  • Middle School: Asheville
  • Elementary School: Claxton
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