37 Water ST, Asheville, NC 28801
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37 Water ST, Asheville, NC 28801
37 Water ST, Asheville, NC 28801
37 Water ST, Asheville, NC 28801
37 Water ST, Asheville, NC 28801
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Melissa Young

Melissa Young

+1(704) 877-3354
$ 540,000
Est. payment /mo
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Active

37 Water ST Asheville, NC 28801

4,486 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type None

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4417990

Construction Status Completed

Year Built 1925

Lot Size 4,486 Sqft

Acres 0.103

Lot Dimensions 45 × 100 feet

Property Sub-Type None

Property Description

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 rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.

Location

State NC

County Buncombe

Zoning RS8

Rooms

Basement Dirt Floor

Interior

Heating Baseboard

Cooling Window Unit(s)

Flooring Vinyl, Wood

Inclusions Building, Fixtures, Land

Appliance Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator

Exterior

Utilities Available Cable Available, Natural Gas

Street Surface Paved

Porch Front Porch, Porch, Rear Porch

Total Parking Spaces 3

Building

Dwelling Type Site Built

Foundation Basement

Sewer Public Sewer

Water City

Structure Type Wood

New Construction false

Construction Status Completed

Others

Senior Community false

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Special Listing Condition None

© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Peter Lorenz • Keller Williams Professionals • peterlorenz@kw.com

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Melissa Young
Melissa Young

NC Broker / SC Salesperson License ID: SC96227 NC290027

+1(704) 877-3354

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37 Water ST

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