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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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65 King St , Asheville, NC 28804
$500,000
Est. Payment: $2,810.02/mo
3 Bed
2 Bath
1392 Sqft
0.25 Acres
Status: active | Days on site: 10
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NCM33310 - 548509739
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Terri Bias
Operator/Brokerage Owner

House Description

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.

Highlights

Listed by Andrew Lanteri , 203-260-7848 Nest Realty Asheville , 828-318-8313. Canopy MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1937

County

Buncombe

Neighborhood

Jackson Park

Listing ID

4423788

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Range, Refrigerator
Air Cond:Ductless
Fireplaces:
Above Ground Sq Ft:1392
Water:City

Exterior Features

Zoning:RS8
Roof:Composition
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$2,810
Taxes
$319

Home Price

$500,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,810.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,810.02 $318.75 $0.00 $3,128.77
Yearly $33,720.20 $3,825.00 $0.00 $37,545.20
Total $1,011,606.12 $114,750.00 $0.00 $1,126,356.12

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Asheville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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 relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T13:51:08.000Z

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