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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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37 Water St , Asheville, NC 28801
$540,000
Est. Payment: $3,034.82/mo
2244 Sqft
0.1 Acres
Status: active | Days on site: 20
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NCM12570 - plorenz,bijo05410
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Terri Bias
Operator/Brokerage Owner
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House 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.
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Highlights

Listed by Peter Lorenz , 828-777-1412 and Bill Johnson , 828-777-1412 Keller Williams Professionals , 828-254-7253. Canopy MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
0.1

Year Built

1925

County

Buncombe

Listing ID

4417990

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Interior Features

Appliances:Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Floor:Vinyl,Wood
Basement:Dirt Floor
Water:City

Exterior Features

Lot Dimensions:45 × 100 feet
Garage Capacity:3
Zoning:RS8
Sewer:Public Sewer
Parking Features:Parking Space(s)
Principal Interest
$3,035
Taxes
$344

Home Price

$540,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$108,000
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:
$3,034.82

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,034.82 $344.25 $0.00 $3,379.07
Yearly $36,417.82 $4,131.00 $0.00 $40,548.82
Total $1,092,534.61 $123,930.00 $0.00 $1,216,464.61

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: 2026-10-14T19:53:06.000Z

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