Description
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.**
Address
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Address: 41 Panola Street, Asheville, North Carolina 28801
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28801
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Area: Montford
Details
Updated on September 14, 2026 at 8:21 pm-
Property ID 4406063
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Price $799,000
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Property Size 3066 m²
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Bedrooms 5
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Bathrooms 4
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Year Built 1903
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Property Type Fourplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional, FHA, VA Loan
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Roof Architectural Shingle
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Utilities Cable Available, Electricity Connected, Natural Gas
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Window Unit(s)
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Heating Natural Gas, Other - See Remarks
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Flooring Carpet, Vinyl, Wood
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County Buncombe
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Property Type Residential Income
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Parking Driveway, On Street, Parking Space(s), Shared Driveway
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Elementary School Asheville City
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Middle School Asheville
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High School Asheville
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Community Features Other
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Architectural Style Colonial, Other
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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