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.
Address
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Address: 65 King Street, Asheville, North Carolina 28804
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City: Asheville
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State/county: NC
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Zip/Postal Code: 28804
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Area: Jackson Park
Details
Updated on September 21, 2026 at 9:20 pm-
Property ID 4423788
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Price $500,000
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Property Size 1392 m²
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Bedrooms 3
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Bathrooms 2
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Year Built 1937
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Property Type Duplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash, Conventional, Private
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Roof Composition
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Sewer Public Sewer
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Cooling Ductless
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Heating Ductless
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County Buncombe
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Property Type Residential Income
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Parking Driveway
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Elementary School Claxton
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Middle School Asheville
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High School Asheville
Features
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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
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Contact Information
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