Description
INVESTMENT OPPORTUNITY IN THE HEART OF WAYNESVILLE! Ideally situated just minutes from downtown Waynesville, this all-brick quadplex offers an attractive combination of location, established rental history, and tremendous potential for increased income. The property features four spacious apartments, including two 2-bedroom units and two 1-bedroom units, offering a total of approximately 4, 028 square feet of living space. Each unit has its own kitchen, living and dining areas, with select units featuring covered porches or decks. Currently occupied by established tenants, the property generates consistent rental income, with rents that are considerably below prevailing market rates, presenting an excellent opportunity for future revenue growth. Additional highlights include city water and sewer, convenient parking, and a desirable location near downtown shopping, dining, and everyday conveniences. Whether you’re an experienced investor looking to expand your portfolio or entering the multifamily market for the first time, this property offers an opportunity to acquire a well-located income-producing asset with meaningful long-term upside. Location, existing income, and room to grow, 152 Tate Street checks all three boxes!
Address
Open on Google Maps-
Address: 152 Tate Street, Waynesville, North Carolina 28786
-
City: Waynesville
-
State/county: NC
-
Zip/Postal Code: 28786
-
Area: NONE
Details
Updated on October 23, 2026 at 6:13 am-
Property ID 4436155
-
Price $595,000
-
Property Size 4028 m²
-
Bedrooms 6
-
Bathrooms 4
-
Year Built 1964
-
Property Type Fourplex, Residential Income
-
Property Status Active, For Sale
Additional details
-
Listing Terms Cash, Conventional, Private
-
Roof Architectural Shingle
-
Utilities Cable Available, Electricity Connected
-
Sewer Public Sewer
-
Cooling Ceiling Fan(s), Window Unit(s)
-
Heating Baseboard, Electric
-
Flooring Carpet, Linoleum, Wood
-
County Haywood
-
Property Type Residential Income
-
Parking Driveway, On Street, Parking Space(s)
-
Elementary School Hazelwood
-
Middle School Waynesville
-
High School Tuscola
-
Architectural Style Ranch
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
Contact Information
View ListingsSimilar Listings
152 Tate Street, Waynesville, North Carolina 28786
152 Tate Street, Waynesville, North Carolina 28786, Waynesville, NC- Beds: 6
- Baths: 4
- 4028 m²
- Fourplex, Residential Income
4004, 4008, 4012, 4016 Arvida Lane, Charlotte, North Carolina 28208
4004, 4008, 4012, 4016 Arvida Lane, Charlotte, North Carolina 28208, Charlotte, NC- Beds: 4
- Baths: 3
- 9696 m²
- Fourplex, Residential Income
112 Freeze Nw Avenue, Concord, North Carolina 28025
112 Freeze Nw Avenue, Concord, North Carolina 28025, Concord, NC- Beds: 4
- Baths: 4
- 2424 m²
- Fourplex, Residential Income
228 Stoney Mountain Road Unit 25, 26, Hendersonville, North Carolina 28791
228 Stoney Mountain Road Unit 25, 26, Hendersonville, North Carolina 28791, Hendersonville, NC- Beds: 5
- Baths: 5
- 3010 m²
- Fourplex, Residential Income
- The Simpson Group Realty