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37 Water Street
Asheville NC 28801 US

$570,000

Active Listing ID 4416437
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4 bed
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1.00 Bath (4 Full)
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Lot: 0.10 Acres
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Other

$570,000

Active Listing ID 4416437
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37 Water Street 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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Property Features

  • Facts
  • Lot Size: 0.10 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • Cooling System: Window Unit(s)
  • Floor Covering: Wood, Vinyl
  • Heating Fuels: Baseboard
  • Additional Features
  • Basement
  • Patio

School Information

  • School
  • Unspecified(Elementary)
  • Unspecified(MiddleSchool)
  • Unspecified(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 570000
  • unparsedaddress: 37 Water Street
  • postalcity: Asheville
  • stateorprovince: NC
  • country: US
  • postalcode: 28801
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.103
  • lotsizeunits: Acres
  • lotsizearea: 0.103
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 35.57564
  • longitude: -82.558143
  • listagentfullname: Peter Lorenz
  • listagentemail: peterlorenz@kw.com
  • listagentkey: 3yd-CMLSNC-plorenz
  • listagentmlsid: plorenz
  • listagentpreferredphone: 8287771412
  • listagentofficephone: 8287771412
  • listofficekey: 3yd-CMLSNC-NCM12570
  • listofficemlsid: NCM12570
  • disclaimer: Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CMLSNC
  • yearbuilt: 1925
  • listingcontractdate: 2026-08-25
  • listagenturl: http://kellerwilliamsasheville.com
  • countyorparish: Buncombe
  • parcelnumber: 9648-23-1399-00000
  • elementaryschool: Unspecified
  • highschool: Unspecified
  • appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • cooling: Window Unit(s)
  • constructionmaterials: Wood
  • flooring: Wood, Vinyl
  • heating: Baseboard
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Bedroom 1, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • utilities: Cable Available
  • patioandporchfeatures: Porch
  • basement: Dirt Floor
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.55814, 35.57564
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Professionals", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"peterlorenz@kw.com", "ListBrokerageCity":"asheville", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ellenw@kw.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams Professionals", "ListBrokeragePhone":"(828) 254-7253", "ListBrokeragePostalCode":"28801", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"86 asheland avenue", "ListBrokerageWebsiteUrl":"http://kellerwilliamsasheville.com", "ListOfficeAddress1":"48 Grove St ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"NCM12570", "ListOfficeCity":"Asheville", "ListOfficeCountry":"US", "ListOfficeEmail":"scotteasler@kw.com", "ListOfficePostalCode":"28801", "ListOfficeStateOrProvince":"NC", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Asheville, NC", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/37-Water-St-Apt-4_Asheville_NC_28801_M61767-42208?f=listhub&s=CMLSNC&m=4416437&c=rexren", "MLSModificationTimestamp":"2026-08-26 09:02:06", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":"DEED DATE:03/30/2021 DEED:6043-0530 SUBDIV:PROP OF TEASLEY & GUDGER LOT:4 PLAT:0010-0034", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/26/2026 10:34:28 AM GMT
Source Updated Date: 8/27/2026 12:40:03 AM GMT

Courtesy of: Peter Lorenz, Keller Williams Professionals, peterlorenz@kw.com

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.