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Sold on 08/27/2026
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Smith Road, Leicester, NC 28748

$1,370,000

Last sold 08/27/2026 after 143 Days

  • 16

    bed

  • 16

    bath

  • 7,732

    Sqft ($177/Sqft)

Multi-family not for sale
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About Smith Road

Property type Multi-family
Year built 2004
HOA fee $0/month
Lot size 1.9 Acre
Property description
This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. This tranquil setting is unique, makes the apartments more desirable, and drives interest. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.
Listed by
Listing Agent - Tonya Oxford
Listing Agent Contact: INFO@AshevilleRealtyGroup.com
Listing Office - Asheville Realty Group
Source: Canopy MLS mls logo
MLS#4357331 • last updated 4 weeks ago
Movoto checked Canopy MLS for data 2 minutes ago
Overview
Cooling/AC Heat Pump
Heating Electric, Heat Pump
Levels/Style 2, Other
SubType Eightplex
MLS # 4357331
Status Closed
SqFt 7732
Interior
# Full Baths 16
Total # of Bedrooms 16
Laundry In Unit
Flooring Vinyl
Exterior
Foundation Crawl Space
Roof Composition
Construction Off Frame Modular, Vinyl
Parking Parking Lot, Parking Space(s)
Lot Desc Green Area
Patio/ Porch Deck
Other Structures Shed(s)
Amenities / Utilities
Sewer/ Septic Septic Installed
Water Source Well
Utilities Cable Connected, Electricity Connected
Location
View Mountain(s)
County Buncombe
Subdivision None
Middle School Unspecified
Elementary School Unspecified
High School Unspecified
APN 9619-36-1865
Multifamily Details
Tenant Pays All Except Water
Owner Pays Exterior Maintenance, Management, Sewer, Trash Collection, Water
Total # of Units 8
Lot/ Land Details
Add'l Parcels Desc 9619-36-1753
Development Status Completed
Road Responsibility Private Maintained Road
Powered By Movoto
  • Aug 2026
    MLS # 4357331
  • Aug 27, 2026 Sold
    $1,370,000 (-5.5%)
  • Jul 2, 2026 Active
    —
  • May 14, 2026 Price Change
    $1,449,000 (-3.4%)
  • Apr 6, 2026 Listed
    $1,500,000
  • Smith Road
    $1.37M
  • —
  • 28748
    $549K -7% y/y
  • Leicester
    $549K -7% y/y
No chart available
Statistics calculated by Movoto

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3/10
Clyde A Erwin High
public Grades PK, 9-12
Buncombe County Schools
9/10
West Buncombe Elementary
public Grades K-4
Buncombe County Schools
2/10
Eblen Intermediate School
public Grades 5-6
Buncombe County Schools
4/10
Clyde A Erwin Middle School
public Grades 7-8
Buncombe County Schools
Source: GreatSchools.org © 2026. All rights reserved.

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