212 & 214 Portmanvilla Road, Black Mountain, NC
$1,100,000 · 8 bedrooms · 4,422 sq ft · built 2011
Listing courtesy of Heartwood Realty LLC (Alan Wray). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
The emergence of sophisticated multi-family assets in Black Mountain signals a maturing market for investors seeking stability beyond the immediate Asheville corridor. Constructed in 2011, this four-unit portfolio consists of two meticulously maintained townhouse-style duplexes, offering a total of eight bedrooms across 4,422 square feet. The architectural layout prioritizes privacy, featuring individual entrances and dedicated outdoor spaces for each residence, with floor plans ranging from 1.5 to 2.5 bathrooms per unit. Situated within reach of the historic downtown district and the Black Mountain Golf Club, the property benefits from a history of low turnover and consistent occupancy. For the acquisition-minded professional, the presence of individual utility metering and established long-term leases provides a streamlined transition into one of Western North Carolina’s most resilient rental submarkets. The proximity to Lake Tomahawk Park further secures the long-term desirability of the location. Private inquiries and requests for detailed financial disclosures may be directed to Peters & Associates.
About the home
Rare multi-family investment opportunity in popular Black Mountain! Easy access to all the nearby amenities: historic downtown district with local restaurants, shops, and breweries, Lake Tomahawk Park, Black Mountain Golf Club, and ample opportunities for outdoor recreation. Plus, just a short 20-minute drive to neighboring Asheville. This offering consists of four total units in two buildings, each designed as a side-by-side townhouse-style duplex with individual entrances. Units in #214 are 2 bedrooms and 2.5 baths; units in #212 are 2 bedrooms and 1.5 baths; each unit has its own utility meters, laundry, and private outdoor space. Meticulously maintained by the same owners for over a decade, this property is a turnkey investment opportunity in a beautiful area. Consistent rental history with long-term tenants & minimal turnover. Currently, there are 12-month leases in place for three of the units, and a month-to-month lease for the fourth. Additional details available upon request.
Price in context
- Asking $249 per square foot.
- That is 45% below the $453 median across 24 active $1.5M+ homes in Black Mountain.
- 22nd highest asking price of 24 active $1.5M+ homes in Black Mountain.
- 3rd largest by living area of the 23 with a recorded size.
- No price changes since it was listed.
- 356 days on the market, listed 2025-07-07.
- County tax assessment $535,600; the asking price is 2.05× the assessed value.
Location
Assigned schools
- Elementary: Black Mountain
- Middle: Charles D Owen
- High: Charles D Owen
School assignments come from the listing and can change; confirm with the district.
Features
- Construction
- Vinyl
- Roof
- Architectural Shingle
- Bathrooms
- 6 full, 4 half
- Flooring
- Tile, Wood
- Kitchen & appliances
- Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Heating
- Heat Pump
- Cooling
- Central Air
- Parking
- Driveway, Parking Space(s)
- Lot
- Green Area, Level, Wooded
- County
- Buncombe
Comparable homes on the market
- 6 Hamlet Street, Black Mountain — $1,195,000, 5 bd, 2,576 sq ft, 0.2 mi away
- 528 Padgettown Road, Black Mountain — $1,397,000, 3 bd, 1,887 sq ft, 0.5 mi away
- 117 Shenandoah Terrace, Montreat — $1,995,000, 5 bd, 5,058 sq ft, 1.1 mi away
- 228 Allen Mountain Drive, Black Mountain — $1,225,000, 3 bd, 2,715 sq ft, 1.3 mi away
- 1186 Old Us 70 Highway, Black Mountain — $1,400,000, 7 bd, 4,703 sq ft, 1.4 mi away
- 52 Cheshire Drive, Black Mountain — $1,275,000, 4 bd, 2,469 sq ft, 1.5 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.