615 Biltmore Avenue, Asheville, NC
$1,700,000 · 10 bedrooms · 5,410 sq ft · built 1949
Listing courtesy of Howard Hanna Beverly-Hanks Asheville-Downtown (Emily Butcher). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
The Beverly Condominiums represent a focused study in mid-century residential architecture, established in 1949 within a tranquil corridor of Asheville. This particular portfolio acquisition comprises eight individual units totaling 5,410 square feet, structured as a versatile mix of six one-bedroom residences and two two-bedroom configurations. The offering provides ten bedrooms in total, situated within a quiet, established community that emphasizes long-term stability and proximity to Mission Hospital and Biltmore Village. For the strategic investor, the Asheville multi-family submarket continues to demonstrate remarkable resilience, driven by a persistent scarcity of well-maintained inventory in walkable, medical-adjacent districts. These assets benefit from a streamlined management profile, appealing to those who prioritize operational efficiency over high-turnover hospitality models. Detailed rental histories and historical performance data are available for review. Private inquiries regarding this portfolio and its positioning within the current market may be directed to Peters & Associates to arrange a confidential viewing.
About the home
Rare 8-unit investment opportunity in the sought-after Beverly Condominiums. This portfolio includes six 1BR/1BA units and two 2BR/2BA units, offering a strong unit mix for consistent rental demand. Ideally located with excellent walkability to shopping, dining, and Mission Hospital, minutes to downtown Asheville and Biltmore Village. The community is quiet and well-maintained, appealing to long-term tenants seeking a peaceful residential setting. Low maintenance, lock-and-go lifestyle, making ownership streamlined and efficient. Opportunity in a proven Asheville location with enduring rental appeal. Rental history available upon request.
Price in context
- Asking $314 per square foot.
- That is 40% below the $525 median across 183 active $1.5M+ homes in Asheville.
- 96th highest asking price of 183 active $1.5M+ homes in Asheville.
- 35th largest by living area of the 164 with a recorded size.
- No price changes since it was listed.
- 5 days on the market, listed 2026-08-20.
- County tax assessment $941,400; the asking price is 1.81× the assessed value.
- HOA dues $1,196 (monthly).
Location
Neighborhood: Beverly Condos, Buncombe County, ZIP 28803.
Assigned schools
- Elementary: Asheville City
- Middle: Asheville
- High: Asheville
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Arts and Crafts, Old World, Traditional
- Construction
- Brick Full
- Roof
- Built-Up
- Bathrooms
- 10 full
- Flooring
- Wood
- Kitchen & appliances
- Electric Oven, Electric Range, Refrigerator
- Heating
- Forced Air
- Cooling
- Central Air
- Parking
- On Street, Parking Lot
- Exterior
- Lawn Maintenance
- Lot
- Cleared
- Community
- Sidewalks, Street Lights
- County
- Buncombe
Comparable homes on the market
- 26 Grindstaff Drive, Asheville — $1,050,000, 3 bd, 2,322 sq ft, 0.3 mi away
- 106 Mccauley Drive, Asheville — $1,299,000, 2 bd, 1,820 sq ft, 0.4 mi away
- 106 Mccauley Drive, Asheville — $1,299,000, 0.4 mi away
- 44 Samuel Ashe Drive #55, Asheville — $2,074,400, 3 bd, 3,549 sq ft, 0.6 mi away
- 26 Sheridan Road, Asheville — $1,295,000, 4 bd, 4,201 sq ft, 0.7 mi away
- 53 Buchanan Place, Asheville — $1,220,000, 3 bd, 3,014 sq ft, 0.8 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.