295 E Chestnut Street, Asheville, NC
$1,095,000 · 3,875 sq ft · built 1925
Listing courtesy of G/M Property Group (John Menkes). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
About the home
Rare opportunity to acquire a fully occupied, extensively renovated 6-unit multifamily property in desirable North Asheville. Located on a quiet, tree-lined residential street, 295 E. Chestnut Street is approximately one mile from downtown Asheville and within easy walking distance of restaurants, retail and neighborhood amenities. Trader Joe’s, Harris Teeter and Whole Foods are all within approximately ½ mile. The property features four 1-bedroom and two studio apartments, ample on-site parking, individual electric meters and substantial kitchen and bathroom updates. Convenient access to Charlotte Street and I-240 further enhances the location. A compelling opportunity for investors seeking an established, income-producing Asheville multifamily asset.
Price in context
- Asking $283 per square foot.
- That is 46% below the $525 median across 183 active $1.5M+ homes in Asheville.
- 178th highest asking price of 183 active $1.5M+ homes in Asheville.
- 85th largest by living area of the 164 with a recorded size.
- No price changes since it was listed.
- 0 days on the market, listed 2026-09-22.
- County tax assessment $536,000; the asking price is 2.04× the assessed value.
Location
Assigned schools
- Elementary: Asheville City
- Middle: Asheville
- High: Asheville
School assignments come from the listing and can change; confirm with the district.
Features
- Construction
- Fiber Cement, Wood
- Basement
- Apartment, Daylight, Exterior Entry
- Interior
- Attic Finished
- Kitchen & appliances
- Dishwasher, Electric Oven, Electric Range, Electric Water Heater
- Heating
- Baseboard, Electric
- Cooling
- Window Unit(s)
- Parking
- Parking Lot
- Waterfront
- None
- County
- Buncombe
Comparable homes on the market
- 2108 River Hill Road, Murphy — $22,000,000, 0.4 mi away
- 60 N Market Street #217, Asheville — $1,500,000, 3 bd, 1,804 sq ft, 0.5 mi away
- 122 College Street #301, Asheville — $1,650,000, 3 bd, 2,706 sq ft, 0.6 mi away
- 57 Broadway Street #A & 101, Asheville — $1,350,000, 2 bd, 2,282 sq ft, 0.6 mi away
- 7 Patton Avenue #1605, Asheville — $3,380,000, 3 bd, 2,104 sq ft, 0.7 mi away
- 7 Patton Avenue #1103, Asheville — $1,175,000, 1 bd, 1,136 sq ft, 0.7 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.