Leaf Image
49 Madison Avenue
$319,900
Asheville, NC, 28801
singlefamily
3
1
Lot Size: 0.14 Acres
MLS #CAR4394135 image #0
ABOUT

Property Information

Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!!
Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment.
Why Investors Will Love This Opportunity or your Renovation Team.
The Value is there!! With great potential to Build More homes!!
Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units.
Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex.
Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage.

Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple.

This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here.

All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
SPECIFICS

Property Details

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Price:
$319,900
MLS #:
CAR4394135
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Hillside Park
Listed Date:
Jun 24, 2026
Finished Sq Ft:
1,445
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1915
Hillside ParkClaxtonAshevilleAsheville
AMENITIES

Interior

Above Grade Finished Area
1445
Appliances
None
Bathrooms
1 Full Bathroom
Cooling
Central Air
Heating
Heat Pump
Laundry Features
None
Levels
Two
AMENITIES

Exterior

Construction Materials
Hardboard Siding
Parking Features
On Street
NEIGHBORHOOD

Schools

Elementary School:
Claxton
Middle School:
Asheville
High School:
Asheville
FINANCIAL

Financial

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