49 Madison AVE Asheville, NC 28801
UPDATED:
Key Details
Sold Price $273,600
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,445 sqft
Price per Sqft $189
Subdivision Hillside Park
MLS Listing ID 4394135
Sold Date 08/27/26
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 1,445
Year Built 1915
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Single Family Residence
Property Description
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.
Location
State NC
County Buncombe
Zoning RM8
Rooms
Basement Dirt Floor
Primary Bedroom Level Upper
Main Level Bedrooms 1
Interior
Heating Heat Pump
Cooling Central Air
Fireplace true
Appliance None
Laundry None
Exterior
Street Surface None,Paved
Garage false
Building
Foundation Basement
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Claxton
Middle Schools Asheville
High Schools Asheville
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Bought with Non Member • Canopy Administration
NEARBY SCHOOL & BUSINESS
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