1 & 3 Freeport Lane
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$525,000
Community: Asheville in Buncombe County
Thank You!
You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here
If You Have Any Other Questions, Call Us At 1(888)-247-3466
Incredible Investment Property Opportunity in West Asheville. And you can be part of helping Asheville's Affordable Housing Crisis... A Pair of Two Brand New Single Family Residences on One Lot. Never Lived in. Each Home is a 2 BR/ 1.5BA and around 768sf. Great Opportunity which could rent as market rate houses or to Housing Choice Voucher Holders. According to HUD 2025 standards, a 2BR Home Rented to a family using a Housing Choice Voucher could rent for $1347 per month. That would mean annual rental income of $32,328. After factoring in Taxes/ Insurance, that's a cap rate of around 6%. Affordable West Asheville Brand New Construction Pair of Homes close to Carrier Park, Haywood Road, River Arts District and Downtown. Modern and Adorable 2BR / 1.5BA. Bamboo floors throughout main levels, Tall Ceilings in bedrooms, and Open Wood Beams in Living Room. Great blend of modern fixtures with warm feelings throughout- Wood floors, Luxury Vinyl Plank bathrooms, Tall ceilings in bedrooms. Come take a look! Part of a new pocket neighborhood built by Compact Cottages. One Year New Home Construction Warranty and Longer warranties on many home components.
Original Listing Price:
525,000
MLS #: 4318398
Listing Status: Active
Days on Market: 4
Buying Firm Commission: Test
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Map
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Directions: State St. to Hanover St. to Left on Stewart St. Freeport is new private street between 134 and 142 Stewart St.
Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.
Property Features
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Water: City
Year Built: 2025
Subdivision: None
Roof: Metal
Lot Description: Paved
Garage/Carport: Driveway
Heating/Cooling: Ductless
Basement/Foundation: Crawl Space
Sewer: Public Sewer
Style: Cottage,Modern
Floors: Bamboo,Vinyl,Wood
Interior Features: Open Floorplan,Pantry
Cooling: Ceiling Fan(s),Ductless
Mortgage Calculator
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Schools
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- High School: Asheville
- Middle School: Asheville
- Elementary School: Asheville City