Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? **Please do not walk the property unless the listing agent confirms the buyer's agent's appointment requests. Listing agent will accompany at showings. 24-hour+ notice is a must. Pre-approval or proof-of-funds needed prior to confirming showings.**
Property Type(s):
Multi Family
|
Tract
|
Montford
|
Year Built
|
1903
|
|
Community
|
Montford
|
County
|
Buncombe
|
SCHOOLS
| Elementary School |
Asheville City |
| Jr. High School |
Asheville |
| High School |
Asheville |
Additional Details
| AIR |
Ceiling Fan(s), Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer |
| BASEMENT |
Exterior Entry, Partial, Unfinished, Yes |
| EXTERIOR |
Fire pit |
| FIREPLACE |
Yes |
| HEAT |
Natural Gas |
| INTERIOR |
Entrance Foyer |
| LOT |
0.28 acre(s) |
| LOT DESCRIPTION |
Level, Private, Wooded |
| LOT DIMENSIONS |
0.28 |
| MLS STATUS |
Active |
| PARKING |
Driveway, On Street, Shared Driveway |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Colonial, Other |
| SUBDIVISION |
Montford |
| UTILITIES |
Natural Gas Available, Cable Available, Electricity Connected |
| WATER |
Public |
Location
Listed with Town and Mountain Realty
Date last updated: 10/1/26 8:30 PM PDT
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This IDX solution is (c) Diverse Solutions 2026.
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