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$5,500,000
42 Furman Avenue
Asheville, NC 28801
Property Type
Commercial Sale
Year Built
1928
Lot Size
0.31 acres
Garage
—
About This Property
42 Furman Avenue represents one of the most compelling short-term rental investment opportunities in downtown Asheville—a fully licensed, purpose-built 16-unit STR asset in a market where new permits are no longer issued. Spanning approximately 8,395 square feet across three stories plus a walkout basement, the building was completely renovated to the studs and redesigned specifically for short-term rental use, delivering modern interiors, efficient layouts, and strong visual appeal for today’s guest expectations. The unit mix includes twelve one-bedroom units and four studios, all configured to maximize occupancy and revenue potential. Located less than a mile from Asheville’s core attractions—including its nationally recognized dining scene, River Arts District, and cultural amenities—the property benefits from consistent year-round demand. With dedicated parking, an active and compliant STR license, and a structure that cannot be replicated under current regulations, this asset offers a rare combination of scale, location, and operational upside for an investor seeking to establish or expand a presence in one of the Southeast’s most resilient short-term rental markets.
Property Details
Interior
- Basement
- Yes
Exterior & Lot
- Lot Size
- 0.31 acres
- Year Built
- 1928
Location
- County
- Buncombe
- ZIP Code
- 28801
Financial
- Listing Terms
- Cash, Conventional, FHA
Utilities
Schools
Location
Listing Information
- MLS #
- CAR4359264
- Listing Agent
- Tyler Coon
- Listing Office
- EXP Realty LLC
- Listed Date
- May 8, 2026
Inquire About This Property
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