42 Furman Ave, Asheville, NC

Name: 42 Furman Ave, For Sale in Asheville - eXp Realty
Brand: Southern Home Group Realty LLC
SKU: 4355188
Price: 5500000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$5,500,000

000

MLS® 4355188

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 1

Approx. Age 1928

MLS® Number 4355188

Property Address: 42 Furman Ave, Asheville, NC, 28801-2016

Average square foot calculated using Size range provided by listing agent.

Description

The rarest thing in Asheville’s short-term rental market: a fully licensed, completely renovated multi-unit STR building in the heart of downtown, ready for a great operator to make their mark. Asheville stopped issuing new short-term rental permits in the urban core. That means 42 Furman Avenue is not just a building — it is one of the only opportunities in the market to acquire a licensed, compliant, income-producing STR portfolio without the permitting risk that makes most comparable deals impossible to execute. You cannot build this asset from scratch. You can only buy it. The building itself was taken down to the studs and completely rebuilt from the inside out. Every system, every finish, every unit was purpose-built for short-term rental from day one — not retrofitted, not patched together from an old apartment conversion. The result is a 16-unit, 8, 395 sq ft brick building spanning three stories plus a walkout basement, positioned less than a mile from the best of downtown Asheville’s dining, arts, and entertainment scene. The Unit Mix 12 one-bedroom / one-bath units and 4 studio units across the building. Clean, modern interiors with hardwood floors, black-frame windows, and thoughtfully designed layouts that photograph well and generate strong guest reviews. The Opportunity This building has never been operated at its full potential. With all 16 units now live and the Asheville tourism market fully recovered from Hurricane Helene, the timing is right for an operator who knows what they’re doing to come in, put their systems to work, and capture what the market is already offering. AirDNA and Rabbu market data consistently show comparable downtown Asheville units achieving $123 to $213 ADR with 70%+ occupancy. The infrastructure is here. The license is here. The demand is here. What this building needs is the right operator behind it. Why Asheville Asheville is one of the most consistently high-demand short-term rental markets in the Southeast. A top-tier destination for food, music, outdoor recreation, and year-round tourism, it draws visitors from across the country and commands premium nightly rates. The Blue Ridge Parkway, the Biltmore Estate, the River Arts District, and a nationally recognized culinary scene ensure that demand is not seasonal — it is structural. The Details · 16 licensed STR units (12 one-bed / 4 studio) · Fully renovated to the studs — purpose-built for STR · 3 stories plus walkout basement · ~8, 395 sq ft brick construction · Active, compliant STR license — one of the very few in downtown Asheville · Dedicated parking · Offered at $5, 499, 000 For qualified buyers, a full investor package including unit-level financials, market comp analysis, and stabilized NOI projections is available upon request.

MLS® Number4355188

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1928

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building, Business, Equipment, Fixtures

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 9, 2026List Date

$5,500,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing communications (about real estate brokerage and mortgage lending services), that may be delivered to me via email, telephone and/or text messaging (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any of our texts or by emailing [email protected]. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker