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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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49 Madison Ave , Asheville, NC 28801
$319,900
Est. Payment: $1,648.51/mo
3 Bed
1 Bath
1445 Sqft
Status: active | Days on site: 32
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!! 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.

Highlights

Listed by Robert Hoke , 828-280-3029 Blueblaze Real Estate Group LLC , 828-273-3349. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
0.14

Year Built

1915

County

Buncombe

Neighborhood

Hillside Park

Listing ID

4394135

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Air Cond:Central Air
Fireplaces:
Above Ground Sq Ft:1445
Below Ground Sq Ft:0
Basement:Dirt Floor
Other:Has Fireplace
Other:City

Exterior Features

Zoning:RM8
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,649
Taxes
$204

Home Price

$319,900

Loan Details

30 yrs
6.683%

Down Payment

20%
$63,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,648.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,648.51 $203.94 $0.00 $1,852.45
Yearly $19,782.13 $2,447.24 $0.00 $22,229.36
Total $593,463.80 $73,417.05 $0.00 $666,880.85

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Asheville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Dream Team United | Keller Williams Connected | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-08-01T23:58:06.000Z

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