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$490,000
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Property Description
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.
Full Property Details
Full Property Details for 1 & 3 Freeport Ln
General
- Price: $490,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4318398
- Updated: 12/17/2025
- Added to Site: 77 day(s) ago
Interior
- Interior Features: Open Floorplan, Pantry
- Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Flooring: Bamboo, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 2
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Electric Dryer Hookup, Upper Level
Parking
- Parking Features: Driveway
Location
- County: Buncombe
- Driving Directions: State St. to Hanover St. to Left on Stewart St. Freeport is new private street between 134 and 142 Stewart St.
School Information
- Elementary School: Asheville City
- Middle School: Asheville
- High School: Asheville
Community
- Pets: Call
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Ductless
- Heating Type: Ductless
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Architectural Style: Cottage, Modern
- Builder: Compact Cottages
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Hardboard Siding, Wood
- Roof: Metal
- Square Feet: 1,572
- Year Built: 2025
Lot Features
- Lot Dimensions: 50 x 170
- Street/Road Desc.: Gravel, Concrete
- Lot Features: Paved
- Rcmdd Zoning: RM16
Financial Considerations
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, FHA
- Tenant Pays: All except water
Disclosures and Reports
- Restrictions: No Restrictions
- Property ID: 9638513638
- Plat: 14/72
- Lot Number: 5435/0125
Listed by Dirt & Sticks, Inc.
Get Pre-Approved Today
Schools
Schools serving 1 & 3 Freeport Ln
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 0.5 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 1.2 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.7 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 1.6 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 1.7 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 2.9 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 3 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1 & 3 Freeport Ln
Date
Details
Price
Change
Source
12/17/2025
Price Reduced
$490,000
-1.9%
MLS
11/13/2025
Price Reduced
$499,500
-4.86%
MLS
11/02/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1 & 3 Freeport Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$656
9%
$59,700
—
2023
$601
—
$59,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1 & 3 Freeport Ln
1 & 3 Freeport Lane, Asheville, NC 28806 (MLS# 4318398) is a Single Family property with 4 bedrooms, 2 full bathrooms and 2 partial bathrooms. 1 & 3 Freeport Lane is currently listed for $490,000 and was received on November 02, 2025. Want to learn more about 1 & 3 Freeport Lane? Do you have questions about finding other Single Family real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

