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$1,600,000
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Property Description
Positioned just minutes from downtown Asheville, this rare four-unit portfolio offers exceptional flexibility for investors seeking an established short-term rental opportunity in one of Western North Carolina's strongest tourism markets. Comprised of a duplex constructed in 1973 and two independent cottages constructed in the mid-1990s, the property provides four separate accommodations and multiple income streams while allowing for flexible rental strategies, owner occupancy, or a combination of personal use and investment. Guests enjoy convenient access to downtown Asheville, the River Arts District, the Biltmore Estate, the Blue Ridge Parkway, breweries, restaurants, and the area's renowned outdoor recreation, supporting consistent year-round demand. Each residence offers private accommodations designed to creating a diverse guest experience that broadens booking potential. Offered fully furnished and operating as a successful short-term rental portfolio, the property allows for a seamless transition to its next owner while presenting opportunities to further enhance the guest experience over time. With four independent accommodations across two parcels, this is a rare opportunity to acquire a scalable Asheville investment offering flexibility, diversification, and long-term appeal in one of Western North Carolina's most established vacation rental markets.
Full Property Details
Full Property Details for 27 29 & 31 A/B Brown Rd
General
- Price: $1,600,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4406408
- Updated: 7/27/2026
- Added to Site: 56 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Living Room, Living Room
- Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Washer/Dryer
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Hot Tub
Parking
- Parking Features: Driveway, Shared Driveway
Location
- County: Buncombe
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Other - See Remarks
Utilities
- Sewer: Septic Installed
- Water: City, Shared Well
Structural Information
- Construction: Site Built
- Exterior Const.: Wood
- Square Feet: 3,440
- Year Built: 1973
Lot Features
- Street/Road Desc.: Gravel, Paved
Financial Considerations
- Terms: Cash, Conventional, FHA
- Tenant Pays: Other
Disclosures and Reports
- Special Conditions: Subject to Lease
- Restrictions: Short Term Rental Allowed
- Property ID: 962618530100000
- Lot Number: 6430/1391
Listed by EXP Realty LLC
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Price & Sales History for 27 29 & 31 A/B Brown Rd
Date
Details
Price
Change
Source
7/24/2026
Listed
$1,600,000
20.89%
MLS
8/09/2024
Sold
$1,323,500
—
Public Record
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 27 29 & 31 A/B Brown Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$291,900
—
2023
$1,804
4%
$291,900
—
2022
$1,731
—
$291,900
—
2021
$1,731
16%
$291,900
24%
2020
$1,490
—
$235,000
—
2019
$1,492
2%
$235,300
—
2018
$1,457
-2%
$235,300
—
2017
$1,480
-2%
$235,300
8%
2015
$1,517
—
$218,600
—
2014
$1,517
—
$218,600
—
2013
$1,517
—
$218,600
—
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 27 29 & 31 A/B Brown Rd
27,29 & 31 A/B Brown Road, Asheville, NC 28806 (MLS# 4406408) is a Single Family property with 6 bedrooms and 6 full bathrooms. 27,29 & 31 A/B Brown Road is currently listed for $1,600,000 and was received on July 24, 2026. Want to learn more about 27,29 & 31 A/B Brown Road? 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.

