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$570,000 Just Listed
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Property Description
Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history-not new construction-and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property.
Full Property Details
Full Property Details for 37 Water St
General
- Price: $570,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4416437
- Updated: 8/25/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Flooring: Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Basement
Parking
- Parking Features: Parking Space(s)
Location
- County: Buncombe
- Driving Directions: Directions from Central/Downtown Asheville: From Patton Avenue, turn south onto South French Broad Avenue. Continue approximately 1.1 miles. Turn left onto Livingston Street, then right onto Hibernia Street. Take the second turn onto Water Street and turn left. Continue to 37 Water Street; property will be on the left.
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Available, Natural Gas
Structural Information
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Dirt Floor
- Square Feet: 2,244
- Year Built: 1925
Lot Features
- Lot Dimensions: 45 × 100 feet
- Street/Road Desc.: Concrete, Paved
- Rcmdd Zoning: RS8
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 9648-23-1399-00000
- Lot Number: 6043-530
Listed by Keller Williams Professionals
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Schools
Schools serving 37 Water St
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 0.4 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 0.9 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 2.2 mi |
Asheville Middle 211 South French Broad Avenue, Asheville, NC 28801 | 6-8 | 0.7 mi |
School Of Inquiry And Life Science 419 McDowell Street, Asheville, NC 28803 | 9-12 | 0.4 mi |
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 2.2 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 2.4 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 37 Water St
Date
Details
Price
Change
Source
8/25/2026
Listed
$570,000
105.04%
MLS
3/27/2021
Sold
$278,000
—
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 37 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,332
9%
$303,300
—
2023
$3,055
1%
$303,300
—
2022
$3,024
—
$303,300
—
2021
$3,024
4%
$303,300
12%
2020
$2,914
—
$270,300
—
2019
$2,914
—
$270,300
—
2018
$2,914
-1%
$270,300
—
2017
$2,941
219%
$270,300
261%
2015
$921
1%
$74,900
—
2014
$909
—
$74,900
—
2013
$909
—
$74,900
—
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 37 Water St
37 Water Street, Asheville, NC 28801 (MLS# 4416437) is a Single Family property with 4 bedrooms and 4 full bathrooms. 37 Water Street is currently listed for $570,000 and was received on August 25, 2026. Want to learn more about 37 Water Street? 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.

