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$799,000
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Property Description
Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? **Please do not walk the property unless the listing agent confirms the buyer's agent's appointment requests. Listing agent will accompany at showings. 24-hour+ notice is a must. Pre-approval or proof-of-funds needed prior to confirming showings.**
Full Property Details
Full Property Details for 41 Panola St
General
- Price: $799,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4406063
- Updated: 9/14/2026
- Added to Site: 65 day(s) ago
Interior
- Interior Features: Entrance Foyer
- Fireplace: Yes
- Fireplace(s): Other - See Remarks, Other - See Remarks
- Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer
- Flooring: Carpet, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Basement
Additional Information
- Shared Amenities: Other
Exterior
- Exterior Features: Fire Pit, Lawn Maintenance
Parking
- Parking Features: Driveway, On Street, Parking Space(s), Shared Driveway
Location
- County: Buncombe
- Subdivision: Montford
- Driving Directions: From I-240 at Montford exit, follow Montford Ave about 0.8 mile to Right on Panola. Home is on the left in appx 0.1 mile.
School Information
- Elementary School: Asheville City
- Middle School: Asheville
- High School: Asheville
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Window Unit(s)
- Heating Type: Natural Gas, Other - See Remarks
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Available, Electricity Connected, Natural Gas
Structural Information
- Architectural Style: Colonial, Other
- Construction: Site Built
- Exterior Const.: Brick Partial, Shingle/Shake, Wood
- Basement: Yes
- Basement Desc.: Exterior Entry, Partial, Unfinished
- Roof: Architectural Shingle
- Square Feet: 3,066
- Year Built: 1903
Lot Features
- Street/Road Desc.: Asphalt, Gravel, Paved
- Elevation (Approx.): 2000
- Lot Features: Green Area, Level, Private, Wooded
- Rcmdd Zoning: RM8
Financial Considerations
- Terms: Cash, Conventional, FHA, VA Loan
- Tenant Pays: Cable TV, Electricity, Gas, Internet
Disclosures and Reports
- Special Conditions: Subject to Lease
- Restrictions: Historical
- Property ID: 9639-95-8273-00000
- Lot Number: 5684/1287
Listed by Town and Mountain Realty
Get Pre-Approved Today
Schools
Schools serving 41 Panola St
School District:Asheville City Schools
| Name | Grades | Distance |
|---|---|---|
Isaac Dickson Elementary 125 Hillside Street, Asheville, NC 28801 | K-5 | 0.6 mi |
Claxton Elementary 241 Merrimon Avenue, Asheville, NC 28801 | K-5 | 0.8 mi |
Ira B Jones Elementary 544 Kimberly Avenue, Asheville, NC 28804 | K-5 | 1.8 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 | 2.6 mi |
Hall Fletcher Elementary 60 Ridgelawn Road, Asheville, NC 28806 | K-5 | 2.3 mi |
Asheville High 419 McDowell Street, Asheville, NC 28803 | 9-12 | 2.6 mi |
Vance Elementary, Asheville, NC 98 Sulphur Springs Road, Asheville, NC 28806 | K-5 | 2.8 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 41 Panola St
Date
Details
Price
Change
Source
8/05/2026
Listed
$799,000
28.35%
MLS
7/19/2018
Sold
$622,500
—
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 41 Panola St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,649
9%
$605,300
—
2023
$6,097
1%
$605,300
—
2022
$6,036
—
$605,300
—
2021
$6,036
8%
$605,300
17%
2020
$5,582
—
$517,900
5%
2019
$5,582
5%
$494,800
—
2018
$5,333
-1%
$494,800
—
2017
$5,383
23%
$494,800
39%
2015
$4,367
1%
$355,300
—
2014
$4,313
—
$355,300
—
2013
$4,313
—
$355,300
—
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 41 Panola St
41 Panola Street, Asheville, NC 28801 (MLS# 4406063) is a Single Family property with 5 bedrooms and 4 full bathrooms. 41 Panola Street is currently listed for $799,000 and was received on August 05, 2026. Want to learn more about 41 Panola 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.

