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$1,317,500
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Property Description
Rare offering just one mile from downtown Hendersonville-this exceptional 16-unit multifamily complex presents an outstanding investment opportunity combining location, quality construction, and long-term stability. Built and meticulously maintained by the original owner/developer, the property reflects pride of ownership and consistent care throughout. Consisting of two well-designed buildings, each thoughtfully constructed for functionality and ease of management, the complex features sixteen 2-bedroom, 1.5-bathroom units that provide comfortable living spaces ideal for long-term tenants. Each unit offers spacious interiors, well-equipped kitchens, and private outdoor areas, creating a desirable residential experience in a highly convenient setting. The property is fully connected to city water and city sewer and provides ample parking for residents and guests. Its prime location-just one mile to downtown Hendersonville's vibrant shops, restaurants, and amenities-enhances tenant appeal and ensures continued demand. With consistent occupancy, low turnover, and a strong rental history, this is a truly turnkey investment opportunity in one of Western North Carolina's most desirable and stable markets. The owner's commitment to proactive maintenance and long-term quality is evident in every detail, making this a solid, income-producing property ready for its next chapter. Rarely do opportunities of this caliber-offering strong fundamentals, excellent parking, city utilities, and close proximity to downtown-come available. This 16-unit complex represents a legacy asset in a thriving market, ideal for investors seeking a high-quality, well-located multifamily holding in Hendersonville.
Full Property Details
Full Property Details for 333 W Lake Ave
General
- Sold For: $1,317,500
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4305654
- Added to Site: 209 day(s) ago
Interior
- Appliances: Dishwasher, Electric Cooktop, Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 48
- Full Bathrooms: 16
- Half Bathrooms: 32
Bedrooms
- Total Bedrooms: 32
Other Rooms
- Laundry: In Unit
Parking
- Parking Features: Assigned, Parking Lot, Parking Space(s)
Location
- County: Henderson
- Subdivision: Felix Lake
School Information
- Elementary School: Bruce Drysdale
- Middle School: Hendersonville
- High School: Hendersonville
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Partial, Vinyl
- Roof: Architectural Shingle
- Square Feet: 15,408
- Year Built: 1981
Lot Features
- Street/Road Desc.: Asphalt, Paved
Financial Considerations
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 116153
- Lot Number: 587-840
Listed and Sold by George Real Estate Group Inc
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Schools
Schools serving 333 W Lake Ave
School District:Henderson County Schools
| Name | Grades | Distance |
|---|---|---|
Bruce Drysdale Elementary 271 Bearcat Boulevard, Hendersonville, NC 28792 | K-5 | 1.3 mi |
Hendersonville Middle 825 North Whitted Street, Hendersonville, NC 28791 | 6-8 | 1 mi |
Hendersonville High 1 Bearcat Boulevard, Hendersonville, NC 28791 | 9-12 | 1.1 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 333 W Lake Ave
Date
Details
Price
Change
Source
5/14/2026
Sold
$1,317,500
-51.2%
MLS
10/22/2025
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
333 W Lake Avenue, Hendersonville, NC 28739 (MLS# 4305654) is a Single Family property that was sold at $1,317,500 on May 14, 2026. Want to learn more about 333 W Lake Avenue? Do you have questions about finding other Single Family real estate for sale in Hendersonville? You can browse all Hendersonville real estate or contact a Coldwell Banker agent to request more information.

