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$137,500
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Property Description
This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units-totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that sets this property apart from typical multifamily offerings. Each building has been thoughtfully cared for and updated as needed over the years, reflecting the owner's commitment to maintaining the property at the highest standard. The complex is fully connected to city water and city sewer and enjoys an ideal location just minutes from downtown Hendersonville, major retail, restaurants, and medical facilities, making it highly attractive to long-term renters. With consistent occupancy, low turnover, and proven rental history, this property provides an outstanding opportunity for both seasoned investors and those seeking to expand their portfolio with a stable, income-producing asset in one of Western North Carolina's most desirable markets. The setting offers a balance of privacy and accessibility, with gently sloping terrain, paved access, and ample parking for residents. Each unit's design emphasizes livability, featuring open-concept layouts, well-equipped kitchens, comfortable bedrooms, and bright sunrooms perfect for year-round enjoyment. The property's thoughtful design-with only four units per building-ensures a sense of community while maintaining individual privacy and appeal. Opportunities like this rarely come available-an entire 12-unit complex in excellent condition, located in a strong rental market with city utilities, and ideal for investors seeking a well-maintained, turnkey property in a prime Hendersonville location.
Full Property Details
Full Property Details for 45 Indian River Rd
General
- Sold For: $137,500
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4305685
- Added to Site: 212 day(s) ago
Interior
- Appliances: Dishwasher, Electric Cooktop, Electric Oven
Rooms
Bathrooms
- Total Bathrooms: 24
- Full Bathrooms: 24
Bedrooms
- Total Bedrooms: 24
Other Rooms
- Laundry: In Unit
Parking
- Parking Features: Parking Lot, Parking Space(s)
Location
- County: Henderson
School Information
- Elementary School: Bruce Drysdale
- Middle School: Hendersonville
- High School: Hendersonville
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Central Air, Wall Unit(s)
- 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: 14,040
- Year Built: 1986
Lot Features
- Street/Road Desc.: Concrete, Paved
- Lot Features: Green Area, Level, Paved, Wooded
Financial Considerations
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 100705
- Lot Number: 637-313
Listed and Sold by George Real Estate Group Inc
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Schools
Schools serving 45 Indian River Rd
School District:Henderson County Schools
| Name | Grades | Distance |
|---|---|---|
Hendersonville Elementary 1039 Randall Circle, Hendersonville, NC 28791 | K-5 | 1.3 mi |
Clear Creek Elementary, Hendersonville, NC 737 North Clear Creek Road, Hendersonville, NC 28792 | K-5 | 3.1 mi |
Hendersonville Middle 825 North Whitted Street, Hendersonville, NC 28791 | 6-8 | 1.4 mi |
Hendersonville High 1 Bearcat Boulevard, Hendersonville, NC 28791 | 9-12 | 1.6 mi |
Henderson Co Early College High 300 East Campus Drive, Flat Rock, NC 28731 | 9-12 | 4.1 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 45 Indian River Rd
Date
Details
Price
Change
Source
5/14/2026
Sold
$137,500
-94.02%
MLS
10/22/2025
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
45 Indian River Road, Hendersonville, NC 28791 (MLS# 4305685) is a Single Family property that was sold at $137,500 on May 14, 2026. Want to learn more about 45 Indian River Road? 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.

