40 Coleman Avenue

Asheville, NC 28801

$875,000
Price
1
Beds
4
Baths
2,498 Sq. Ft.
$350 / Sq. Ft.
2,498
Sq. Ft.
$350
per Sq. Ft.

Description

EXCELLENT OPPORTUNITY in N AVL! Welcome to 40 Coleman Avenue, a PRIME four-unit brick building located in a highly sought-after North Asheville, just a stone's throw away from UNCA, Weaver Park, Grove Park Inn, and Beaver Lake. As you approach the property, you'll notice its excellent curb appeal, with a prominent presence on the block. The center staircase provides convenient interior access to the basement, offering ample storage space, as well as rear access for each unit. With its prime location,...EXCELLENT OPPORTUNITY in N AVL! Welcome to 40 Coleman Avenue, a PRIME four-unit brick building located in a highly sought-after North Asheville, just a stone's throw away from UNCA, Weaver Park, Grove Park Inn, and Beaver Lake. As you approach the property, you'll notice its excellent curb appeal, with a prominent presence on the block. The center staircase provides convenient interior access to the basement, offering ample storage space, as well as rear access for each unit. With its prime location, the potential for long-term appreciation and rental income is unparalleled. Don't miss your chance to hit a home run with this exceptional property! Financial details are available to qualified buyers only, so don't hesitate to schedule a showing.
  1. Listed by Jonathan Franzen • EXP Realty LLC • jonathan.franzen@exprealty.com

Property Details for 40 Coleman Avenue

Architectural Style
Traditional
Parking Features
Driveway, On Street, Parking Space(s)
Community Features
Street Lights
LISTING UPDATED: 01/10/2025 05:02 AM

Property Details for 40 Coleman Avenue

StatusActive
MLS #4209787
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1927
Lot Size0.23 AC / 10,018 SF
CountyBuncombe County

Building Information for 40 Coleman Avenue

Stories-Residences-Year Built1927Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 40 Coleman Avenue

Summary
Location and General Information
  • Longitude: -82.553371
  • Zoning: RM8
  • Latitude: 35.613005
  • Directions: From Downtown head North on Merrimon Ave to Right on Coleman Ave. go 1 block and Building is on the Left.
Taxes and HOA Information
  • HOA Subject To: None
  • HOA Subject To Dues: No
  • Tax Assessed Value: $411,000.00
  • Parcel Number: 9649-46-0993-00000
  • City Taxes Paid To: Asheville
School Information
  • Middle Or Junior School: Asheville
  • High School: Asheville
  • Elementary School: Claxton
Parking
  • Parking: Total Spaces: 4.0
  • Parking: Open Spaces: 4.0
  • Parking: Open Parking YN: Yes
  • Parking: Carport Spaces: 0.0
  • Parking: Carport YN: No
  • Garage Spaces: 0.0
  • Garage YN: No
  • Garage Main Level YN: No
  • Parking: Assigned Spaces: 0
Property
Lot Information
  • Above Grade Finished Area: 2498.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Unheated Basement: 1344
  • Sq Ft Other: 0.0
  • Lot Features: Flood Fringe Area, Paved, Creek/Stream, Other - See Remarks
  • Lot Size Dimensions: 51'x193'
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 9
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Restrictions: N/A
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Two or More Access Exits
  • Fencing: Partial
  • Construction Materials: Brick Full
  • Road Surface Type: Asphalt, Paved
  • Roof: Shingle
  • Horse Amenities: None
  • Other Structures: None
Interior Features
  • Appliances: Gas Cooktop, Gas Oven, Gas Water Heater, Refrigerator, Washer/Dryer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Wall Furnace
  • Interior Features: Attic Other, None
  • Laundry Features: In Basement
  • Fireplace YN: No
  • Window Features: Storm Window(s)
  • Flooring: Vinyl, Wood
  • Foundation Details: Basement
  • Basement YN: Yes
  • Basement Features: Storage Space, Unfinished, Walk-Up Access
  • Stories: 2
Multi Family
Multi-Family Information
  • Unit Type: 1 Bedroom
  • Unit Room Type: Kitchen, Bathroom(s), Living Room, Primary Bedroom
  • Number Of Units Total: 4
Rental
Rent Information
  • Security Features: Smoke Detector(s)
  • Tenant Pays: All except water
  • Pets Allowed: Yes

Property History for 40 Coleman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Coleman Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$4,246 ($354 / month)
Home Facts
Baths4Total Finished SqFt2,604 SqFtAbove Grade Finished SqFt2,604 SqFtUnfinished Basement SqFt1,302 SqFtStories2Lot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningDEED DATE: 06CountyBUNCOMBEAPN9649-46-0993-00000

Schools near 40 Coleman Avenue

This home is within Asheville City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - K to 5
Rating
School
Distance
Ira B Jones Elementary
PublicPK to 5

Isaac Dickson Elementary
PublicPK to 5

Hall Fletcher Elementary
PublicPK to 5

Claxton Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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40 Coleman Avenue is a multi-family home for sale in Asheville, NC 28801. This property was listed for sale on January 9, 2025 by EXP Realty LLC, it's currently listed at $875,000. It has been on the market for a total of 2 days and was last sold on June 15, 2010. This listing's school district is Asheville City School District. Nearby schools include Ira B Jones Elementary, Isaac Dickson Elementary and Hall Fletcher Elementary. 40 Coleman Avenue is a 1-bed, 4-bath, 2,498 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of EXP Realty LLC

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.