$799,000
 $4,168 est/mo Sourced by Back At You

41 Panola Street,Asheville, NC 28801

Asheville, NC 28801

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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.**

Details

MLS #4406063
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1903
Days On Site43
Listing Provided ByTown and Mountain Realty | Lorraine Silverman

Features

Bed(s)5
Bath(s) 4 Total
SQ Feet3,066
BasementY
Story(s)2
Units4
ZoningRM8
Acreage0.28

Interior

CoolingCeiling Fan(s), Window Unit(s)
HeatingNatural Gas, Other - See Remarks
Interior FeaturesEntrance Foyer
Window FeaturesStorm Window(s)
AppliancesGas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer

Exterior

Exterior FeaturesFire Pit, Lawn Maintenance
RoofArchitectural Shingle
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Construction MaterialsBrick Partial, Shingle/Shake, Wood
Foundation DetailsBasement
Lot FeaturesGreen Area, Level, Private, Wooded

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, On Street, Parking Space(s), Shared Driveway

Utilities

UtilitiesCable Available, Electricity Connected, Natural Gas

Location

Community FeaturesOther

Other

List AorLand of The Sky Association of Realtors

Taxes

Property605300

Area Information

StateNC
CountyBuncombe
CityAsheville
Zip Code28801
AreaBuncombe
Community NameMontford
School DistrictAsheville
Elementary SchoolAsheville City
High SchoolAsheville
Listing VS Median (in Montford)
Price:
$799,000
low | high
Med:
$798,000
50.125156445557% of Average
sqft:
3,066
low | high
Med:
2,571
66.14481409002% of Average
$ / sqft:
$261
low | high
Med:
$310
30.896044209287% of Average
On site:
43
low | high
Med:
32
100% of Average
Sourced by Back At You

Market Activity 28801

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 24, 2026 at 8:01:58 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyBuncombe
CityAsheville
Zip Code28801
AreaBuncombe
Community NameMontford
School DistrictAsheville
Elementary SchoolAsheville City
High SchoolAsheville
Listing VS Median (in Montford)
Price:
$799,000
low | high
Med:
$798,000
50.125156445557% of Average
sqft:
3,066
low | high
Med:
2,571
66.14481409002% of Average
$ / sqft:
$261
low | high
Med:
$310
30.896044209287% of Average
On site:
43
low | high
Med:
32
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:10:57 PM PDT