41 Panola Street
Asheville, NC 28801
Est. $5,071/mo20% down · 7.125% · 30-yrAdjust
- P&I$4,306
- Taxes$499
- Insurance$266
- PMI$0
- HOA$0
Principal, interest, property tax, insurance & HOA. Estimate only — not a loan offer.
$261/Sq Ft
5 bd · 4 ba · 3,066 sqft · $261/sqft
About This Multi-Family Property
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.**
Property history
-
Aug 5, 2026Listed for sale $799,000 ActiveListed 3 Days
-
Jul 19, 2018Sold $622,500 ClosedListed $650,000 · Apr 3, 2018 107 days on market
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May 24, 2018Price reduced $650,000 ClosedWas $690,000
Show 1 more Show less
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Apr 3, 2018Previously listed $650,000 Closed
Property Details
Interior Details
- Heating
- Natural Gas
- Other - See Remarks
- Flooring
- Carpet
- Vinyl
- Wood
- Exclusions
- gargoyle statue in backyard
- Room Other
- Bedroom(s)
- Bathroom(s)
- Dining Area
- Basement
- Laundry
- Door Features
- Storm Door(s)
- Window Features
- Storm Window(s)
- Laundry Features
- In Basement
- Interior Features
- Entrance Foyer
- Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
- Fireplace Features
- Other - See Remarks
- Unheated Basement Sq Ft
- 630
Dwelling And Structure
- Construction Type
- Site Built
- Architectural Style
- Colonial
- Other
Square Footage And Levels
- Above Grade Finished Area
- 3066
Parking And Garage
- Open Parking
- true
- Parking Features
- Driveway
- On Street
- Parking Space(s)
- Shared Driveway
- Open Parking Spaces
- 3
Exterior Features
- Roof
- Architectural Shingle
- Exterior Features
- Fire Pit
- Lawn Maintenance
- Construction Materials
- Brick Partial
- Shingle/Shake
- Wood
- Patio And Porch Features
- Covered
- Front Porch
- Rear Porch
Lot And Land
- Lot Features
- Green Area
- Level
- Private
- Wooded
- Lot Size Acres
- 0.28
- Lot Size Units
- Acres
- Other Structures
- Other - See Remarks
Basement And Foundation
- Basement
- Exterior Entry
- Partial
- Unfinished
- Foundation Details
- Basement
Utilities
- Sewer
- Public Sewer
- Utilities
- Cable Available
- Electricity Connected
- Natural Gas
- Water Source
- City
Financial Information
- City Taxes Paid To
- Asheville
Zoning And Restrictions
- Zoning
- R M8
- Restrictions
- Historical
- Subject To Ccrs
- No
- Restrictions Description
- Within Montford Historic District
Multi Unit Details
- Total Number Of Units
- 4
Listed by Lorraine Silverman (828-230-5328) · Town and Mountain Realty (828-232-2879)
Location
- Address
- 41 Panola Street
- City
- Asheville, NC 28801
- Community
- Montford
Schools
- Elementary
- Asheville City
- Middle
- Asheville
- High
- Asheville
School assignments may change. Contact the school district to confirm.
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