49 Madison Avenue
Asheville, NC 28801
Est. $1,954/mo — See my rate
$235/Sq Ft
3 bd · 1 ba · 1,445 sqft · $235/sqft
About This Home
Investment Opportunity: Prime Development Potential in the Heart of Asheville. Renovate and FLIP!! Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, Trader Joe’s, the iconic Grove Park Inn, and the vibrant local scene at Weaver Park. This is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity or your Renovation Team.
Maximum Density: Thanks to its RM8 zoning district, this property allows for up to four units. Flexible Development: Beyond a standard ADU, the land permits the construction of a second house with unrestricted size, or the opportunity to redevelop the entire site into a 4-plex. Convenient Infrastructure: Featuring alley access, the site is perfectly situated to support a design that includes a ground-floor garage with living space above, maximizing utility and square footage.
Strategic Location: Enjoy an unbeatable location that places your future residents near top-tier amenities, including local dining favorites like the Chop House Butchery and TACO Temple.
This property is being sold "as-is," serving as the perfect blank canvas for a visionary developer or investor looking to bring a project to life in one of Asheville’s most desirable areas. Whether you are looking to renovate the existing structure or leverage the site for multi-unit development, the foundation for success is already here.
All potential buyers are encouraged to verify zoning possibilities and development plans directly with the City of Asheville Planning and Urban Design Department.
Property Details
Interior Details
- Heating
- Heat Pump
- Sqftmain
- 805
- Roomcount
- 2
- Sqftlower
- 0
- Sqftthird
- 0
- Sqftupper
- 640
- Bedroommain
- 1
- Bedroomupper
- 2
- Fullbathmain
- 0
- Halfbathmain
- 0
- Fullbathupper
- 1
- Halfbathupper
- 0
- Half Bathrooms
- 0
- Total Bathrooms
- 1
- Laundry Features
- None
- Mainlevelgarageyn
- 0
- Sqftunheatedtotal
- 0
- Sqfttotalpropertyhla
- 1445
Square Footage And Levels
- Levels
- Two
- Above Grade Finished Area
- 1445
- Below Grade Finished Area
- 0
Parking And Garage
- Parking Features
- On Street
Exterior Features
- Construction Materials
- Hardboard Siding
Lot And Land
- Lot Size Acres
- 0.14
- Lot Size Units
- Acres
Basement And Foundation
- Basement
- Dirt Floor
- Foundation Details
- Basement
Utilities
- Sewer
- Public Sewer
- Water Source
- City
Financial Information
- Citytaxespaidto
- Asheville
Zoning And Restrictions
- Zoningspecification
- R M8
Listed by Robert Hoke (828-280-3029) · Blueblaze Real Estate Group LLC (828-273-3349)
Location
- Address
- 49 Madison Avenue
- City
- Asheville, NC 28801
- Community
- Hillside Park
Schools
- Elementary
- Claxton
- Middle
- Asheville
- High
- Asheville
School assignments may change. Contact the school district to confirm.
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