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$ 5,500,000
Est. payment /mo
New
42 Furman AVE Asheville, NC 28801
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Bed/Breakfast
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4359264
Construction Status Completed
Year Built 1928
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Bed/Breakfast
Property Description
42 Furman Avenue represents one of the most compelling short-term rental investment opportunities in downtown Asheville—a fully licensed, purpose-built 16-unit STR asset in a market where new permits are no longer issued. Spanning approximately 8,395 square feet across three stories plus a walkout basement, the building was completely renovated to the studs and redesigned specifically for short-term rental use, delivering modern interiors, efficient layouts, and strong visual appeal for today's guest expectations. The unit mix includes twelve one-bedroom units and four studios, all configured to maximize occupancy and revenue potential. Located less than a mile from Asheville's core attractions—including its nationally recognized dining scene, River Arts District, and cultural amenities—the property benefits from consistent year-round demand. With dedicated parking, an active and compliant STR license, and a structure that cannot be replicated under current regulations, this asset offers a rare combination of scale, location, and operational upside for an investor seeking to establish or expand a presence in one of the Southeast's most resilient short-term rental markets.
Location
State NC
County Buncombe
Zoning OFFICE
Rooms
Basement Finished, Full
Interior
Inclusions Building, Business, Licenses, Other
Exterior
View City
Street Surface Paved
Building
Dwelling Type Site Built
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions Short Term Rental Allowed,Use
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Tyler Coon • EXP Realty LLC • tyler@savvy.realty