40 Coleman Ave, Asheville, NC, 28801

$875,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
4 Full Baths
2,498 SqFt
$350/SqFt
Multi

Location

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40 Coleman Ave, Asheville$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingDriveway, On Street, Parking Space(s)
Year Built1927
HeatingNatural Gas, Wall Furnace
CoolingWindow Unit(s), None
BasementYes
MLS #4209787
StatusActive

About 40 Coleman Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1927
  • Stories: 2
  • Living Area: 2,498 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Email: jonathan.franzen@exprealty.com

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Oven, Gas Water Heater, Refrigerator, Washer/Dryer
  • Basement: Yes
  • Flooring Type: Vinyl, Wood
  • Interior: Attic Other, None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Driveway, On Street, Parking Space(s)

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace
  • Cooling: Window Unit(s), None

Other

Directions Information:

  • Directions: From Downtown head North on Merrimon Ave to Right on Coleman Ave. go 1 block and Building is on the Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $350/SqFt

Tax Information:

  • Annual Amount: $4,017
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Asheville, NC.

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Asheville, NC

City

Med. Sold Price

$490K

Med. Price/SqFt

$312

Avg. Days On Market

62

# of Sold Homes

121

40 Coleman Ave vs Asheville

2 DAYS ON ROCKET

-60 Days

$875,000

+$384.9K More

$350/SqFt

+$37 More

KEY TAKEAWAY

This property is $384.9K more than the Median Sold Price and $37/SqFt more than other homes in Asheville, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4209787

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Email: jonathan.franzen@exprealty.com

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 1:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 14, 2010Home Sold
$260,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,017$411,000
2020$4,017$372,700
2019$4,017$372,700
2017$4,055$372,700

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1917011
5
/10

  • Claxton Elementary School

  • 241 Merrimon Ave

  • 0.35 miles

  • Public Magnet Grades KG-5

school-card-donut-1917012
6
/10

  • Ira B Jones Elementary School

  • 544 Kimberly Ave

  • 1.23 miles

  • Public Magnet Grades PK-5

school-card-donut-1917013
3
/10

  • Isaac Dickson Elementary School

  • 125 Hill St

  • 1.36 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,125. Typical income of Asheville, NC residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Asheville, NC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Asheville, NC.

Asheville's housing market is diverse, offering a mix of historic bungalows, contemporary condos, and spacious family homes. The architectural landscape is a blend of Art Deco, Beaux-Arts, and Neoclassical styles, particularly evident in the city's historic districts. Single-family homes are prevalent, while condos and townhouses provide urban living options. The homeownership rate in Asheville is around 65%, with the remainder of residents opting to rent.

What is it like to live in Asheville, NC?

Asheville is celebrated for its vibrant arts scene and historic architecture. The community prides itself on a strong sense of local identity, with numerous galleries, theaters, and live music venues that reflect its cultural richness. Annual events like the Asheville Fringe Arts Festival and the Craft Fair of the Southern Highlands showcase the city's creative spirit and Appalachian heritage.

Is it easy to get around Asheville, NC without a car?

The city is served by a robust educational system, including a variety of public and private schools, catering to different educational needs. Asheville's healthcare network is comprehensive, with facilities offering a range of services from primary care to specialized treatments. The public library system is well-established, providing residents with access to a wealth of resources. Retail and dining options abound, featuring local crafts and farm-to-table dining experiences that highlight Asheville's commitment to sustainability and local entrepreneurship.

Transportation in Asheville, NC.

Asheville's transportation infrastructure includes a network of bus routes connecting different parts of the city, with schedules designed to accommodate commuters and residents alike. While specific ride-sharing services are available, the city also encourages eco-friendly travel with bike lanes and pedestrian-friendly areas, particularly in the downtown district. Major highways such as I-40 and I-26 facilitate travel in and out of Asheville, with ongoing projects aimed at improving traffic flow and reducing congestion.

Rocket Homes›North Carolina›Buncombe County›Asheville›28801›40 Coleman Ave

This home is located at 40 Coleman Ave in Asheville, NC and zip code 28801. This 2,498 square foot home was built in 1927. Features: 1 bedroom, 4 bathrooms. It has been listed on Rocket Homes since January 09, 2025 and is currently priced at $875,000.

While more than 13 listings in Asheville, NC in December 2024 were sold above asking price, there were more than 22 listings sold at asking price, and more than 86 were sold below. Between November 2024 and December 2024, Asheville, NC real estate market has seen increase in the number of listings by 4.8%. In December 2024 median list price was $490,006 and the average listing age was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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