# 181 Merrimon Avenue, Asheville, NC 28801

> **TL;DR:** multi-family, $998,000, built 1907.
> View. Est. $4,325/mo. Listed 518 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $998,000 |
| Year Built | 1907 |
| Lot Size | 17,860 sqft (0.41 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 518 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,325 |
| **Total** | **$4,325** |

## Nearby Schools

- **Elementary:** Asheville City
- **Middle:** Asheville
- **High:** Asheville

## Key Amenities

- View

## Property Highlights

- Built in 1907
- 0.41 acre lot
- 2 stories

## Description

### Agent Description
INVESTMENT OPPORTUNITY! Classic Asheville four-plex walking distance to downtown with great street exposure. Situated on a large .41 acre lot with plenty of off street parking, these four units have tremendous potential. There are two studio apartments, one large bedroom apartment with private balcony and a two-bedroom/two-bath apartment with private patio and bonus room. All units have their own electric meter and run off the same natural gas boiler. The property is commercially zoned (CB1) and could be converted to commercial use.

## Location

- **Address:** 181 Merrimon Avenue, Asheville, NC 28801
- **County:** Buncombe
- **Coordinates:** 35.60544355, -82.55258381
- **Google Maps:** https://www.google.com/maps?q=35.60544355,-82.55258381

## Listing Agent

- **Name:** Gray Tolson
- **Brokerage:** Appalachian Realty Associates
- **Phone:** 8282794058
- **Email:** gray@appalachianrealty.com

## Primary Photo

![181 Merrimon Avenue - Primary Photo](http://lh.rdcpix.com/5d1992fc229bc3ebc293fa123f44d40el-f4251554960r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/181-merrimon-avenue-asheville-nc-28801-4197890)*

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**MLS#:** 4197890 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/181-merrimon-avenue-asheville-nc-28801-4197890)

---

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