# 37 Water Street, Asheville, NC 28801 > **TL;DR:** commercial, $540,000, built 1925. > A/C. Est. $2,889/mo. Listed 69 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $540,000 | | Year Built | 1925 | | Lot Size | 4,487 sqft (0.10 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 69 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,731 | | Estimated Insurance | $158 | | **Total** | **$2,889** | ## Key Amenities - A/C ## Property Highlights - Built in 1925 - 0.10 acre lot - 2 stories - 3 parking spaces ## Description ### Agent Description Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. The remaining three units are currently rented, providing immediate income for the next owner. The building also offers shared interior stair access and a common basement/laundry area available to tenants. Conveniently located close to downtown, the River Arts District, shopping, dining, and Asheville amenities. This is an older Asheville property with character and a proven rental history-not new construction-and there remains opportunity for additional TLC and improvements over time. The combination of existing rental income, a freshly renovated vacant unit, and a close-in location makes 37 Water Street an appealing opportunity for an investor looking to add value while maintaining an income-producing property. ## Location - **Address:** 37 Water Street, Asheville, NC 28801 - **County:** Buncombe - **Coordinates:** 35.57564, -82.558143 - **Google Maps:** https://www.google.com/maps?q=35.57564,-82.558143 ## Listing Agent - **Name:** Peter Lorenz - **Brokerage:** Keller Williams Professionals - **Broker Phone:** (828) 254-7253 ## Photos ![37 Water Street - Photo 1](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f3578813899r.jpg) ![37 Water Street - Photo 2](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f2889904608r.jpg) ![37 Water Street - Photo 3](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f2232969232r.jpg) ![37 Water Street - Photo 4](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f3571941281r.jpg) ![37 Water Street - Photo 5](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f1565042990r.jpg) ![37 Water Street - Photo 6](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f1128943420r.jpg) ![37 Water Street - Photo 7](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f3125776662r.jpg) ![37 Water Street - Photo 8](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f684314517r.jpg) ![37 Water Street - Photo 9](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f2990779670r.jpg) ![37 Water Street - Photo 10](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f383749376r.jpg) ![37 Water Street - Photo 11](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f1706749615r.jpg) ![37 Water Street - Photo 12](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f1527276158r.jpg) ![37 Water Street - Photo 13](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f3428608688r.jpg) ![37 Water Street - Photo 14](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f3220479298r.jpg) ![37 Water Street - Photo 15](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f2115426751r.jpg) ![37 Water Street - Photo 16](http://lh.rdcpix.com/41537a2cf5ac70fe161dfb798243a7ccl-f2325279738r.jpg) --- **MLS#:** 4417990 | **Updated:** 2026-10-31 **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://staging.propertysimple.ai/listing/37-water-street-asheville-nc-28801-c44f03e7c8c149e1a3929adbcc47ace3) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/37-water-street-asheville-nc-28801-c44f03e7c8c149e1a3929adbcc47ace3#listing", "url": "https://staging.propertysimple.ai/listing/37-water-street-asheville-nc-28801-c44f03e7c8c149e1a3929adbcc47ace3", "name": "37 Water Street, Asheville, NC 28801", "description": "Investment opportunity just minutes from downtown Asheville! This established four-unit property features four approximately 500-square-foot, one-bedroom/one-bath apartments, including one fully remodeled and currently vacant unit ready for a new tenant or owner occupant. 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