40 Mulberry Street, Asheville, NC 28804
None · Buncombe County
Key Facts
Description
Asheville's most desirable and rapidly growing areas. Whether you're looking to expand your real estate portfolio, purchase your first investment, or secure a home with long-term appreciation potential, this property offers an outstanding opportunity. Ideally located just minutes from downtown Asheville, River Arts District, breweries, restaurants, shopping, and major employers, this home combines convenience with strong rental appeal. The property has a proven history of generating income and offers excellent potential for continued cash flow or future value appreciation. The functional floor plan, low-maintenance lot, and prime location make this an attractive option for both long-term tenants and owner-occupants seeking an affordable Asheville home. Investors will appreciate the opportunity to capitalize on Asheville's continued demand for quality housing in a sought-after neighborhood. Whether you're searching for a rental property, investment home, cash-flow opportunity, or a property with room for future equity growth, 40 Mulberry Street checks all the boxes. Rare opportunities like this in Asheville don't last long.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1955
Living Area
879 sq ft
Zoning
R-7
Days on Market
1
MLS® Listing#
4405091
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Patio
Roof
Sewer
Water Source
Schools
- Elementary:
- Woodfin/Eblen
- Middle:
- Clyde A Erwin
- High:
- Clyde A Erwin
Financial Details
HOA
None
Assessed Value
$136,900
Parcel Number
9730-72-1219-00000
Directions
From Asheville take 19/23 North to Exit 24: Elk Mountain Road. Right at end of ramp. Right onto Rosecrest Street. Right onto Mulberry. House 40 is located on your left.
Affordability Calculator
$65,800
Estimated monthly payment
$1,751/mo
Principal $263,200 · Est. interest $367,187 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Asheville, NC
- $591,255
- Median Listing Price
- 74
- Median Days on Market
- 1,883
- Median Sq Ft
- $326
- Median Price / Sq Ft
- 987
- Active Listings
- This home’s price is 44% below the area median.
- Its price per sq ft is 15% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Asheville, NC.
Location
Getting Around
Points of Interest in Asheville, NC
Showing the Asheville area map.
Nearby Schools
Woodfin Elementary School
Elementary · 0.6 mi away
North Asheville Christian School
Secondary · 1.4 mi away
Hanger Hall School
Secondary · 1.4 mi away
Asheville Catholic School
Elementary · 1.5 mi away
Buncombe County Schools
School · 1.6 mi away
Ira B Jones Elementary School
Elementary · 1.6 mi away
North Asheville Preschool
School · 1.6 mi away
Claxton Elementary School
Elementary · 1.9 mi away
Asheville Montessori School
Elementary · 2.0 mi away
Emma Elementary
Elementary · 2.1 mi away
Blue Ridge Montessori School
Elementary · 2.2 mi away
Asheville City Schools
Elementary · 2.3 mi away
Joe P. Eblen Intermediate School
Secondary · 2.4 mi away
Nazarene Christian School
Secondary · 2.6 mi away
West Buncombe Elementary School
Elementary · 2.6 mi away
Mountain City Public Montessori
Elementary · 2.7 mi away
Central United Methodist Church
School · 2.7 mi away
Literacy Council of Buncombe County
Elementary · 2.7 mi away
Temple Baptist Church
School · 2.8 mi away
Erwin High School
Secondary · 2.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 605 Carlyle Way, Asheville, NC | $232,900 | 2 | 2 | 1,160 |
| 2604 Vineyard Boulevard, Asheville, NC | $233,000 | 2 | 2 | 988 |
| 9 Ravencroft Lane B-9 and Garage 2 Unit D, Asheville, NC | $235,000 | 2 | 2 | 1,046 |
| 233 Appeldoorn Circle, Asheville, NC | $237,000 | 2 | 2 | 979 |
| 615 Biltmore Avenue T8, Asheville, NC | $239,000 | 1 | 1 | 575 |
| 409 Carlyle Way, Asheville, NC | $239,000 | 2 | 2 | 1,222 |
Moving Cost Estimate
EXIT Agents in Asheville
Listing Courtesy: Ivester Jackson Blackstream - shane@ijbproperties.com
Last Updated: 2026-07-19
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