347 State St., Asheville, NC
Fixer Opportunity in Prime Asheville Location
This West Asheville fixer presents a rare opportunity to get into one of the region’s most sought-after markets at a fraction of the typical entry price. Tucked into a neighborhood known for its historic charm and ongoing revitalization, this home offers the kind of upside potential that’s getting harder to find in Asheville. Whether you're looking to fix and flip or hold as a long-term rental, the strong demand and limited inventory in 28806 create an ideal backdrop for your investment strategy.
The property needs interior and exterior updates, new windows, and HVAC installation—but the bones are solid, and the roof is around 15 years old. Surrounded by local parks, shops, and other restored homes, this one is perfectly positioned for value-add renovations. At this price point, it’s an opportunity for the right investor to bring vision and capital to a fast-appreciating area.
Property Details:
Address: 347 State St, Asheville, NC 28806
Year Built: 1946
Property Type: Single Family
Bedrooms/Bathrooms: 2 beds, 1 bath
Square Footage: 672 sq. ft.
Lot Size: 0.25 acre
Pictures
Assignment of Contract
⇣ Reduced Price ⇣
Asking Price: ̶$̶2̶1̶0̶,̶0̶0̶0̶ $180,000
ARV: $280,000
Nearby Sales for Reference
Below are three tiers of comparable sales within 0.6 miles of the subject property, all sold within the past 12 months. Each comp features under 1,000 sq. ft. of living space, offering a relevant snapshot of value in this neighborhood.
279 State St
310 Riverview Dr
12 Dale St
Assignment of Contract
⇣ Reduced Price ⇣
Asking Price: ̶$̶2̶1̶0̶,̶0̶0̶0̶ $180,000
ARV: $280,000
