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2 Beds
1 Bath
973 sqft

$279,900

24 Timothy Street, Asheville NC, 28801

Price per sqft$287.67
Built in1928
Property size973 sqft
Property typeResidential
Courtesy of Blueblaze Real Estate Group LLC, Robert Hoke Listing Contact: [email protected]

Overview

Under contract

Under Contract-show

Listed Sep 9, 2026

Updated 7 days ago

Prime Development Potential in the Heart of Asheville, to help the housing shortage. Renovate, RENT OR FLIP!! Renovate and Build your Family Compound. Current regulations allow 2 units for the first 4000 SF and 1 additional unit for each extra 1000 SF of lot area. So, each lot could be 5,000+ square feet = total of 3 units. Just in time to celebrate the Significant WIN for Housing in the City of Asheville, that will allow duplexes in all residential zoning districts, Increase the size of ADU's. Unlock the immense value of this strategically located property, situated just minutes from downtown Asheville, his is more than just a home it is a rare opportunity to capitalize on flexible RM8 zoning that offers exceptional versatility for residential expansion or full-scale redevelopment. Why Investors Will Love This Opportunity The Value is there!! With great potential to Build More homes!! Maximum Density: Possibility of 1 Duplex per lot HVAC is 5 years old and is ready for the Heat, 220 Electrical Box. Buyers must verify with City planning on subdividing and what structures can be developed on each lot. Property IS Sold AS IS No Repairs by the Seller

$1,862/mo

Est. mortgage payment based on a $279,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4412352

Interior Features

Bedrooms
2
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.27 Acres

Other Property Details

55+/Senior Community
No

Listings courtesy of Canopy MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Preston Mayfield shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 10:02 AM UTC on 9/22/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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