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50 & 52 Smith Road

Leicester, NC 28748
  • $1,500,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 4357331
UPDATED: 21 min ago
$1,500,000
  • 16
    BEDS
  • 1.9
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 7,732
    SQFT
  • $194
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2004
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Canopy MLS logo Offered by Asheville Realty Group: 828-252-1910. Copyright 2026 Canopy MLS. All rights reserved.

Description

Excellent Investment Opportunity! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.

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MLS Grid logo Based on information submitted to the MLS GRID as of 2026-04-15T18:36:37.017 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Coastal Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Canopy MLS.

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www.carolinacoastalgroup.com/homes/174865253
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50 & 52 Smith Road Leicester, NC 28748

  • Price: $1,500,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 21 min ago
  • MLS #: 4357331
16
Beds
16
Baths
0
½ Baths
1.9
Acres
7,732
SQFT
$194
$/SQFT
2004
Built
Neighborhood:
None
County:
Buncombe
Area:
Leicester
Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
Property Description
Excellent Investment Opportunity! This 8-unit property is 2 quads on adjacent lots, qualifying for conventional lending opportunities. It is just outside of city limits (no city taxes!) but within 20 minutes to the center of Asheville. The buildings share a paved driveway and parking lot, a private 60gpm well, and each has its own septic system (no municipal water/storm drain bill!). All units are 2bd/2ba and have their own washer & dryer. Tenants enjoy nice mountain views from the peaceful back decks, and the big backyard has lots of trees around the perimeter. Units rent for $1600-1650. This easy property is perfect for new investors just venturing into multi-unit ownership, and is also great for seasoned investors looking to grow their portfolio.
Exterior Features

Architectural Style Other Carport YN No Construction Materials Vinyl Construction Type Off Frame Modular Foundation Details Crawl Space Garage YN No Lot Features Green Area Main Level Garage YN No Out Buildings YN Shed(s) Parking Features Parking LotParking Space(s) Patio And Porch Features Deck Road Responsibility Private Maintained Road Road Surface Type AsphaltPaved Roof Composition

Interior Features

Above Grade Finished Area 7732 Additional Parcels Description 9619-36-1753 Appliances DishwasherElectric RangeRefrigeratorWasher/Dryer Basement YN No Below Grade Finished Area 0 Building Area Total 7732 Cooling Heat Pump Flooring Vinyl Heating ElectricHeat Pump Laundry Features In Unit

Property Features

Additional Parcels YN True Association YN No Assumable YN No Auction YN No CCRSubject To No City Taxes Paid To No City Taxes Paid Construction Status Completed Hoa Subject To None New Construction YN No Pets Allowed Yes Property Sub Type Eightplex Senior Community YN No Sewer Septic Installed Special Listing Conditions Subject to Lease Tenant Pays All except water Utilities Cable ConnectedElectricity Connected View Mountain(s) Water Source Well Zoning OU



MLS Grid logo Based on information submitted to the MLS GRID as of 2026-04-15T18:36:37.017 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Coastal Group nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Canopy MLS.

“Listings courtesy of Canopy MLS as distributed by MLS GRID

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Carolina Coastal Group
514 N Howe St
Southport NC, 28461
Canopy MLS logo Offered by Asheville Realty Group: 828-252-1910. Copyright 2026 Canopy MLS. All rights reserved.