$1,449,000
 $7,559 est/mo Sourced by Back At You

50 & 52 Smith Road,Leicester, NC 28748

Leicester, NC 28748

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Description

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. This tranquil setting is unique, makes the apartments more desirable, and drives interest. 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.

Details

MLS #4357331
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year2004
Days On Site135
Listing Provided ByAsheville Realty Group | Tonya Oxford

Features

Bed(s)16
Bath(s) 16 Total
SQ Feet7,732
Story(s)2
Units8
ZoningOU
Acreage1.90
Property ViewMountain(s)

Interior

CoolingHeat Pump
HeatingElectric, Heat Pump
AppliancesDishwasher, Electric Range, Refrigerator, Washer/Dryer

Exterior

RoofComposition
Construction MaterialsVinyl
Foundation DetailsCrawl Space
Lot FeaturesGreen Area

Parking

Garage Yes / NoNo
Parking FeaturesParking Lot, Parking Space(s)

Utilities

UtilitiesCable Connected, Electricity Connected

Other

List AorLand of The Sky Association of Realtors

Taxes

Property1083400

Area Information

StateNC
CountyBuncombe
CityLeicester
Zip Code28748
AreaBuncombe
School DistrictUnspecified
Elementary SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in 28748)
Price:
$1,449,000
low | high
Med:
$554,950
100% of Average
sqft:
7,732
low | high
Med:
1,966
100% of Average
$ / sqft:
$187
low | high
Med:
$318
19.445631263222% of Average
On site:
135
low | high
Med:
59
100% of Average
Sourced by Back At You

Market Activity 28748

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 20, 2026 at 1:32:14 AM PDT 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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Learn More About This Property

StateNC
CountyBuncombe
CityLeicester
Zip Code28748
AreaBuncombe
School DistrictUnspecified
Elementary SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in 28748)
Price:
$1,449,000
low | high
Med:
$554,950
100% of Average
sqft:
7,732
low | high
Med:
1,966
100% of Average
$ / sqft:
$187
low | high
Med:
$318
19.445631263222% of Average
On site:
135
low | high
Med:
59
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 4:56:53 PM PDT