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Listed price in listed location currency (USD).
$2,300,000

24240

MLS® 4305685

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 14040 sqft
Garage No
HOA Fees 
Taxes 
Days Active 14
Approx. Age 1986
Avg. Price Per Sqft $163
MLS® Number 4305685

Property Address: 45 Indian River Rd, Hendersonville, NC, 28791-2195

Average square foot calculated using Size range provided by listing agent.

Description

This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units—totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that sets this property apart from typical multifamily offerings. Each building has been thoughtfully cared for and updated as needed over the years, reflecting the owner’s commitment to maintaining the property at the highest standard. The complex is fully connected to city water and city sewer and enjoys an ideal location just minutes from downtown Hendersonville, major retail, restaurants, and medical facilities, making it highly attractive to long-term renters. With consistent occupancy, low turnover, and proven rental history, this property provides an outstanding opportunity for both seasoned investors and those seeking to expand their portfolio with a stable, income-producing asset in one of Western North Carolina’s most desirable markets. The setting offers a balance of privacy and accessibility, with gently sloping terrain, paved access, and ample parking for residents. Each unit’s design emphasizes livability, featuring open-concept layouts, well-equipped kitchens, comfortable bedrooms, and bright sunrooms perfect for year-round enjoyment. The property’s thoughtful design—with only four units per building—ensures a sense of community while maintaining individual privacy and appeal. Opportunities like this rarely come available—an entire 12-unit complex in excellent condition, located in a strong rental market with city utilities, and ideal for investors seeking a well-maintained, turnkey property in a prime Hendersonville location.
MLS® Number4305685
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Unit
Exposure
Exterior
GarageNo
Approx. Age1986
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 14, 2025List Date
$2,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
45 Indian River Rd, Hendersonville, NC

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