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41 Panola Street, Asheville, NC 28801 ACTIVE 1 of 48 41 Panola Street, Asheville, NC 28801 — photo 2 41 Panola Street, Asheville, NC 28801 — photo 3 41 Panola Street, Asheville, NC 28801 — photo 4 41 Panola Street, Asheville, NC 28801 — photo 5
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$799,000 Est. $5,505/mo — Get pre-qualified
5beds 4baths 3,066sq ft 0.28acres

41 Panola Street · Asheville, NC 28801

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Stately four-plex residence of a Dutch Colonial Revival style on over 1/4 acre. Prime, in-town location on a quiet, tree-lined street. A unique investment opportunity with all four units currently leased and consistent rental income over the years. One 2 BR/1 BA unit, and the others are all 1 BR/1 BA. Many charming, original details. Offering a nostalgic presence with its mostly hardwood floors throughout, and tall ceilings on the main. All can enjoy the beautiful garden areas, with hydrangeas galore. The private, open backyard is where the outdoors is easily embraced. Tenants can also choose to relax on the covered front or rear porches. The National Register of Historic Places noted 41 Panola St. as an early 20th c. vernacular shingle dwelling within the Montford Area Historic District. Information about the Historic Resources Commission and the Montford guidelines can be found on the Asheville City webpage. This classic home has an interesting past, old appeal, and much potential. Some may say it seems a little tired, yet there's plenty to love. Continue with this successful rental (likely its best use) in its present state, or new owners may choose to bring this vintage beauty back to its bygone majesty. Convenient to all things Asheville! Moments from Montford Park, UNCA, Botanical Gardens, Reed Creek Greenway, popular restaurants (such as All Day Darling and Nine Mile) and entertainment venues (like Harrah's Cherokee Center and Thomas Wolfe Auditorium). Trader Joe's, Whole Foods and more, are about 1 mile away. Consider generating extra monthly income! Cannot match this desirable Asheville neighborhood. Could this be the place and time? **Please do not walk the property unless the listing agent confirms the buyer's agent's appointment requests. Listing agent will accompany at showings. 24-hour+ notice is a must. Pre-approval or proof-of-funds needed prior to confirming showings.**

Features & Amenities

Living Area3,066 Sq.Ft.
Bedrooms5
Baths4
HeatingNatural Gas, Other - See Remarks
CoolingCeiling Fan(s), Window Unit(s)
FlooringCarpet, Vinyl, Wood
FireplaceOther - See Remarks
AppliancesGas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer
Interior FeaturesEntrance Foyer
LaundryIn Basement
Exterior FeaturesFire Pit, Lawn Maintenance
StyleColonial
Year Built1903
ConstructionBrick Partial, Shingle/Shake, Wood
RoofArchitectural Shingle
FoundationBasement
ParkingDriveway, On Street, Parking Space(s), Shared Driveway
StatusActive
Lot Size0.28 Acres
Lot FeaturesGreen Area, Level, Private, Wooded
SubdivisionMontford
CountyBUNCOMBE
Property TypeResidential Income
Property SubTypeMulti Family
Last UpdatedOct 9, 2026
UtilitiesCable Available, Electricity Connected, Natural Gas
SewerPublic Sewer
Water SourceCity
HOANo
Community FeaturesOther
ElementaryAsheville City Elementary School
MiddleAsheville Middle School
HighAsheville High School
Presented By: Town and Mountain Realty; sean@townandmountain.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

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