UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,789 sqft
Price per Sqft $155
Subdivision Galax Park
MLS Listing ID 4424832
Style Bungalow
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 1,176
Year Built 1909
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Property Description
Welcome to 119 Fairfax, ideally located just off Haywood Road in the heart of **West Asheville and just minutes from Downtown Asheville**. This classic early-1900s duplex sits on an **oversized RM-8 zoned lot**, offering a rare combination of location, rental income potential, renovation opportunity, and future development possibilities.
The existing duplex offers two potential income-producing units. The upper level features a spacious **3-bedroom, 1-bath layout ready for remodeling**, while the lower-level **1-bedroom, 1-bath unit has been recently renovated** and is move-in ready, with a recent lease at **$1,250/month**per apartment.
There are multiple ways to envision this property. **Update and renovate the existing duplex**, creating an attractive income-producing property in one of Asheville's most desirable areas—or explore the potential to **redevelop the property entirely**, taking advantage of the large lot and RM-8 zoning. Depending on applicable zoning requirements, site conditions, access, setbacks, parking, and City approvals, the property may offer potential for **additional residential development or more than one structure**.
For an investor, the existing duplex provides an opportunity to generate rental income while evaluating future options. For a developer, the **oversized RM-8 lot in such a close-in West Asheville location** presents an opportunity worth exploring.
Enjoy being just minutes from **Haywood Road, West Asheville's restaurants, breweries, shops, and entertainment, as well as Downtown Asheville**. Properties offering this combination of location, lot size, existing income potential, and development possibilities are increasingly difficult to find.
**Renovate it. Reimagine it. Redevelop it. The possibilities at 119 Fairfax are worth exploring.** Buyers should independently verify all zoning, density, development, access, parking, and building possibilities with the City of Asheville.
To see photos of when it was occupied see Residential multi unit number 4365834 withdrawn.
Location
State NC
County Buncombe
Zoning RM8
Rooms
Basement Apartment, Daylight, Storage Space
Interior
Heating Oil
Cooling Window Unit(s)
Flooring Concrete, Laminate, Linoleum, Vinyl
Fireplace false
Appliance Electric Range, Refrigerator
Laundry Common Area, In Basement
Exterior
Utilities Available Cable Available, Electricity Connected
Roof Type Composition
Street Surface Concrete,Dirt,Gravel,Paved
Porch Covered, Front Porch, Patio
Total Parking Spaces 6
Garage false
Building
Lot Description Infill Lot, Sloped, Wooded
Dwelling Type Site Built
Foundation Basement
Sewer Public Sewer
Water City
Architectural Style Bungalow
Structure Type Asbestos,Vinyl
New Construction false
Schools
Elementary Schools Lucy S. Herring
Middle Schools Asheville
High Schools Asheville
Others
Pets Allowed Yes
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Nearby Locations
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