UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,739 sqft
Price per Sqft $237
Subdivision Stepp Jones Property
MLS Listing ID 4410285
Style Arts and Crafts,Bungalow,Cottage,Post and Beam
Bedrooms 6
Full Baths 4
Abv Grd Liv Area 2,739
Year Built 1926
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Fourplex
Property Description
Rare multi-building opportunity in Hendersonville! Ideal for first-time investors or house-hackers, this 2,739 sq ft compound on Stewart Street features three buildings and four separate, income-producing units. Live in one and rent the rest, lease all four long-term, or mix in short-term rentals—the ultimate flexible setup. Highlights include a fully fenced Main House; walkable to restaurants and shops, and is 1.5 miles to the Ecusta Trail in downtown Hendersonville. First time leaving the family since 1931!!
Main House, Upper Level
Two bedrooms, a full bath, and a real kitchen, reached through its own private entrance so a tenant here never has to pass through the rest of the property to get home. There's a gas fireplace that can be converted back to wood-burning if a tenant or owner wants that someday. Has its own front entrance and back porch with an exit, straightforward long-term lease material.
Main House, Ground Level
Also laid out as two bedrooms with a full bath, this level has its own full kitchen, a full-size side-by-side washer-dryer, and two more gas fireplaces that can also switch back to wood-burning, and electric heat covers the rest of the floor. It's self-contained enough to work as its own long-term rental, an in-law suite, or a live/work space for a tenant who wants room to run something small out of the ground floor. Has its own front entrance and back door with deck.
The Writing Cottage (ADU)
A freestanding building, originally built as a writing cottage, well-suited to short-term rental use: it has a gas-log fireplace in the bedroom, its own kitchen with a stacked washer-dryer and a full bath, so guests can be fully self-sufficient. It sits on its own septic system, separate from the city sewer that serves the main house and garage, with the tie-in already run if a future owner wants to convert it over. Being a short walk from a restaurant and a tea room only helps here; guests notice that kind of thing when they're choosing where to book.
The Garage Studio
This one used to be a plain garage; a remodel around 2017 turned it into a studio and put in its wiring and plumbing for the first time, along with a full bath and a kitchenette on the ground level. There's a loft above for sleeping or extra storage. Turning this into a fully self-contained fourth unit is mostly a matter of finishing out the loft, not adding new infrastructure, which makes it the value-add piece of the four.
Location does some of the leasing for you
The property sits just off Greenville Highway, which makes it mixed-use (it can be commercial or residential). You could live in the upper unit and have a retail shop in the lower unit. It is about a three-minute walk from Flat Rock Wood Room and roughly four minutes from A Southern Cup Fine Teas and Boxwoods, with groceries and other everyday shopping just a short drive away. That's close enough to matter in a listing photo caption, and it's the kind of detail that helps both long-term tenants and short-term guests pick this property over a similar one a mile away.
The Cottage at 111 Stewart has its own separate utilities. The Studio is on the Main House's utilities. The 2 bedrooms upstairs in the Main House cannot be counted in the MLS square footage since there is no permanent heat source in those two rooms.
All roofs were replaced in 2020. Between 2011-2017, the wiring and pipes were replaced (except for the upstairs bathroom pipes), the Main House at 113 was connected to city sewer, and the studio apartment was created. The Writing Cottage is still on the original septic, but everything is in place to connect to sewer if desired.
Location
State NC
County Henderson
Zoning Mixed Use
Interior
Interior Features Attic Stairs Pulldown, Pantry
Heating Baseboard, Electric, Natural Gas, Wall Furnace
Cooling Window Unit(s)
Flooring Vinyl, Wood
Fireplaces Type Family Room, Fire Pit, Gas, Gas Log, Gas Vented, Insert, Living Room, Primary Bedroom, Other - See Remarks
Fireplace true
Appliance Bar Fridge, Dryer, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer, Washer/Dryer
Laundry In Kitchen, Mud Room
Exterior
Exterior Feature Fire Pit
Fence Fenced, Full
Utilities Available Cable Available, Electricity Connected, Natural Gas, Wired Internet Available
Waterfront Description None
Roof Type Architectural Shingle
Street Surface Gravel,Paved
Porch Covered, Deck, Enclosed, Front Porch, Porch, Rear Porch, Screened
Garage false
Building
Lot Description Level
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer, Septic Installed
Water City
Architectural Style Arts and Crafts, Bungalow, Cottage, Post and Beam
Structure Type Aluminum,Shingle/Shake,Wood
New Construction false
Schools
Elementary Schools Hillandale
Middle Schools Hendersonville
High Schools Hendersonville
Others
Pets Allowed Yes
Senior Community false
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/4a226340-3b5b-4a74-a7b1-365757e1e12c?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Nearby Locations
GET MORE INFORMATION