Features & Amenities

Interior

  • Total Bedrooms

    24

  • Bathrooms

    24

  • Above Grade Finished Area

    14040.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Wall Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Heat Pump

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Pool

    No

Area & Lot

  • Lot Features

    Level, Paved, Wooded

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $2,300,000

  • Sq. Footage

    14, 040

  • Price/SqFt

    $163

HOA

  • Association

    No

School District

  • Elementary School

    Bruce Drysdale

  • Middle School

    Hendersonville

  • High School

    Hendersonville

Property Features

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Henderson

Elementary School

Bruce Drysdale

Middle School

Hendersonville

High School

Hendersonville

Listing Courtesy of Noah George , George Real Estate Group Inc

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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.

45 Indian River Road

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