INVESTMENT OPPORTUNITY IN THE HEART OF WAYNESVILLE! Ideally situated just minutes from downtown Waynesville, this all-brick quadplex offers an attractive combination of location, established rental history, and tremendous potential for increased income. The property features four spacious apartments, including two 2-bedroom units and two 1-bedroom units, offering a total of approximately 4,028 square feet of living space. Each unit has its own kitchen, living and dining areas, with select units featuring covered porches or decks. Currently occupied by established tenants, the property generates consistent rental income, with rents that are considerably below prevailing market rates, presenting an excellent opportunity for future revenue growth. Additional highlights include city water and sewer, convenient parking, and a desirable location near downtown shopping, dining, and everyday conveniences. Whether you’re an experienced investor looking to expand your portfolio or entering the multifamily market for the first time, this property offers an opportunity to acquire a well-located income-producing asset with meaningful long-term upside. Location, existing income, and room to grow, 152 Tate Street checks all three boxes!
- Heating System:
- Baseboard, Electric
- Cooling System:
- Ceiling Fan(s), Window Unit(s)
- Basement:
- Full, Exterior Entry, Partially Finished, Apartment
- Patio:
- Patio, Balcony, Covered, Porch, Deck
- Parking:
- Driveway, On Street, Parking Space(s)
- Flooring:
- Wood, Carpet, Linoleum
- Sewer:
- Public Sewer
- Utilities:
- Electricity Connected, Cable Available
- Window Features:
- Insulated Window(s)
- Appliances:
- Refrigerator, Dishwasher, Exhaust Fan, Washer/Dryer, Electric Range
- Country:
- US
- State:
- NC
- County:
- Haywood
- City:
- Waynesville
- Zipcode:
- 28786
- Street:
- Tate
- Street Number:
- 152
- Street Suffix:
- Street
- Longitude:
- W83° 0' 28.3''
- Latitude:
- N35° 29' 19.2''
- Directions:
- From Waynesville: South on Main Street; Right onto Academy Street; Cross Haywood Street; Left on Tate Street; Property is on Right (No Sign and No Lockbox - access by listing agent only).
- Office Name:
- Keller Williams Great Smokies
- Agent Name:
- Matthew Wells
- TaxAnnualAmount:
- $0
- TaxAssessedValue:
- $0
- AssociationFee:
- $0
- Building Size:
- 4028
- Construction Materials:
- Brick Full
- Foundation Details:
- Basement
- Lot Features:
- Level, Sloped
- Number Of Units Total:
- 4
- Possible Use:
- Residential
- Stories:
- 1
- Water Source:
- City
- List Agent Mls Id:
- R50883
- List Office Mls Id:
- NCM4340
- Listing Term:
- Cash,Conventional,Private
- Mls Status:
- Active
- Modification Timestamp:
- 2026-10-22T11:48:06Z
- Originating System Name:
- Canopy
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2026-10-22T11:46:45Z
Commercial Sale For Sale
152 Tate Street, Waynesville, North Carolina 28786
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- 4436950
- Price :
- $595,000
- View :
- Winter
- Year Built :
- 1964
- Status :
- Active
- Property Sub Type :
- N/A
- Roof:
- Architectural Shingle
