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!
Property Type(s):
Commercial
|
Year Built
|
1964
|
County
|
Haywood
|
Additional Details
| AIR |
Ceiling Fan(s), Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Electric Range, Exhaust Fan, Refrigerator, Washer/Dryer |
| BASEMENT |
Apartment, Exterior Entry, Full, Partially Finished, Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Baseboard, Electric |
| LOT |
0.26 acre(s) |
| LOT DESCRIPTION |
Level, Sloped |
| LOT DIMENSIONS |
0.26 |
| MLS STATUS |
Active |
| PARKING |
Driveway, On Street |
| SEWER |
Public Sewer |
| STORIES |
1 |
| UTILITIES |
Cable Available, Electricity Connected |
| WATER |
Public |
Listed with Keller Williams Great Smokies
Date last updated: 10/22/26 8:25 PM PDT
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This IDX solution is (c) Diverse Solutions 2026.
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