152 Tate Street , Waynesville, NC 28786

$595,000

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MLS#4436950

STATUSActive PROPERTY TYPECommercial -

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Property Description

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!

152 Tate Street | MLS# 4436950

This commercial property located at 152 Tate Street , Waynesville, NC 28786 is currently listed for sale with an asking price of $595,000. Search Waynesville real estate on maricelac.lakenormanrealty.com today.

Property Features

Property Type: Commercial -

Basement: Yes

Basement: Apartment, Exterior Entry, Full, Partially Finished

Heating: Baseboard, Electric

Lot Size: 0.26 Acres

Roof Type: Architectural Shingle

Year Built: 1964

Feature Descriptions

Appliances: Dishwasher, Electric Range, Exhaust Fan, Refrigerator, Washer/Dryer

Days on Site: 1

Exterior: Brick Full

Flooring: Carpet, Linoleum, Wood

Foundation: Basement

Lot: Level, Sloped

Parcel#: 8615-16-9667

Parking: Driveway, On Street, Parking Space(s)

Patio/Porch: Balcony, Covered, Deck, Patio, Porch

Sewer: Public Sewer

Special View Info: Winter

Units: 4

Utilities: Cable Available, Electricity Connected

Water: City

Window Features: Insulated Window(s)

Listed By / Shown By

Listed By

Agency Name: Keller Williams Great Smokies
Agency Contact: matthewwells@kw.com

Shown By

Agent Name: Maricela Carias
Agent Phone: (980) 241-0849
Agency Title: Lake Norman Realty

152 Tate Street , Waynesville, NC 28786

$595,000

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/23/2026. The listing information on this page last changed on 10/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 10/23/2026 12:16:11 AM EST) or Canopy MLS (last updated Fri 10/23/2026 12:07:43 AM EST) or Triad MLS (last updated Thu 10/22/2026 11:40:16 PM EST). Real estate listings held by brokerage firms other than Lake Norman Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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152 Tate Street , Waynesville, NC 28786

Property Description

152 Tate Street | MLS# 4436950

Property Features

Feature Descriptions

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152 Tate Street , Waynesville, NC 28786

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