212 & 214 Portmanvilla Rd, Black Mountain, NC, 28711
About This Home
Rare multi-family investment opportunity in popular Black Mountain! Easy access to all the nearby amenities: historic downtown district with local restaurants, shops, and breweries, Lake Tomahawk Park, Black Mountain Golf Club, and ample opportunities for outdoor recreation. Plus, just a short 20-minute drive to neighboring Asheville. This offering consists of four total units in two buildings, each designed as a side-by-side townhouse-style duplex with individual entrances. Units in #214 are 2 bedrooms and 2.5 baths; units in #212 are 2 bedrooms and 1.5 baths; each unit has its own utility meters, laundry, and private outdoor space. Meticulously maintained by the same owners for over a decade, this property is a turnkey investment opportunity in a beautiful area. Consistent rental history with long-term tenants & minimal turnover. Currently, there are 12-month leases in place for three of the units, and a month-to-month lease for the fourth. Additional details available upon request.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2011
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator
- Laundry features: In Unit,Main Level
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 6
- 1/2 bathrooms: 4
Features
- Flooring: Tile,Wood
- Finished area below ground: 0
- Finished area above ground: 4,422
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 4,422
- Total interior livable area: 4,422 sqft
Property
Details
- Parcel number: 061949038200000
- Zoning: UR-8
- Special condition: Subject to Lease
Features
- Patio & porch: Covered,Rear Porch,Screened
- Fencing: Partial,Privacy
Lot
- Lot size: 0.26 Acres
- Features: Green Area,Level,Wooded
Parking
- Parking features: Driveway,Parking Space(s)
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Lightning
- Inland Flooding
- Landslide
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Buncombe County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,562 | $66,744 |
| Home Insurance * | $306 | $3,672 |
| Property Taxes | $522 | $6,264 |
| Electricity | $411 | $4,942 |
| Total | $6,801 | $81,612 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-07-07 | Listed for sale | $1,100,000 |
View on Zillow