About This Home

This 6-bedroom, 4-bathroom single family at 152 Tate Street in Waynesville, NC is listed for $595,000. Built in 1964, on a 0.26 acres lot.

Key Features

  • Built in 1964
  • 0.26 acre lot
  • Fireplace

Property Details

1 story
4 full
1964

Amenities

FireplaceA/C
Listing 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!

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

152 Tate Street

Waynesville, NC 28786

Property Details

Flooring

CarpetLinoleumWood

Construction

Brick Full

Outdoor Features

PorchDeckPatio

Parking

DrivewayOn Street

Heating

BaseboardElectric (Heating)

Cooling

Ceiling Fan(s)Window Unit(s)

Appliances

DishwasherElectric RangeExhaust FanRefrigeratorWasher/Dryer

Questions & Answers

This 6-bedroom, 4-bathroom single family at 152 Tate Street is listed at $595,000. The estimated monthly payment is $3,183 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1964, 0.26 acre lot, Fireplace.

This property is listed by Matthew Wells.

MW

Matthew Wells

Agent at Keller Williams Great Smokies

Listed by Keller Williams Great Smokies · Broker phone: (828) 926-5155 · View on Broker Site · Broker website

MLS# 4436155· Source: Canopy MLS· 8 days on PropertySimple

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

152 Tate Street, Waynesville, NC 28786

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