45 Indian River Rd

Hendersonville, NC 28791

$2,300,000
Price
24
Beds
14,040 Sq. Ft.
$164 / Sq. Ft.
14,040
Sq. Ft.
$164
per Sq. Ft.
a front view of a house with garden
a front view of a house with a yard
a front view of a house with a garden
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Description

This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units—totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that...This exceptional 12-unit multifamily complex in Hendersonville presents a rare investment opportunity combining quality construction, meticulous maintenance, and long-term pride of ownership. Built and maintained by the original owner/developer, the property consists of three buildings, each with four spacious units—totaling twelve well-designed residences. Every unit features 2 bedrooms, 2 bathrooms, and a private sunroom, offering tenants comfort, functionality, and desirable living space that sets this property apart from typical multifamily offerings. Each building has been thoughtfully cared for and updated as needed over the years, reflecting the owner’s commitment to maintaining the property at the highest standard. The complex is fully connected to city water and city sewer and enjoys an ideal location just minutes from downtown Hendersonville, major retail, restaurants, and medical facilities, making it highly attractive to long-term renters. With consistent occupancy, low turnover, and proven rental history, this property provides an outstanding opportunity for both seasoned investors and those seeking to expand their portfolio with a stable, income-producing asset in one of Western North Carolina’s most desirable markets. The setting offers a balance of privacy and accessibility, with gently sloping terrain, paved access, and ample parking for residents. Each unit’s design emphasizes livability, featuring open-concept layouts, well-equipped kitchens, comfortable bedrooms, and bright sunrooms perfect for year-round enjoyment. The property’s thoughtful design—with only four units per building—ensures a sense of community while maintaining individual privacy and appeal. Opportunities like this rarely come available—an entire 12-unit complex in excellent condition, located in a strong rental market with city utilities, and ideal for investors seeking a well-maintained, turnkey property in a prime Hendersonville location.
  1. Listed by Noah George • George Real Estate Group Inc • noahcgeorge@gmail.com

Property Details for 45 Indian River Road

Parking Features
Parking Lot, Parking Space(s)
LISTING UPDATED: 12/03/2025 01:04 PM

Property Details for 45 Indian River Road

StatusActive
MLS #4305685
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1986
Lot Size1.60 AC / 69,696 SF
CountyHenderson County

Location

Listing Courtesy of George Real Estate Group Inc
Add your commute

Building Information for 45 Indian River Road

Stories-Residences-Year Built1986Building Size-Lot Size1.60 AC / 69,696 SF

Payment Calculator

$11,550 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,210

Property Taxes

$340

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 45 Indian River Road

Summary
Location and General Information
  • Longitude: -82.479292
  • Latitude: 35.341275
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $783,600.00
  • Parcel Number: 100705
  • City Taxes Paid To: Hendersonville
School Information
  • Middle Or Junior School: Hendersonville
  • High School: Hendersonville
  • Elementary School: Bruce Drysdale
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 14040.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Green Area, Level, Paved, Wooded
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 19
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Number Of Completed Units Total: 12
  • Number Of Projected Units Total: 12
  • Restrictions: N/A
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Partial, Vinyl
  • Road Surface Type: Concrete, Paved
  • Roof: Architectural Shingle
Interior Features
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Heat Pump
  • Laundry Features: In Unit
  • Fireplace YN: No
  • Foundation Details: Slab
  • Basement YN: No
Multi Family
Multi-Family Information
  • Unit Type: 2 Bedroom, Townhouse
  • Unit Room Type: Primary Bedroom, Bedroom(s), Mud, Dining Room, Laundry, Living Room, Kitchen, Bathroom(s)
  • Number Of Units Total: 12
Rental
Rent Information
  • Tenant Pays: Electricity
  • Pets Allowed: Yes

Property History for 45 Indian River Road

DateEvent & SourcePriceAppreciation
Oct 22, 2025

Listed (Active)

CANOPY #4305685

$2,300,000—
DateEvent & SourcePrice
10/22/2025

Listed (Active)

CANOPY #4305685

$2,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 45 Indian River Road

Taxable ValueLand$64,000Additions$719,600Total$783,600
Tax Record2024$4,083 ($340 / month)
Home Facts
Total Finished SqFt4,492 SqFtAbove Grade Finished SqFt4,492 SqFtStories2Lot Size69,696 SqFtStyleMulti-Family Res (5+ Units)Year Built1986Zoning100705~R-15CountyHENDERSONAPN9569275276

Schools near 45 Indian River Road

This home is within Henderson County School District.
Rating
School
Type
Grades
Distance
Clear Creek Elementary
Public - PK to 5
Hendersonville Middle
Public - 6 to 8
Hendersonville High
Public - 9 to 12
Henderson County Career Academy
Public - 6 to 12
Rating
School
Distance
Clear Creek Elementary
PublicPK to 5

Hendersonville Middle
Public6 to 8

Hendersonville High
Public9 to 12

Henderson County Career Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 45 Indian River Road, Hendersonville, NC 28791

45 Indian River Road is a multi-family home for sale in Hendersonville, NC 28791. This property was listed for sale on October 22, 2025 by George Real Estate Group Inc, it's currently listed at $2,300,000. This listing's school district is Henderson County School District. Nearby schools include Clear Creek Elementary, Hendersonville Middle and Hendersonville High. 45 Indian River Road is a 24-bed, 24-bath, 14,040 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of George Real Estate Group Inc

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/17/2026 04:46 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.