A rare piece of Woodfin history sits on Elkwood Avenue — a 1925 bungalow with original hardwood floors, a welcoming fireplace, and nearly 0.4 acres of gently sloped yard space. This one-story home offers straightforward, liveable square footage (1,213 SF) and an unfinished basement that presents obvious potential for added living area or storage. The lot size alone distinguishes this property in the neighborhood and opens options for landscaping, a garden, or an addition subject to local zoning (R-7).
Inside, the home retains period character: hardwood planks underfoot, simple millwork, and a footprint that reads like a true bungalow. The single full bath and three bedrooms provide an efficient layout for a small family, first-time homeowner, or investor. Practical systems should be verified — the home was built in 1925 and requires routine due diligence on roof, HVAC, plumbing and electrical — but the composition shingle roof and wood-frame construction are typical of the era and easy to work with during renovations.
The unfinished basement is a standout value driver. Whether finished into additional living space, a home office, or a rental suite, it represents low-cost square footage growth that could materially increase resale or rental income. Recent comparable sales on Elkwood Avenue point to a market between $200K–$250K for similarly sized bungalows that have been updated; this address sold in a recent foreclosure and represents a clear opportunity for buyers who can invest in thoughtful upgrades while preserving original details.
Location is practical and compelling. Beaver Lake is just over a mile away for weekend paddles and shoreline walks; Riverside Park sits under a mile, and downtown Asheville is a short 3.5-mile drive for dining, arts, and transit connections. UNC Asheville is nearby as well, broadening appeal for faculty or investors seeking student rentals. Annual taxes are modest (2025 taxed at $1,610); the property sits in Buncombe County and Buncombe County Schools serve the district — buyers should review school fit as part of their due diligence.
This home is best for someone who appreciates historic charm and a generous yard, and who is comfortable completing updates to mechanicals and interior finishes. With a large lot, classic features, and close proximity to Asheville’s amenities, 9 Elkwood Avenue is a pragmatic renovation project with tangible upside in a balanced, steady-appreciation market.