Location, flexibility, and investment potential come together just one block from Lake Tomahawk in the heart of Black Mountain. This unique property offers three separate residences on approximately .20 acres, creating a rare opportunity for an investor, owner-occupant, or multi-generational living.
The property includes a charming detached 1-bedroom, 1-bath cottage at 169 Cragmont Road, plus a duplex at 171 Cragmont Road featuring a 1-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. The 2-bedroom unit has been recently remodeled with a fresh, updated interior. Altogether, the property provides 4 bedrooms and 3 bathrooms across three individual living spaces, offering tremendous versatility.
Live in one and generate income from the others, maintain all three as long-term rentals, or explore the potential for short-term/vacation rental use. The flexible configuration provides multiple possibilities for both personal use and income generation.
And the location is hard to beat—one block from Lake Tomahawk, steps from the tennis courts, and an easy walk to downtown Black Mountain with its locally owned shops, restaurants, breweries, coffee shops, and vibrant small-town atmosphere. Enjoy morning walks around the lake, afternoons on the courts, and evenings downtown without ever needing to get in the car.
Three residences. One exceptional Black Mountain location. A truly unique opportunity for income, flexibility, and mountain-town living.
Property Details
- Cooling
- Ductless
- Heating
- Ductless, Electric, Heat Pump
- Cooling Features
- Ductless
- Bedrooms
- 4
- Bathrooms
- 3.0
- Full Baths
- 3
- Lot Features
- Level, Sloped, Views
- Lot Description
- Level, Sloped, Views
- Acres
- 0.0
- Square Feet
- 1516.0
- Lot Size (sqft)
- 0.2
- Parking Features
- Assigned
- Property Type
- Multi-Family
- Basement
- 1
- Basement Description
- Exterior Entry, Walk-Out Access
- Year Built
- 1954
- Foundation
- Basement, Crawl Space
- Sewer Information
- Public Sewer
- Utility Source
- City
- Utility Features
- Electricity Connected
- Appliances
- Electric Oven, Electric Range, Refrigerator
- Elementary School
- Black Mountain
- Middle School
- Charles D Owen
- High School
- Charles D Owen
- County
- BUNCOMBE
- Region
- Black Mountain
- Original List Price
- $675,000
- Days on Market (Cumulative)
- 25
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-09-14T19:45:05Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by Mary Noble Braden (#CARmbraden)
Listing Office: Noble & Company Realty (#CAR12723)
