For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $979,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 5,722 sqft
Price per Sqft $171
MLS Listing ID 4233654
Sold Date 06/18/25
Bedrooms 8
Full Baths 7
Half Baths 1
Abv Grd Liv Area 3,686
Year Built 1910
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Single Family Residence
Property Description
*RARE INCOME PRODUCING HISTORICAL HOME IN TRYON!* Discover a rare investment opportunity in the heart of Tryon, NC where historic elegance meets modern cash flow. Nestled just steps from downtown, 145 Melrose offers 5,722 sq ft of beautifully renovated living space across two distinct buildings—a grand 1910 built main house & a charming detached cottage—now configured as six upscale, long-term rental apartments. Fully leased at $8,350/mo ($100,200/yr), this turnkey property delivers immediate income with room to grow. Step into a world of timeless appeal: the main residence boasts a wraparound porch, hardwood floors, & soaring ceilings, thoughtfully divided into 4 spacious units. The adjacent cottage adds 2 more, each w/ private entrances & modern upgrades. Set on a lush 0.52-acre lot w/ manicured gardens, this compound radiates curb appeal & versatility. Centrally located between Asheville, Charlotte, Greenville & Spartanburg - less than 1 hour to AVL & GSP & >2 hours to CLT airports.
Location
State NC
County Polk
Zoning M
Rooms
Basement Apartment, Finished, Partially Finished, Storage Space, Walk-Out Access
Guest Accommodations Exterior Not Connected,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters
Main Level Bedrooms 1
Interior
Heating Natural Gas, Radiant
Cooling Window Unit(s)
Flooring Wood
Fireplace false
Appliance Dishwasher, Dryer, Oven, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
Laundry Common Area, Gas Dryer Hookup, In Basement, Washer Hookup
Exterior
Street Surface Concrete,Paved
Accessibility Two or More Access Exits
Porch Covered, Wrap Around
Garage false
Building
Lot Description Cleared
Foundation Basement
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Hardboard Siding
New Construction false
Schools
Elementary Schools Polk Central
Middle Schools Polk
High Schools Polk
Others
Senior Community false
Restrictions Short Term Rental Allowed
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Jen Hubbell • Keller Williams Mtn Partners, LLC