135 & 145 Melrose Avenue
Tryon, NC 28782
- 8 beds
- 8 baths
- 3,686 sqft
- ~1/2 acre lot
- $271 per sqft
- 1910 build
- – on site
*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.
Last checked:
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Last updated Mar 14, 2025
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MLS# 4233654 —
The Building
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Year Built:1910
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New Construction:false
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Construction Type:Site Built
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Subtype:Single Family Residence
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Construction Materials:Hardboard Siding
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Foundation Details:Basement
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Levels:Two
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Basement:Apartment, Finished, Partially Finished, Storage Space, Walk-Out Access
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Basement:true
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Patio And Porch Features:Covered, Wrap Around
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Accessibility Features:Two or More Access Exits
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SqFt Lower:500
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SqFt Upper:1150
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SqFt Unheated Total:2096
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SqFt Unheated Basement:2096
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Above Grade Finished Area:3686
Interior
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Flooring:Wood
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Living Area:3686
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Fireplace:false
Location
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Directions:From Spartanburg, take I-26 W. Exit 1 to Landrum. Turn left onto hwy 14. Right on hwy 176. Right on Cowan Ln. Left on Pacolet St. Right on Melrose ave. House is on left.
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Latitude:35.206735
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Longitude:-82.241418
The Property
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Type:Residential
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Lot Features:Cleared
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Lot Size Area:0.52
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Lot Size Units:Acres
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Zoning Specification:M
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Zoning:M
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Road Responsibility:Publicly Maintained Road
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Road Surface Type:Concrete, Paved
Listing Agent
- Contact info:
- Agent phone:
- (585) 409-1869
- Office phone:
- (828) 489-3131
Taxes
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Parcel Number:T11-A25
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Tax Assessed Value:514589
Beds
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Bedrooms Total:8
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Bedroom Main:1
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Bedroom Upper:3
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Bedroom Lower:1
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Bedroom Second LQ:3
Baths
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Baths:8
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Full Baths:7
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Half Baths:1
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Full Baths Main:2
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Half Baths Main:1
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Full Baths Upper:2
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Full Baths Lower:1
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Full Baths Second LQ:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Radiant
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Cooling:Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:City
Appliances
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Appliances:Dishwasher, Dryer, Oven, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer
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Laundry Features:Common Area, Gas Dryer Hookup, In Basement, Washer Hookup
Schools
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Elementary School:Polk Central
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Middle School:Polk
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High School:Polk
The Community
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Subdivision Name:Other
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Restrictions:Short Term Rental Allowed
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HOA Subject To:None
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Senior Community:false
Parking
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Parking Features:On Street
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Garage:false
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Main Level Garage:No
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Carport:false
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Open Parking:false
Extra Units
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Second Living Quarters:Exterior Not Connected,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters
Monthly cost estimate

Asking price
$1,000,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,354
|
Taxes | N/A |
Insurance | $275 |
Utilities | $269 See report |
Total | $5,898/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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3/13/25
Mar 13, 2025
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Listed / Active | CMLS | $1,000,000 |