14 Penelope Street, Black Mountain, NC

About 14 Penelope Street

Rare opportunity to own a fully renovated property just a short walk from charming downtown Black Mountain. Situated on a quiet, private corner lot with no damage from Hurricane Helene, this exceptional offering includes a beautifully updated brick main home and a separate income-producing accessory dwelling unit (ADU), making it ideal for multigenerational living, short- or long-term rental income, or a private guest retreat. The main residence has been thoughtfully transformed from top to bottom, featuring a durable metal roof, new HVAC, updated plumbing, most new electrical, and a newly permitted finished basement that nearly doubles the home's living space. Now offering 3 bedrooms and 2.5 bathrooms, the home blends timeless character with modern finishes throughout. A hidden speakeasy adds a one-of-a-kind entertaining space that is sure to impress family and friends. The detached 2-bedroom, 1-bath ADU has also been completely renovated and has a proven rental history with consistent occupancy, providing immediate income potential. Outside, enjoy mature landscaping, a one-car garage, and parking for four or more vehicles—an uncommon convenience this close to downtown. Whether you're looking for a primary residence with supplemental income, an investment property, or a flexible family compound, this turnkey property offers outstanding value in one of Black Mountain's most desirable walkable locations.

Listing Map