Rare opportunity in the desirable Oakley district! This 3 bedroom, 2.5 bath home offers 1,600+ square feet of well-designed living space just minutes from downtown and within walking distance to Biltmore Village shopping, dining, and breweries. Hardwood floors run throughout the home, complemented by a central vacuum system and whole-house surround sound for modern comfort and convenience. Two spacious covered porches on the main level create the perfect setting for entertaining or relaxing outdoors. Upstairs, the primary suite features a vaulted ceiling and its own private sunroom - a bright and peaceful retreat. Adding exceptional value is the separate 1,000 square foot living area/apartment with its own private exterior entrance, living room, bedroom, kitchen, and laundry - ideal for rental income, multi-generational living, or guest accommodations. Situated on .37 flat acres, the property has already been approved to be subdivided into three additional lots, offering incredible development potential in one of Asheville's most convenient locations. Primary residence, income opportunity, and future expansion - all in one property.