13 Newfound Street
13 Newfound Street
Canton, NC 28716
$2,600,000
- Lot Size: 0.19 Acres
Description
6.9% Cap Rate investment opportunity in the heart of Canton, NC – this 18-unit, 14,646 SF historic apartment building sits on a 0.19-acre lot and delivers strong rental income with no vacancies and a waitlist. Featuring a mix of studio, one-, and two-bedroom units filled with natural light, the property is home to many long-term tenants. Ideally located within walking distance to shops, restaurants, and breweries such as BearWaters Brewing and Southern Porch, and just minutes from Ingles, Food Lion, and downtown Waynesville, with convenient access to I-40 for a quick 15–20 minute drive into Asheville. A rare, income-producing asset in a growing market—please do not disturb tenants. Contact listing agent for details.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | N/A |
| Year Built : | 1930 | Construction Type : | Site Built |
| Lot Size : | 0.19 Acres |
Property Features
- Corner Lot
- Level
More Information
- Parking : Parking Lot
- Heating : Baseboard
- Cooling : None
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
- Possible Use : Commercial, Residential
Based on information submitted to the MLS GRID as of 08-27-2025 22:55:06 UTC 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.