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230 Park Lane

Newton, NC 28658

8 beds
6 baths
2,145 sqft
16,117 sqft lot
$261 per sqft
1973 build
– on site

Quadplex Opportunity in Newton, NC – Fully Rented! Fantastic investment opportunity with this well-maintained quadplex in Newton, NC. Each unit offers 2 bedrooms and 1.5 bathrooms, providing an ideal layout for tenants. Several units feature new flooring, and some have been recently painted, giving parts of the property a fresh, updated feel. The building features a durable brick exterior on the lower level and low-maintenance vinyl siding on the upper level. All four units are currently rented at $1,000 per month each, with strong rental history and professional management already in place through Must Have Real Estate. Additional highlights include: • Ample parking for tenants • Great location convenient to local amenities • Solid construction with upside potential • Opportunity to raise rents for increased cash flow Whether you’re a seasoned investor or just starting your portfolio, this fully occupied quadplex offers immediate income with room for future growth.

Listing courtesy of CMLS / EXP Realty LLC Mooresville

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# 4250486 —

The Building

Year Built:

1973
New Construction:

false
Construction Type:

Site Built
Subtype:

Fourplex
Construction Materials:

Brick Partial, Vinyl
# of Units Total:

4
Foundation Details:

Permanent
Basement:

false
Building Area Total:

2145
Above Grade Finished Area:

2145

Interior

Living Area:

2145

Location

Latitude:

35.645928
Longitude:

-81.222157

The Property

Type:

Residential Income
Lot Size Area:

0.37
Lot Size Units:

Acres
Zoning Specification:

R-11
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Concrete, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

363912978450
Tax Assessed Value:

372500

Beds

Bedrooms Total:

8

Baths

Full Baths:

4
Half Baths:

4

The Listing

Special Listing Conditions:

Undisclosed, None

Heating & Cooling

Heating:

Heat Pump
Cooling:

Heat Pump

Utilities

Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

Dishwasher, Oven, Refrigerator
Laundry Features:

Laundry Closet

Schools

Elementary School:

South Newton
Middle School:

Newton Conover
High School:

Newton Conover

The Community

HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Yes

Parking

Parking Features:

Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/28/25 Apr 28, 2025	Listed / Active	CMLS	$559,900	14.3% (11.0% / YR)
1/9/24 Jan 9, 2024		CMLS	$490,000	-7.5%
11/28/23 Nov 28, 2023		CMLS	$529,900

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Newest listings in Newton, NC

This multifamily located in Newton, NC 28658 is currently for sale for $559,900. 230 Park Lane is a 2,145 square foot multifamily with 8 beds and 6 baths that has been on Estately for 1 days. This multifamily is in the attendance area of Newton-Conover Middle School, South Newton Elementary School, and Newton-Conover High School.

Based on information submitted to the MLS GRID as of 4/29/2025 1:21 am. 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. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.