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Canton, NC Apartment Buildings for Sale

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Historic Canton Apartment Building Investment
Updated: Aug 27, 2025
Historic Canton Apartment Building Investment

13 Newfound Street, Canton, Canton, NC 28716

$1,950,000
14,646 sqft
7.25% Cap Rate investment opportunity
18‑unit apartment building with strong rental income, no vacancies, and a waitlist
Ideally located in Canton, NC, within walking distance to shops, restaurants, and breweries
Mix of studio, one-, and two‑bedroom units filled with natural light
Convenient access to I‑40 for a quick 15–20 minute drive into Asheville
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Canton, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Licensed 16-Unit Short-Term Rental
Licensed 16-Unit Short-Term Rental

42 Furman Ave, Asheville, NC 28801

$5,500,000
8,395 sqft

Renovated three-story building includes a walkout basement, dedicated parking, and modern guest-oriented interiors.

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Apartment Buildings with Shared Spa
Apartment Buildings with Shared Spa

108 Lakewood Drive, Asheville, NC 28803

$1,900,000
1.38 AC lot

Four dwellings include cottage-style residences and a shared spa.

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Mixed-Use Property in Growing Area
Mixed-Use Property in Growing Area

3074/3050 Old Cullowhee Road, Cullowhee, NC 28723

$799,000

Investment opportunity with residential and commercial potential near university.

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Multifamily Property Near Western Carolina
Multifamily Property Near Western Carolina

44 & 54 Legacy Lane, Cullowhee, NC 28723

$2,349,000

Student apartment complex near Western Carolina University with development potential.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Canton, NC Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Canton, NC on our real estate platform. These investment opportunities span a total of 14,646 square feet of properties for sale, with an estimated market value of $1,950,000.

Sale prices for two-family homes in Canton, NC average $1,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 16K
Population Growth (5Y) -8.9%
Median Household Income $60,008
College Educated 32.8%

High-Yield Neighborhoods for Investment

Identify Canton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
28716 $2M

Taxes & Financing

Tax Rate (average for all types) 0.57%
Property Tax per SF $12.21 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Haywood County

New Delisted

Total CRE Inventory on Market (SF)

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