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Five-Unit Apartment Building
For Sale
$1,070,000

53 E 13th Street, Newton, NC 28658

MULTI_FAMILY - Newton, NC

Property SizeContact for details
Lot Size0.28 Acres
Days on Market16

Property Features for 53 E 13th Street

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning description M1
Bedrooms 10
Bathrooms 10
Full bathrooms 5
Half bathrooms 5
Rooms Bathroom 5, Bathroom 9, Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 10, Bedroom 4, Bedroom 9, Bedroom 2, Bathroom 6, Bathroom 7, Bedroom 10, Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 8
Parking features Driveway
Pets allowed Yes
Appliances Dishwasher, Electric Range, Microwave
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Active
APN 374005086038
Lot size 0.28 Acres

Taxes and HOA fees

Tax Description LOT 2 & 3 PLAT 91-30
Legal Description LOT 2 & 3 PLAT 91-30

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air

Building Details

Year built 2026
Number of units 5
Building materials Vinyl
Listing Agency: Fathom Realty NC LLC
Listed By: Charlie Moore
Added: Jul 25 Changed: Aug 5 Last Checked: Aug 9 at 6:06PM
MLS# 4407560

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Newly constructed five-unit apartment building in Downtown Newton, under construction with a planned 2026 build year. Each unit is designed with an open floor plan and includes modern finishes such as quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Construction uses vinyl materials and the homes are built on mono-slab foundations, aimed at durability and reduced maintenance. Heating is provided by heat pump systems with central air cooling. Tenant utilities and routine expenses within the units are the tenant’s responsibility.

The property sits on a 0.28-acre lot with public sewer service. Parking is provided via a driveway, and the remarks specify two dedicated parking spaces per unit. Major systems are brand new and supported by builder warranties.

The unit mix is multi-bedroom and includes multiple bathrooms across the 5 units, supporting flexible household layouts for long-term rental demand in a downtown setting near shopping, dining, employers, and major commuter routes.

Key Highlights

  • Five units under construction with a planned 2026 build year
  • 0.28‑acre lot with public sewer service
  • Open floor plans with quartz countertops and luxury vinyl plank flooring

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Garden Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 28658, NC

26,453
Population
10,958
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
88%
High-School Grad
71.3 sq mi
ZIP Area
371
Density / Sq Mi
$67,805
Median Household Income
$41,013
Median Earnings
$933
Median Rent
$192,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Under-construction five-unit apartment building with heat pump heating and central air, built in 2026.
Where is this apartment building located?
The property is located at 53 E 13th Street Newton, NC.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Five units under construction with a planned 2026 build year; 0.28‑acre lot with public sewer service; Open floor plans with quartz countertops and luxury vinyl plank flooring
More about this property
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