13 Newfound Street Canton, NC 28716

Building Details

Year Built 1930

Listing Agency: LIKEWISE COMMERCIAL REAL ESTATE Show Phone

Listed By: ABIGAIL FARROW

Source: Corcoran

Added: Aug 27, 2025 Changed: Jul 6 Last Checked: Jul 28 at 8:12AM

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Investment Insights

Based on property information with market context.

This 14,646 square foot historic apartment building is located in Canton, North Carolina. Situated on a 0.19-acre lot, the property features 18 units with a mix of studio, one-, and two-bedroom layouts filled with natural light. The property delivers strong rental income with no vacancies and a waitlist. It is ideally located within walking distance to shops, restaurants, and breweries such as BearWaters Brewing and Southern Porch. Ingles, Food Lion, and downtown Waynesville are just minutes away, with convenient access to I-40 for a quick 15–20 minute drive into Asheville. The property is home to many long-term tenants. The property represents a 7.25% Cap Rate investment opportunity.

Key Highlights

• 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

Property Analytics

Property Profile Location Intelligence

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Restaurant Nail Salon

Zoning and permitted uses should be independently verified with authorities.

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Frequently Asked Questions

What type of property is this?

Apartment building - 18-unit apartment building with strong rental income in Canton, NC.

Where is this apartment building located?

The property is located at 13 Newfound Street Canton, NC.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 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