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    13 Newfound St, Unit Canton Canton, NC 28716

    For Sale
    $2,600,000

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

    Property size:
    14,646 SF

    Property Features for 13 Newfound St

    General Information

    Standard status
    Active
    Size
    14,646 SF

    Building Details

    Year built
    1930

    Source: LIKEWISE COMMERCIAL REAL ESTATE Agent ABIGAIL FARROW

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Canton Apartment Building Investment

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.8355885
    Latitude
    35.535693

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    FAQs

    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 St, Unit Canton Canton, NC.
    What is the asking price?
    The asking price for this property is $2,600,000.
    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
    (828) 222-3685
    Request Owner's contact information
    13 Newfound St, Unit Canton Canton, NC 28716
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    Canton, NC 28716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13 Newfound St, Unit Canton Canton, NC 28716
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