Historic Canton Apartment Building
For Sale
$1,950,000
13 Newfound Street, Canton, NC 28716
18-unit apartment building with strong rental income in Canton, NC.
Property Size14,646 SF
Price / SF$133.14
Days on Market358
Property Features for 13 Newfound Street
General Information
Standard status
Active
Size
14,646 SF
Property subtype
Commercial
Amenities
Corner Lot
Baseboard Heating
Carpet Flooring
Level
Parking Lot
Wood Flooring
Building Details
Year Built
1930
Listing Agency:
LIKEWISE COMMERCIAL REAL ESTATE
(828) 222-3685
Listed By:
ABIGAIL FARROW · License #302812
Source:
Corcoran
Added: Aug 27, 2025
Changed: Aug 18
Last Checked: Aug 18 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIKEWISE COMMERCIAL REAL ESTATE
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
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 28716, NC
17,710
Population
8,590
Households
2.1
Avg Household Size
45
Median Age
24%
College-Educated
92%
High-School Grad
158.7 sq mi
ZIP Area
112
Density / Sq Mi
$60,008
Median Household Income
$43,266
Median Earnings
$961
Median Rent
$223,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
