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5-Unit Apartment Building
For Sale
$1,022,000

53 E 13th Street, Newton, NC 28658

Residential Income, Newton, NC

Property SizeContact for details
Lot Size0.28 Acres
Days on Market48

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 2, Bathroom 4, Bathroom 8, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 7, Bathroom 5, Bathroom 10, Bedroom 6, Bathroom 9, Bedroom 5, Bathroom 6, Bedroom 3, Bedroom 1, Bedroom 10, Bedroom 9, Bedroom 8, Bathroom 3
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 · License #813732
Added: Jul 25 Changed: Sep 9 Last Checked: Sep 10 at 3:06AM
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.

This under-construction multifamily property will include 5 apartment units on a 0.28-acre site in Downtown Newton. Each residence is planned with an open layout, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and two dedicated parking spaces. The construction includes mono-slab foundations, vinyl materials, heat pump heating, central air, and public sewer service. Appliances include dishwashers, electric ranges, and microwaves, with major systems described as new and supported by builder warranties.

Located at 53 E 13th Street in Newton, the property is 20 minutes from Hickory and less than an hour from Charlotte. Shopping, dining, employers, and major commuter routes are identified in the surrounding area. Tenants are responsible for utilities and routine expenses within their units, providing a defined structure for ongoing property operations.

Key Highlights

  • 5‑unit multifamily property under construction
  • 0.28‑acre site in Downtown Newton
  • Each unit includes two dedicated parking spaces

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Newly constructed multifamily property with modern finishes, dedicated parking, and individual tenant utility responsibility.
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 $1,022,000.
What are key features of this property?
This property features: 5‑unit multifamily property under construction; 0.28‑acre site in Downtown Newton; Each unit includes two dedicated parking spaces
More about this property
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