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    Troutman, NC
    Residential Income

    Troutman, NC Residential Income Properties for Sale

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    Statesville, NC Mooresville, NC Cleveland, NC Catawba, NC Sherrills Ford, NC Mt Ulla, NC
    5.9 Acres Investment Opportunity
    Updated: Apr 30
    5.9 Acres Investment Opportunity

    116 Lipe Road, Troutman, NC 28166

    $699,900
    5.90 AC lot
    Immediate cash flow from two income‑producing homes.
    5.9 acres with Neighborhood Business (NB) zoning allowing for residential or future commercial/mixed‑use development.
    Located 1 mile from I‑77, providing convenient highway access.
    Value‑add opportunity to renovate existing homes and increase rents.
    Existing well and septic systems in place.
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    Commercial Land with NB Zoning
    Updated: Apr 30
    Commercial Land with NB Zoning

    116 Lipe Road, Troutman, NC 28166

    $699,900
    5.90 AC lot
    5.9‑acre commercial land parcel zoned Neighborhood Business (NB)
    Well and septic infrastructure on site
    Two existing structures at 116 and 128 Lipe Rd convey; both require renovation
    Income‑producing rental income from the two existing structures
    Mostly cleared acreage to support development
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    Commercial Sale, Troutman, NC
    Commercial Sale, Troutman, NC

    122 Frazier Loop, Troutman, NC 28677

    $2,790,000
    6 acres  Built 1920

    Commercial land · 6.00 Acres

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    3 active listings match your search: Residential Income for sale in Troutman, NC. Based on your search, we've also compiled 12 Potential Opportunities for your consideration: 4 properties in nearby cities, 4 off-market properties to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    375 & 377 Talbert Rd, Mooresville, NC 28117

    $650,000
    2 units  3,125 sqft  1 building  Built 1974
    Highway access

    Separate kitchens and varied bedroom layouts support independent living in each residence.

    1 x 3BR/3BA  1 x 2BR/1.5BA  Garage
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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    537 & 539 Broadway Court, Statesville, NC 28677

    $249,900
    2 units  Built 1950  0.19 acres  Multi-tenant
    100% occupied

    Income-producing duplex with matching residential layouts and month-to-month occupancy.

    2 x 2BR/1BA
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    14-Unit Townhome Apartment Building
    14-Unit Townhome Apartment Building

    1013 Caldwell Street, Statesville, NC 28677

    $5,000,000
    14 units  Built 2026

    Newly constructed townhome residences are located in Statesville, close to downtown.

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    Land, Mooresville, NC
    Land, Mooresville, NC

    109 Ray Dawn Lane, Mooresville, NC 28117

    $199,000
    1 acre

    Residential land & home lots · 1.00 Acre

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Cleared Land in Troutman, NC
    Cleared Land in Troutman, NC

    433 Lockhard Circle, Troutman, NC 28166

    $659,999
    8.01 acres

    8.01 acres of cleared land suitable for development.

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    Wooded Lot Near Lake Norman
    Wooded Lot Near Lake Norman

    L4 Marietta Road, Mooresville, NC 28117

    $182,500
    0.6 acres

    Serene wooded lot near Lake Norman, ideal for building.

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    Waterfront Residential Building Lot
    Waterfront Residential Building Lot

    152 Fox Hunt Drive, Mooresville, NC 28117

    $495,000
    1.72 acres

    Waterfront homesite on a private cul-de-sac with an existing dock, offering a quiet setting to build your custom residence.

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    Wooded Residential Homesite Land
    Wooded Residential Homesite Land

    129 Sleepy Cove Trail, Mooresville, NC 28117

    $259,800
    0.65 acres
    Highway access

    Zoned RA wooded homesite suited for building a custom residence with nearby lake access.

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    Off-Market Properties in Troutman, NC

    Consider similar Off-Market properties in Troutman, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    129 Shermill Ln
    Farms

    129 Shermill Ln, Troutman, NC 28166

    Estimated value: by Request
    13.42 AC lot
    View details

    Troutman, NC Residential Income Properties Market Trends and Statistics

    Explore 7 residential income properties for sale in Troutman, NC, showcased through 3 active listings on our real estate platform.

    Sale prices for residential investment properties in Troutman, NC start at $699,900, averaging $1,396,600, and reaching up to $2,790,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Single family properties 2

    Demographics Overview

    Population 11K
    Population Growth (5Y) +17.2%
    Median Household Income $85,107
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Troutman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Troutman - 28166 $699.9K
    Statesville - 28677 $2.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $22.11 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Iredell County

    New Delisted

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Troutman, NC

    • 28166
    • 28677
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