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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 Valdese, 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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Troutman, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Triplex with Central Air
    Triplex with Central Air

    403 S Race Street, Statesville, NC 28677

    $269,000
    0.34 AC lot

    Triplex converted into three one-bedroom units with central air, hardwood floors, and driveway parking on a 0.34-acre lot.

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    Updated Duplex Near Downtown
    Updated Duplex Near Downtown

    532 E Iredell Avenue, Mooresville, NC 28115

    $289,000
    1,506 sqft

    Both residences are tenant occupied, with two-bedroom layouts, front porches, and updated flooring.

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    Duplex with Two 2-Bed Units
    Duplex with Two 2-Bed Units

    537 & 539 Broadway Court, Statesville, NC 28677

    $259,900
    0.19 AC lot

    Duplex in R5MF zoning with two 2-bedroom, 1-bath units leased on month-to-month terms.

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    LAND - Mooresville, NC
    LAND - Mooresville, NC

    109 Ray Dawn Lane, Mooresville, NC 28117

    $299,000
    1.00 AC lot

    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.

    Troutman Land Subdivision Opportunity
    Troutman Land Subdivision Opportunity

    228 Fern Hill Road, Troutman, NC 28166

    $7,500,000
    49.88 AC lot

    Exclusive gated community development opportunity in Troutman, North Carolina.

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    Residential Land in Established Neighborhood
    Residential Land in Established Neighborhood

    111 Sheep Path Drive, Mooresville, NC 28115

    $69,900
    0.80 AC lot

    Residential land centrally located near Charlotte, Hickory, Winston Salem.

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

    433 Lockhard Circle, Troutman, NC 28166

    $659,999
    8.01 AC lot

    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
    0.60 AC lot

    Serene wooded lot near Lake Norman, ideal for building.

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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.

    Houston Rd
    Land

    0 Houston Rd, Troutman, NC 28166

    Value Estimation by Request
    39.61 AC lot
    View details
    860 Perry Rd
    Farms

    860 Perry Rd, Troutman, NC 28166

    Value Estimation by Request
    8.98 AC lot
    View details
    129 Shermill Ln
    Farms

    129 Shermill Ln, Troutman, NC 28166

    Value Estimation by Request
    13.42 AC lot
    View details
    Murdock Rd
    Land

    0 Murdock Rd, Troutman, NC 28677

    Value Estimation by Request
    14.12 AC lot
    View details

    Troutman, NC Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Troutman, NC on our real estate platform.

    Sale prices for residential income properties in Troutman, NC average $699,900 — 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 1

    Demographics Overview

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

    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

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