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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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    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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    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 14 Potential Opportunities for your consideration. Besides 2 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.

    Duplex With Off-Street Parking
    Duplex With Off-Street Parking

    723 Hunt Street, Statesville, NC 28677

    $219,000
    1,000 sqft

    Two-unit property with tenant-paid utilities and landlord-managed exterior maintenance.

    View details
    Renovated Duplex with Driveway
    Renovated Duplex with Driveway

    723 Hunt Street, Statesville, NC 28677

    $219,000
    0.25 AC lot

    Two-unit property with updated kitchens, bathrooms, and vinyl plank flooring.

    View details
    Mixed-Use Property with Retail
    Mixed-Use Property with Retail

    222 S. Main Street, Mooresville, NC 28115

    $24,500,000

    Contemporary development combines multifamily housing with dedicated retail space in a single property.

    View details
    Land, Mooresville, NC
    Land, Mooresville, NC

    109 Ray Dawn Lane, Mooresville, NC 28117

    $249,000
    1.00 AC lot

    Residential land & home lots · 1.00 Acre

    View details

    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

    $6,900,000
    49.88 AC lot

    Exclusive gated community development opportunity in Troutman, North Carolina.

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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.

    View details
    Wooded Residential Homesite Land
    Wooded Residential Homesite Land

    129 Sleepy Cove Trail, Mooresville, NC 28117

    $259,800
    0.65 AC lot

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

    View details

    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

    Estimated value:
    No data
    39.61 AC lot
    View details
    860 Perry Rd
    Farms

    860 Perry Rd, Troutman, NC 28166

    Estimated value:
    No data
    8.98 AC lot
    View details
    129 Shermill Ln
    Farms

    129 Shermill Ln, Troutman, NC 28166

    Estimated value:
    No data
    13.42 AC lot
    View details
    Murdock Rd
    Land

    0 Murdock Rd, Troutman, NC 28677

    Estimated value:
    No data
    14.12 AC lot
    View details

    Troutman, NC Residential Income Properties Market Trends and Statistics

    Explore 6 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 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
    28166 $699.9K

    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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