Quadplex Opportunity in Newton, NC – Fully Rented!
Fantastic investment opportunity with this well-maintained quadplex in Newton, NC. Each unit offers 2 bedrooms and 1.5 bathrooms, providing an ideal layout for tenants. Several units feature new flooring, and some have been recently painted, giving parts of the property a fresh, updated feel.
The building features a durable brick exterior on the lower level and low-maintenance vinyl siding on the upper level. All four units are currently rented at $1,000 per month each, with strong rental history and professional management already in place through Must Have Real Estate.
Additional highlights include:
• Ample parking for tenants
• Great location convenient to local amenities
• Solid construction with upside potential
• Opportunity to raise rents for increased cash flow
Whether you’re a seasoned investor or just starting your portfolio, this fully occupied quadplex offers immediate income with room for future growth.
Under contract-no show
Price cut: $10K (7/16)
$539,900
230 Park Ln, Newton, NC 28658
8beds
2,145sqft
Est.:
Quadruplex
Built in 1973
-- sqft lot
$513,300 Zestimate®
$252/sqft
$-- HOA
What's special
- 116 days
- on Zillow |
- 509 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 07:00am
Listing Provided by:
Tyler Wilcox Tyler@MustHaveRealEstate.com,
EXP Realty LLC Mooresville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4250486

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Oven, Refrigerator
- Laundry: Laundry Closet
Features
- Has basement: No
Interior area
- Total structure area: 2,145
- Total interior livable area: 2,145 sqft
- Finished area above ground: 2,145
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 0.37 Acres
Details
- Parcel number: 363912978450
- Zoning: R-11
- Special conditions: Undisclosed,None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick Partial, Vinyl
- Foundation: Permanent
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Newton
Financial & listing details
- Price per square foot: $252/sqft
- Tax assessed value: $372,500
- Annual tax amount: $2,957
- Date on market: 4/28/2025
- Road surface type: Concrete, Paved
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