For Sale $399,900
BACK ON MARKET NO FAULT OF SELLER. INVESTOR OPPORTUNITY WITH MAJOR UPSIDE! This expansive 2,800 sq ft ranch + SHOP offers incredible potential for the savvy investor, builder, or renovator. Featuring 3 bedrooms, 2 bathrooms, and a spacious bonus/entertainment room, the layout provides a strong foundation for a high-value transformation, the house could EASILY BE MADE A 4 Bedroom (its practically setup as a 4 bedroom but just needs a small wall and a door. The property includes an attached 1-car garage plus a large, detached shop with driveway—perfect for car enthusiasts, woodworkers, or those operating a home-based business. Ideally located directly across from Paw Creek Elementary, and just minutes to I-485, Charlotte Douglas International Airport, and Uptown Charlotte, this property offers both convenience and long-term value. Optional access to the Coulwood community pool adds additional appeal. Zoned N1-A (buyer to verify with the City of Charlotte), this parcel presents excellent redevelopment potential, with the possibility for multiple homes, duplexes, or triplexes. Important Notes: Property does have significant termite damage affecting the front two bedrooms and living room (including floor joists, subflooring, and portions of the sill plate). Sold AS-IS, with pricing reflective of condition. ARV could be over $600k. CASH, FHA 203k Renovation Loan, or Hard Money Lender
| List Price: | $399,900 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2810 sqft |
| Parking: | Attached Garage, Garage Shop |
| MLS Number: | CAR4366814 |
| Subdivision: | Coulwood |
| Bathrooms: | 2 |
| Lot Description: | Level |
| Year Built: | 1958 |
| Sewer Type: | Public Sewer |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 06-07-2026 | Listed | $399,900 | $143 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Paw Creek Elementary | 0 miles | PK-05 | 4 |
| Mountain Island Lake Academy | 2 miles | PK-05 | 5 |
| Allenbrook Elementary | 3 miles | KG-05 | 2 |
| Oakdale Elementary | 3 miles | KG-05 | 2 |
| Tuckaseegee Elementary | 3 miles | KG-05 | 1 |
| Thomasboro Academy | 4 miles | PK-05 | 1 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1319 Cathey Road, Charlotte NC | 0 mi | $399,900 | days | |
| 1235 Cathey Road, Charlotte NC | 0.1 mi | $402,490 | days | |
| 1209 Cathey Road, Charlotte NC | 0.1 mi | $374,990 | days | |
| 415 Kimmswick Road, Charlotte NC | 0.1 mi | $425,000 | days | |
| 2063 Sadler Woods Lane, Charlotte NC | 0.2 mi | $344,990 | days | |
| 2059 Sadler Woods Lane, Charlotte NC | 0.2 mi | $395,990 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By Francis Real Estate Group, Inc
1319 Cathey Road, Charlotte NC is a 2810 ft2 on a 0.750 acres Level lot. This is for $399,900. This has 3 bedrooms, 2 baths, and was built in 1958.
Based on information submitted to the MLS GRID as of 2026-06-07 09:10:57 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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