230 park Lane, Newton NC
- 8 Bed
- 0.4 ac
For Sale $539,900
Remarks:
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.
General Information:
| List Price: | $539,900 |
| Status: | For Sale |
| Bedrooms: | 8 |
| Type: | Fourplex |
| Parking: | Parking Space(s) |
| MLS Number: | CAR4250486 |
| Year Built: | 1973 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | South Newton |
| Middle: | Newton Conover |
| High: | Newton Conover |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 08-02-2025 | Price Decrease | $539,900-3.57% | N/A |
| 05-27-2025 | Listed | $559,900 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| South Newton Elementary | 1 miles | PK-05 | 4 |
| North Newton Elementary | 3 miles | PK-05 | 4 |
| Maiden Elementary | 5 miles | KG-06 | 3 |
| Shuford Elementary | 5 miles | PK-05 | 7 |
| Charles H Tuttle Elementary | 5 miles | KG-06 | 7 |
| Balls Creek Elementary | 5 miles | PK-05 | 8 |
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.
Properties For Sale Nearby
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 |
| 230 park Lane, Newton NC | 0 mi | $539,900 | days | |
| 1205 Southwood Drive, Newton NC | 0.1 mi | $215,000 | days | |
| 1401 Southwest Boulevard, Newton NC | 0.1 mi | $314,900 | days | |
| 1401 Brentwood Drive, Newton NC | 0.2 mi | $335,000 | days | |
| 401 Clover Lane, Newton NC | 0.2 mi | $188,000 | days | |
| 108 Pinehurst Lane, Newton NC | 0.2 mi | $329,500 | days |
Sold Properties Nearby
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 |
Commute Distance & Time
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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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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28658
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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.
Property Listing Information
A Courtesy Listing Provided By EXP Realty LLC Mooresville
230 park Lane, Newton NC is a ft2 on a 0.370 acres Appraisal lot. This is for $539,900. This has 8 bedrooms, baths, and was built in 1973.
Based on information submitted to the MLS GRID as of 2025-05-27 10:20:46 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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