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.
Closed
$505,500
230 Park Ln, Newton, NC 28658
8beds
2,145sqft
Quadruplex
Built in 1973
-- sqft lot
$-- Zestimate®
$236/sqft
$1,611 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,611/mo
Zestimate® history
Owner options
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$1,611/mo
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$1,611/mo
Rent Zestimate®
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$3,015/mo
Est. payment
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$3,015/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Tyler Wilcox Tyler@MustHaveRealEstate.com,
EXP Realty LLC Mooresville
Bought with:
Geena Fie
Geena Fie
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4250486
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: $236/sqft
- Tax assessed value: $372,500
- Annual tax amount: $3,161
- Date on market: 4/28/2025
- Cumulative days on market: 133 days
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $505,500-6.4%$236/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 10/1/2025 | Pending sale | $539,900$252/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 8/28/2025 | Listed for sale | $539,900$252/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 8/7/2025 | Pending sale | $539,900$252/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 7/16/2025 | Price change | $539,900-1.8%$252/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 6/30/2025 | Price change | $549,900-1.8%$256/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 4/29/2025 | Listed for sale | $559,900+14.3%$261/sqft |
Source: Canopy MLS as distributed by MLS GRID #4250486 Report a problem | ||
| 1/28/2025 | Listing removed | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 11/22/2024 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 5/24/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/30/2024 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 1/9/2024 | Sold | $490,000-7.5%$228/sqft |
Source: Canopy MLS as distributed by MLS GRID #4086010 Report a problem | ||
| 11/8/2023 | Listed for sale | $529,900$247/sqft |
Source: Canopy MLS as distributed by MLS GRID #4086010 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,161 +6.9% | $372,500 +6.9% |
| 2024 | $2,957 | $348,500 |
| 2023 | $2,957 +65.4% | $348,500 +117.4% |
| 2022 | $1,787 | $160,300 |
| 2021 | $1,787 | $160,300 |
| 2020 | $1,787 | $160,300 |
| 2019 | $1,787 -13.9% | $160,300 -13.9% |
| 2018 | $2,075 | $186,100 |
| 2017 | $2,075 +1.9% | -- |
| 2016 | $2,037 | -- |
| 2015 | $2,037 | $186,100 -7.7% |
| 2014 | $2,037 | $201,700 |
| 2013 | $2,037 | -- |
| 2012 | $2,037 | -- |
| 2011 | $2,037 -1.4% | -- |
| 2010 | $2,067 | -- |
| 2009 | $2,067 | -- |
| 2008 | $2,067 +2% | -- |
| 2007 | $2,026 +23% | -- |
| 2006 | $1,647 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: 28658
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10South Newton ElementaryGrades: PK-5Distance: 0.8 mi
- 5/10Newton-Conover MiddleGrades: 6-8Distance: 5.9 mi
- 6/10Newton-Conover HighGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: South Newton
- Middle: Newton Conover
- High: Newton Conover
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- Catawba County
- Newton
- 28658
- 230 Park Ln
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