116 Lipe Road, Troutman, NC 28166

Local realty services provided by:Better Homes and Gardens Real Estate Foothills
Listed by:kristin hildebrand
Office:re/max properties plus, inc.
MLS#:4296395
Source:CH
116 Lipe Road,Troutman, NC 28166
$750,000
  • 3 Beds
  • 1 Baths
  • 1,025 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$750,000
  • Price per sq. ft.:$731.71

About this home

This 5.9-acre property is an incredible opportunity for real estate investors looking to grow their rental portfolio in a prime location. Situated just 1 mile from I-77 and less than 15 minutes from Lake Norman State Park, the property offers both convenience and strong demand for rental housing. Two existing homes, located at 116 & 128 Lipe Rd, will remain with the property at closing, allowing investors to begin generating rental income right away. With well and septic already in place and most of the acreage cleared, there is plenty of room to add additional homes, creating the potential for a steady stream of income-producing properties all on one site. While the property has been rezoned Neighborhood Business (NB), the county permits continued residential use, making it especially attractive for investors who want to focus on rental income while holding land that has strong future development potential. The existing zoning also provides long-term flexibility should an investor

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Home facts

  • Year built:1924
  • Listing ID #:4296395
  • Updated:August 28, 2025 at 11:09 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,025 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1924
  • Building area:1,025 sq. ft.
  • Lot area:5.9 Acres

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$750,000
  • Price per sq. ft.:$731.71
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