116 Lipe Road, Troutman, NC 28166

Troutman
Local realty services provided by:Better Homes and Gardens Real Estate Integrity Partners
Listed by: kristin hildebrand
Office: re/max properties plus, inc.
MLS#:4376614
Source:CH
116 Lipe Road,Troutman, NC 28166
$699,900
  • 5.9 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$699,900

About this home

This 5.9-acre investment opportunity checks every box for investors seeking immediate cash flow and long-term upside. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, this property sits in a high-demand rental corridor with strong tenant appeal and future commercial growth potential. Two income-producing homes—116 & 128 Lipe Rd—convey at closing, providing day-one rental income and reducing your holding costs from the start. Both homes do need some TLC, presenting a value-add opportunity for investors to renovate, increase rents, and build additional equity. Existing well and septic systems are already in place, and the mostly cleared acreage creates a streamlined path for expansion. Whether your goal is to increase doors, add additional rental units, or maximize density over time, this property is primed for scalability. The Neighborhood Business (NB) zoning adds significant value for investors. Continue operating as residential rentals while holding...

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Home facts

  • Listing ID #:4376614
  • Updated:May 01, 2026 at 01:09 PM

Structure and exterior

  • Lot area:5.9 Acres
  • Lot Features:Cleared, Corner Lot, Open Lot, Wooded

Schools

  • High school:Unspecified
  • Elementary school:Unspecified

Utilities

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

Finances and disclosures

  • Price:$699,900
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