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Property view

116 Lipe Road, 
Troutman, NC 28166

$750,000


3

Beds


1

Bath


1,025

Sq Ft


Single Family

Active

Listed by

Kristin Hildebrand

RE/MAX Properties Plus, Inc.

Last updated:

September 28, 2025, 01:29 PM

MLS#

4296395

Source:

CH

About This Home

116 Lipe Road

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 choose to transition the property into commercial or mixed-use purposes down the road. Opportunities like this—where you can start earning rental income immediately while also securing acreage with future upside—are rare in today’s market. Whether you’re looking to hold and rent, expand with additional homes, or strategically plan for future development, this property provides a unique investment with multiple pathways to long-term growth and cash flow.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1924

Price Summary

750,000

$731 per Sq. Ft.

MLS #:

4296395

Last Updated:

September 28, 2025, 01:29 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,025 Sq. Ft.


Structure

Structure

Building Area:

1,025 Sq. Ft.

Year Built:

1924


Lot

Lot Size (Sq. Ft):

257,004


Finances & Disclosures

Finances

Price:

$750,000

Price per Sq. Ft:

$731 per Sq. Ft.

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