OFF MARKET

Off market feb 2024 for $2.9M

—

Est. refi paymentEst. refi $4,258/mo

•

16,012

sq ft

1702 Newland Rd, Charlotte, NC 28216

About this home

ATTENTION INVESTORS! Here's your chance to own a turn-key 23 unit apartment complex in Charlotte, NC. Lincoln Heights Apartments consists of 14 buildings on a 2.01 acre cul-de-sac. Located in an Opportunity Zone (for those interested in tax advantages), this area near Uptown Charlotte is prime for future development. While currently enjoying great cash flow, there is still more post-covid opportunities to increase rents. Each unit consists of 2 bed / 1 bath and is individually metered so tenants pay for their own gas, electric, and water utilities. Owner is responsible for nominal Duke Energy outside lighting and city sewer expenses. Roofs were replaced in 2012 with 30-year architectural shingles. New vinyl windows were installed in 2020-21. Most units (19 of 23) have also been gently updated within the last 24 months. Adjacent to I-77 and just minutes from Uptown, buy and hold until the next big development push and/or reposition these class C apartments for even higher rents.

Multi-familyProperty Type

1964Year Built

2.01 acresLot Size

$183Price/Sq.Ft.

Listed by Jim Townsend • Townsend Realty Group

Contact: jim@townsendrealtygroup.com

Bought with Grainger Gilbert • Fathom Realty NC LLC

Redfin checked: a minute ago

•Source:CANOPYMLS as Distributed by MLS Grid #4095808

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 28216, NC

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.9%

0.2% MoM

Median sale price

$329K

$2K MoM

Avg. days on market

57d

5 days MoM

Recently sold homes

212

7 MoM

New listings for sale

NEW 20 HRS AGO
$585,000
4 beds3 baths2,333 sq ft
6519 Pargo Rd, Charlotte, NC 28216
NEW 26 HRS AGO
$399,900
4 beds2.5 baths2,426 sq ft
8908 Steinbeck Ct, Charlotte, NC 28216
OPEN TODAY, 10AM TO 12PM
$365,000
3 beds2 baths1,506 sq ft
9012 Avery Meadows Dr, Charlotte, NC 28216
$399,000
3 beds2.5 baths2,297 sq ft
4708 Mcclure Rd, Charlotte, NC 28216
$269,900
3 beds2 baths1,083 sq ft
4318 Frank Vance Rd, Charlotte, NC 28216
3D WALKTHROUGH
$399,000
4 beds3 baths1,596 sq ft
1817 Balfour Ln, Charlotte, NC 28216
$325,000
3 beds2 baths2,096 sq ft
6950 Silver Garden Ln, Charlotte, NC 28216
$300,000
4 beds3 baths2,570 sq ft
3012 Burbank Dr, Charlotte, NC 28216
$325,000
4 beds2 baths1,640 sq ft
1309 Fairmont St, Charlotte, NC 28216
COMING SOON
$270,000
3 beds2 baths1,162 sq ft
4706 Bomar Dr, Charlotte, NC 28216
See all

Provided by Redfin

Sale history for 1702 Newland Rd

Year

Property tax

Land + Additions

Assessment*

2025

$18,356 (+9.1%)

$399,100 + $1,470,500

$1,869,600

2023

$16,819 (+20.1%)

$399,100 + $1,470,500

$1,869,600

2022

$14,005 (+1.2%)

$399,100 + $1,470,500

$1,869,600

2021

$13,837 (+1.2%)

$209,400 + $951,500

$1,160,900

2020

$13,667 (+2.7%)

$209,400 + $951,500

$1,160,900

2019

$13,309 (+30.5%)

$209,400 + $951,500

$1,160,900

2018

$10,197 (+3.6%)

$209,400 + $951,500

$1,160,900

2017

$9,841 (+2.0%)

$100,200 + $548,100

$648,300

2015

$9,651 (+2.8%)

$100,200 + $548,100

$648,300

2014

$9,384

2013

$9,385 (+4.0%)

2012

$9,027 (−2.3%)

$100,200 + $548,100

$648,300

2011

$9,240

$100,200 + $549,800

$650,000

Tax history for 1702 Newland Rd

Year

Property tax

Land + Additions

Assessment*

2025

$18,356 (+9.1%)

$399,100 + $1,470,500

$1,869,600

2023

$16,819 (+20.1%)

$399,100 + $1,470,500

$1,869,600

2022

$14,005 (+1.2%)

$399,100 + $1,470,500

$1,869,600

2021

$13,837 (+1.2%)

$209,400 + $951,500

$1,160,900

2020

$13,667 (+2.7%)

$209,400 + $951,500

$1,160,900

2019

$13,309 (+30.5%)

$209,400 + $951,500

$1,160,900

2018

$10,197 (+3.6%)

$209,400 + $951,500

$1,160,900

2017

$9,841 (+2.0%)

$100,200 + $548,100

$648,300

2015

$9,651 (+2.8%)

$100,200 + $548,100

$648,300

2014

$9,384

2013

$9,385 (+4.0%)

2012

$9,027 (−2.3%)

$100,200 + $548,100

$648,300

2011

$9,240

$100,200 + $549,800

$650,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

2.01 Acres

Year renovated

1980

Sq. Ft.

1,392

Year built

1964

Style

Multi-Family (5+ Unit)

County

Mecklenburg County

APN

07706110

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

N2-B

Neighborhood 2 Zoning District

The N2-B Zoning District is intended for the development of multi-family dwellings, including multi-family attached and multi-family stacked units, either as standalone buildings or as components of multi-dwelling developments. Lower-intensity residential dwellings, including single-family, duplex, triplex, and quadraplex dwellings are permitted within the zoning district, subject to the standards of the N1-E Zoning District, or as components of a multi-dwelling development.

Permitted uses

Include but are not limited to:

Community / recreation center
Religious facility
Housing-Multiple units
Mixed use
Public service
Educational / school
Fire house
Police station
Golf related
Ground transport

Property details

Parking

Parking Information
# of Assigned Spaces: 0
Main Level Garage Y/N: 0
Parking Features: Driveway, On Street
Open Parking Spaces: 0
Carport Spaces: 0

Interior

Bedroom Information
# of Bedrooms: 46

Bathroom Information
# of Full Baths (Total): 23

Laundry Room Information
Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup, Other - See Remarks

Other Rooms Information
Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Area

Heating & Cooling
Heating Information: Central, Forced Air
Cooling Information: Varies by Unit

Interior Features
Window Features: Insulated Window(s)
Appliances: Electric Oven, Electric Water Heater, Gas Water Heater, Refrigerator
Flooring: Carpet, Linoleum, Vinyl, Vinyl, Wood

Multi-Family Financial Information
Owner Pays: Sewer

Multi-Unit Information
# of Units (Total): 23

Unit Type 1 Information
Unit Type: 2 Bedroom
# of Units: 23
# of Bedrooms: 2

Exterior

Building Information
Construction Type: Site Built
Construction Materials: Brick Full, Brick Partial
Roof: Shingle

Exterior Features
Patio And Porch Features: Covered, Front Porch
Exterior Features: Lawn Maintenance

Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Property Sub Type Additional: Garden
Zoning: R12MF
Zoning Specification: R12MF

Lot Information
Lot Features: Cul-De-Sac, Rolling Slope
Lot Size Area: 2.012
Lot Size Units: Acres
Lot Size Dimensions: irregular
Road Surface Type: Asphalt, Paved
Road Responsibility: Publicly Maintained Road

Financial

Lease / Rent Details
Tenant Pays: All Utilities

Utilities

Utility Information
Water Source: City
Sewer: Public Sewer
Utilities: Electricity Connected, Gas

Location

HOA Information
HOA Subject To: None

School Information
Elementary School: Bruns Avenue
Middle Or Junior High School: Ranson
High School: West Charlotte

Community Information
Pets Allowed: No

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,392
Stories: 1.0
Lot Size: 2.01 acres
Style: Multi-Family (5+ Unit)
Year Built: 1964
Year Renovated: 1980
County: Mecklenburg County
APN: 07706110

Home facts updated by county records on Sep 8, 2026

Other

Business Information
Other Sq. Ft.: 1136

Auction Information
Is Auction: 0

Listing Information
Exception YN: 0

Home Information
Living Area: 16012
Above Grade Finished Area: 16,012
Building Area Total: 16012
Foundation Details: Crawl Space

Around this home

Schools

Bruns Avenue Elementary

Public PreK-5 • Assigned • 2.0mi

4/10

Ranson Middle

Public 6-8 • Assigned • 2.6mi

3/10

West Charlotte High

Public 9-12 • Assigned • 0.9mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 104° expected this year, 17 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Charlotte, NC • 28216

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 5.3 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

VIDEO TOUR

$309,900

4 beds— baths5,190 sq ft

4145 Gossett Ave, Charlotte, NC 28208

$1,250,000

17 beds11 baths6,517 sq ft

2427 Carmine St, Charlotte, NC 28206

$1,275,000

24 beds12 baths8,400 sq ft

2416 Julia Ave, Charlotte, NC 28206

$2,000,000

24 beds18 baths11,064 sq ft

2909 Burgess Dr, Charlotte, NC 28208

NEW CONSTRUCTION

$8,400,000

58 beds67.5 baths36,757 sq ft

3007 Yada Ln, Charlotte, NC 28208

$1,695,000

8 beds9 baths4,073 sq ft

2213-2219 Park Rd Unit 27/28, Charlotte, NC 28203

New listings for sale in 28216

NEW 20 HRS AGO

$585,000

4 beds3 baths2,333 sq ft

6519 Pargo Rd, Charlotte, NC 28216

NEW 26 HRS AGO

$399,900

4 beds2.5 baths2,426 sq ft

8908 Steinbeck Ct, Charlotte, NC 28216

OPEN TODAY, 10AM TO 12PM3D WALKTHROUGH

$365,000

3 beds2 baths1,506 sq ft

9012 Avery Meadows Dr, Charlotte, NC 28216

$399,000

3 beds2.5 baths2,297 sq ft

4708 Mcclure Rd, Charlotte, NC 28216

$269,900

3 beds2 baths1,083 sq ft

4318 Frank Vance Rd, Charlotte, NC 28216

3D WALKTHROUGH

$399,000

4 beds3 baths1,596 sq ft

1817 Balfour Ln, Charlotte, NC 28216

$325,000

3 beds2 baths2,096 sq ft

6950 Silver Garden Ln, Charlotte, NC 28216

$300,000

4 beds3 baths2,570 sq ft

3012 Burbank Dr, Charlotte, NC 28216

$325,000

4 beds2 baths1,640 sq ft

1309 Fairmont St, Charlotte, NC 28216

Home values near 1702 Newland Rd

Data from public records.

Address	Redfin Estimate
1627 Newland Rd, Charlotte, NC 3 Beds \| 1 Baths \| 840 Sq. Ft.	$199,422
1709 Newland Rd, Charlotte, NC 2 Beds \| 1 Baths \| 890 Sq. Ft.	$183,024

Address	Redfin Estimate
1631 Newland Rd, Charlotte, NC 2 Beds \| 1 Baths \| 1001 Sq. Ft.	$196,193
1632 Newland Rd, Charlotte, NC 3 Beds \| 1 Baths \| 1080 Sq. Ft.	$210,775

Address	Redfin Estimate
1721 Newland Rd, Charlotte, NC 22 Beds \| 11 Baths \| 7280 Sq. Ft.	$1,555,584
1642 Newland Rd, Charlotte, NC 5 Beds \| 3 Baths \| 2324 Sq. Ft.	$327,250

Property information provided by undefined .

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

28269 homes for sale
28226 homes for sale
28209 homes for sale
28210 homes for sale
28277 homes for sale

Houses for rent in Charlotte	Agents near me	Asheville, NC homes for sale	Charlotte Housing Market
Houses for sale near me	Charlotte, NC homes for sale	Apex, NC homes for sale
Land for sale near me	Raleigh, NC homes for sale	Greensboro, NC homes for sale
Open Houses near me	Cary, NC homes for sale	Charlotte Property Records
Condos for sale near me	Durham, NC homes for sale	NC New Listings

Huntersville homes for sale
Fort Mill homes for sale
Concord homes for sale

About this home

Redfin Estimate

Market trends in 28216, NC

Sale history for 1702 Newland Rd

Tax history for 1702 Newland Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 28216

Home values near 1702 Newland Rd

More real estate resources