USANCNewton402 S Ashe Ave
Listing image | Image 1

402 S Ashe Ave, Newton, NC

Condo

For Sale

Listed price in listed location currency (USD).
$1,500,000

000

MLS® 4430547

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 7276 sqft
Garage 
HOA Fees 
Taxes 
Days Active 6
Approx. Age 1975
Avg. Price Per Sqft $206
MLS® Number 4430547

Property Address: 402 S Ashe Ave, Newton, NC, 28658-3429

Average square foot calculated using Size range provided by listing agent.

Description

Rare investment opportunity in the heart of Newton! This 11-unit brick apartment complex is situated on approximately 1.33 acres and consists of two buildings with ample on-site parking. Conveniently located within walking distance of Downtown Newton, the library, parks, shopping, restaurants, and more, the property offers an attractive combination of location, unit mix, and value-add potential. The complex features a diverse unit mix, including seven 2-bedroom/1.5-bath units, two 3-bedroom/1.5-bath units, and two single-level 2-bedroom/1-bath units. Currently, three of the eleven units are vacant, giving the next owner a unique opportunity to immediately implement their own leasing strategy, complete desired updates, and position the units to maximize future rental potential. The remaining occupied units provide existing rental income while the property is repositioned. Whether you're looking to expand an existing multifamily portfolio or take advantage of a value-add investment opportunity in a highly convenient location, this 11-unit property offers tremendous potential in vibrant Downtown Newton. Listing also found under commercial MLS# 4430429
MLS® Number4430547
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1975
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 1, 2026List Date
$1,500,000List Price
-End Date
Not Sold YetSold Price

For Sale

Oct 1, 2026List Date
$1,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
402 S Ashe Ave, Newton, NC

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