- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$1,500,000
Monthly Est:$7,466
24 Beds
-- Bath
7,276sqft
402 S Ashe Ave, Newton, NC 28658
$1,500,000
$7,466/moEst:
Get Pre-Approved
Apartment
Built in 1975
$-- HOA
1.33 acres lot
$206/sq.ft
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
- Houzeo last checked: 1 hour ago
- Listing updated: October 5, 2026 at 5:11 pm
- Listing Provided by: Jairo Betancourt-Uribe (828) 449-6941 , Leslie Betancourt | RU4 Real Estate, Inc. (828) 449-6941
- Source: Canopy MLS | MLS#: 4430547
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1975
HOA Fees
-
Finished Area
7,276 sqft
Lot Size
1.33 acres lot
Basement Area
- sqft
MLS Name
Canopy MLS
MLS Number
4430547
MLS Status
Active
Days on Market
7
Cumulative Days on Market
4
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 24
Bathroom: --
Interior
Sewer
Public Sewer
Cooling
Central Air
Appliances
Gas Range, Refrigerator
Heating
Natural Gas
Construction
Year Built
Year Built: 1975
Home type
Apartment
Foundation Details
Slab
Roof
Architectural Shingle
Construction Materials
Brick Full
Utilities & Energy
Parking Features
Assigned, Parking Lot, Parking Space(s)
Laundry Features
None
Water Source
City
Utilities
Electricity Connected, Natural Gas
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Listed for Sale | $1,500,000 $206/sqft |
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Based on information submitted to the MLS GRID from Canopy MLS through Oct 08, 2026, 09:00AM. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties which the consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. ©2026 Canopy MLS. All Rights Reserved.
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