Gastonia · Gastonia, NC
208 S Myrtle School Road
Gastonia, NC · 1,109 sqft
$220,000
- 4Beds
- 2.5Baths
- 1,109SqFt
- 1917Year
- 15Days on market
About this home
Investor & Development Opportunity on Nearly Half an Acre in Gastonia!
Situated on a high-visibility corridor, this 1917-built property presents a unique opportunity for investors, builders, or buyers seeking a value-add project with multiple potential exit strategies.
The existing home offers a solid structure with over 2,300 square feet, ready for a full renovation or repositioning. Given its location and layout, the property may be best suited for redevelopment, investment, or alternative use rather than a traditional primary residence.
The nearly 0.5-acre lot provides additional upside, with potential for subdivision or redevelopment (buyer to verify with local municipality). The site’s proximity to commercial activity and major thoroughfares may also present future rezoning or mixed-use possibilities.
Positioned just minutes from downtown Gastonia, with convenient access to Charlotte, this property sits in an area experiencing ongoing growth and revitalization.
Ideal for: • Investors seeking a full renovation project • Builders exploring infill or small-scale development • Buyers evaluating potential commercial or mixed-use opportunities
Properties with this combination of lot size, location, and flexibility are increasingly difficult to find at this price point. Priced for redevelopment or repositioning, this property represents one of the more compelling value-add opportunities currently available in the area
Sold as-is. Buyer to verify all potential uses, zoning, and subdivision possibilities.
Property details
- Beds
- 4
- Baths
- 2.5
- SqFt
- 1,109
- Lot
- —
- Year built
- 1917
- Type
- Single Family
- Days on market
- 15
- Heating
- Central, Space Heater
- Cooling
- Window Unit(s)
- Foundation
- Basement
- Flooring
- Carpet, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,582/ month
- Principal & interest
- $1,362
- Property tax (~0.85%)
- $155
- Homeowners insurance
- $64
- HOA dues
- —
Down payment
$11,000 down · $209,000 financed
Income to qualify (28% rule)
~$67,822 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.
