Overview
168 S Maple St, Mooresville
$199,000
- Room for six townhomes, two duplexes (4 doors), or three new homes
- New townhomes nearby sold for $295,000 to $378,000 each
- Or keep the cottage and build a second home on a flag lot behind it
- One block from a lot split into five new homes in 2025
- Half a mile to downtown Mooresville
What you can build
Almost half an acre with 135 ft of frontage on a paved city street, a few blocks from downtown. The Town of Mooresville’s TN standards leave room for four ways to use it. Each layout below is drawn on this lot’s footprint. Tap any image to see it full size.
- Six townhomes: 16 ft minimum unit width, so six units fit across the frontage. New townhomes nearby sold for $295,000 to $378,000 each.
- Two duplex lots, 4 doors: 7,500 sq ft minimum per lot, 8 ft side setbacks. New duplexes nearby sold for about $500,000 per building and rent for $1,800 to $1,900 a side.
- Three single family lots: 5,000 sq ft minimum and 40 ft of frontage each; setbacks 5 ft side, 10 ft front, 20 ft rear. The cottage comes down. New 3 bed homes nearby sold for $277,000 to $329,000.
- Keep the cottage, add a flag lot: rehab the 1953 home and build one new home in back, reached by a 25 ft flag lot drive.
Layouts and rendering are concepts only, not approved plans. Options are based on current Town of Mooresville standards. Buyer to confirm zoning and lot dimensions with the Town and a survey.
New townhome and duplex sales
| # | Community | Sold | Price |
|---|---|---|---|
| 1 | Smith St townhomes Built 2024 · 4 bed, 2.5 bath, 1,669 sq ft · 9 sales · 0.8 mi |
12/2024 to 12/2025 | $295,000 to $311,000 |
| 2 | Fosters Glen townhomes Built 2022 · 4 bed, 2.5 bath, 2,156 sq ft · 10 sales · 2 mi |
10/2024 to 12/2025 | $357,000 to $378,000 |
| 2 | Fosters Glen duplexes Built 2022 · per building, 2,840 sq ft · 4 sales |
7/2025 to 2/2026 | $487,000 to $507,000 |
| 3 | W Park Ave duplexes Built 2025 · per building, 2,520 sq ft · rent $1,800 to $1,900 a side · 1.5 mi |
4/2026 to 5/2026 | $497,500 to $500,000 |
| 4 | Emerald Green townhomes Built 2013 · 3 bed, 2.5 bath, 1,774 to 2,036 sq ft · 6 sales · 2 mi |
5/2024 to 10/2026 | $317,000 to $396,000 |
| This lot 0.46 acres, zoned TN, with a 1953 cottage |
Asking | $199,000 |
The Smith St townhomes went up in 2024 under the same TN zoning as this lot, and nine units have sold since 12/2024 at $295,000 to $311,000 each. One block from this lot, a single parcel at Sharpe and Sycamore was split into five lots in 2025, and each now has a new 3 bed, 2 bath home. Sources: Iredell County sale records and current rental listings.
The cottage
At $199,000 you are paying close to cottage money alone: six older 2 bed homes within half a mile sold for $225,000 to $257,000 since 3/2025. The 1953 cottage is vacant and needs a full rehab: roof, windows, floors, kitchen and bath are worn or original, there is no central air, and the subfloor is soft under the kitchen sink. Foundation reported in good shape. Two storage sheds and a carport.
Home: 3 bed, 1 bath, 1,072 sq ft heated, built 1953.
Lot: 0.46 acres. 135 ft of road frontage; buyer to confirm by survey.
Utilities: City water and sewer.
Legal: Zoned TN (Traditional Neighborhood), Town of Mooresville. PIN 4667205043.
Terms: Cash only, as is. Buyer pays all closing costs. $5,000 deposit, applied to the price. Proof of funds with every offer. Clear title through the closing attorney.
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jordan@solutionhomebuyers.com
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