$195,000
3 Bed · 1 Bath · 884 Sq Ft
Affordable 3BR ranch with updates, large lot, and redevelopment upside
3
Beds
1
Baths
884
Sq Ft
1957
Built
0.175 acres
Lot
Carport and driveway (approx. 2 spaces)
Garage
This compact brick ranch at 1920 Irma St stands out for what it offers on the land as much as inside the footprint: a level 0.175-acre lot in Lincoln Heights with immediate renovation or rebuild potential just 2.5 miles from Uptown Charlotte. Built in 1957 and occupying 884 square feet, the home presents a practical, affordable entry point into a neighborhood seeing steady redevelopment.
Inside, recent updates give the interior a cleaner, move-in-ready feel while still leaving room to add value. Luxury vinyl plank flooring runs through the living spaces, vinyl windows replace older units, and the bathroom features an updated shower with tasteful tile surround. Cabinets have been refreshed, creating a tidy kitchen area that can be expanded or modernized. Heating is forced-air gas; buyers should note the property currently has no cooling system installed and will likely need an HVAC upgrade as part of a renovation scope.
The single-story layout is straightforward: three bedrooms and one bath make efficient use of space. Outdoors, the broad, level yard allows for additions, accessory dwelling units or new construction consistent with the property’s N1-C zoning. A covered carport and adjacent driveway provide parking for two vehicles and sheltered access at the front door.
What elevates this parcel is neighborhood context. A duplex and new construction have recently sold nearby, demonstrating strong appetite for renovated and newly built homes on Irma Street. Lincoln Heights Park is half a mile away; West Charlotte High and Johnson C. Smith University are within easy reach, supporting future tenant or owner-occupier demand. With an assessed 2025 value of $177,800, annual taxes of $1,538, and a listing price of $195,000 ($221/sf), this property appeals to renovators, investors seeking rental yield, or small-scale builders.
Practical buyers will appreciate the clear next steps: inspect the structure, get HVAC pricing, and explore N1-C zoning for duplex or ADU options. Whether you update the existing bungalow, convert it into a strong rental (estimated monthly rent ~ $1,200), or pursue new construction, 1920 Irma St offers a tangible path to value in a Charlotte neighborhood on the move.
Lincoln Heights is a neighborhood in transition — residential streets with steady redevelopment activity and a growing interest from buyers seeking proximity to Uptown without Uptown pricing. The area offers community parks, local schools, and access to Johnson C. Smith University, fostering a mix of student and family-oriented demand. Short drives bring you to restaurants, cultural venues and employment centers in central Charlotte, while neighborhood green spaces like Lincoln Heights Park provide everyday outdoor options. The character here balances affordability with investment upside as builders and renovators continue to update the housing stock.
Lincoln Heights currently sits in a cautiously favorable position for sellers and investors. Inventory is relatively tight at about 3.5 months, below a neutral six-month balance and supporting modest upward price pressure. Area-wide median sale price sits near $330,000, with Lincoln Heights showing steady appreciation — roughly 5% year-over-year and about 15% over five years. Average days on market in the corridor are around 70 days, indicating moderate demand and a market that rewards competitively priced and well-presented listings. Single-family homes that have been renovated or rebuilt have seen stronger velocity and pricing — recent comps on Irma Street include a 2024 new-construction sale at $480,000 and renovated bungalows in the high $200Ks–$300Ks range. For investors, rental demand is steady: estimated rent for a renovated 3-bedroom in the area runs around $1,200/month with a gross rental yield near 7.4% in current conditions. Given the N1-C zoning (allowing duplexes and accessory units), 1920 Irma St is well-positioned for buyers who can add value through renovation or redevelopment while taking advantage of an inventory-lean local market.
West Charlotte High
High · 0.7 mi
Ranson Middle
Middle
Bruns Avenue Elementary
Elementary
Excellent neighborhood park access with Lincoln Heights Park 0.5 miles away, easy walking connections to local streets, and quick drives to Uptown Charlotte for larger recreation, cultural and entertainment options.
Renovation-ready property in a developing neighborhood with potential for value appreciation through updates or new construction.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$185K
Midpoint
$195K
High
$205K
$221/SF estimated price per square foot
Sales comparison approach using recent listings and sales in the Lincoln Heights neighborhood. Adjusted for property condition and lot size.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Steady population growth with increasing interest in redevelopment projects.
Proximity to educational institutions and parks; short drive to Uptown Charlotte.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$221/SF
Listed for sale
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