Property listing for 1920 Irma St, Charlotte, NC 28216
For SaleSingle Family Home

$195,000

1920 Irma St, Charlotte, NC 28216

Brick Ranch with Renovation Potential Near Uptown Charlotte and JCSU

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

About 1920 Irma St

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.

Home Highlights

Listed at $195,000 — $221 per sq ftRenovation-ready with updated cabinets and tile showerLVP flooring and vinyl windows recently installedLevel 0.175-acre lot with N1-C zoning (duplex/ADU allowed)Carport plus driveway parkingEstimated rental income ~ $1,200/month

Property Features

Interior Features

  • 3 bedrooms, 1 full bathroom
  • 884 sq ft of single-story living
  • LVP (luxury vinyl plank) flooring throughout main areas
  • Updated shower with tile surround
  • Refreshed kitchen cabinets
  • Forced-air gas heating

Exterior & Lot

  • Brick ranch construction (1957)
  • Level 0.175-acre lot (approx. 7,622 sq ft)
  • Attached carport and driveway parking (approx. 2 spaces)
  • Standard residential frontage on Irma Street
  • Lot size suitable for expansion, ADU or new construction (zoning N1-C)

Location & Neighborhood

  • Lincoln Heights neighborhood, Charlotte
  • 0.5 miles to Lincoln Heights Park
  • 0.7 miles to West Charlotte High School
  • 1.2 miles to Johnson C. Smith University
  • Approximately 2.5-mile drive to Uptown Charlotte

Walkability & Recreation

  • Walkability Rating: 55/100 — Some walkable amenities
  • Lincoln Heights Park within a short walk (0.5 miles)
  • Close proximity to local schools and university campus
  • Short drive to Uptown amenities, restaurants and employment centers
  • Neighborhood streets suited to walking and short errands

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

West Charlotte High

High · 0.7 mi

5/10

Ranson Middle

Middle

3/10

Bruns Avenue Elementary

Elementary

4/10

Walkability & Recreation

55
Walkability
65
Recreation

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.

Investment Highlights

  • Listed at $195,000, aligning with comparable properties in the area
  • Recent updates include LVP flooring, vinyl windows, and updated shower and cabinets
  • Located in Lincoln Heights, a neighborhood with steady growth and redevelopment interest
  • Proximity to Lincoln Heights Park, West Charlotte High School, and Johnson C. Smith University
  • Short 2.5-mile drive to Uptown Charlotte, offering access to city amenities and employment centers

Key Findings

  • Assessed value for 2025 is $177,800 with annual property taxes of $1,538
  • Median sale price in Lincoln Heights is $330,000, indicating potential for appreciation post-renovation
  • Zoned N1-C, allowing for single-family, duplex, and accessory dwelling units
  • Lot size of 0.175 acres provides flexibility for redevelopment or expansion

Things to Consider

  • Property requires additional work beyond recent updates
  • Cooling system not installed; potential need for HVAC upgrade
  • Schools in the area have average ratings, which may impact family buyer interest
  • Market trends indicate an average of 70 days on market, suggesting moderate demand

Opportunity Analysis

Renovation-ready property in a developing neighborhood with potential for value appreciation through updates or new construction.

Potential Use Scenarios

  • Renovate existing structure to enhance value and appeal
  • Consider new construction, leveraging the lot size and zoning allowances
  • Monitor neighborhood redevelopment trends to align with market demands

Risk Factors

  • Extent of required renovations may impact budget and timeline
  • Market demand in the area is moderate, with average days on market at 70
  • School ratings may affect desirability for family buyers

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$185K

Midpoint

$195K

High

$205K

$221/SF estimated price per square foot

80% confidence

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.

Market & Area Data

Market Trends

Area Median Price$330,000
Avg Days on Market70 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$45,000

Steady population growth with increasing interest in redevelopment projects.

Nearby Points of Interest

  • Lincoln Heights Park (0.5 mi)
  • West Charlotte High School (0.7 mi)
  • Johnson C. Smith University (1.2 mi)
  • Uptown Charlotte (2.5 mi)

Proximity to educational institutions and parks; short drive to Uptown Charlotte.

School District

DistrictCharlotte-Mecklenburg Schools
ElementaryBruns Avenue Elementary (4/10)
MiddleRanson Middle (3/10)
HighWest Charlotte High (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1957
Constructionbrick
Stories1
Roofcomposition
Heatingforced air gas
Coolingnone
Basementnone
FireplaceNo
Conditionfair

Lot & Site

Lot Size0.175 acres (7,622 SF)
Topographylevel
Parkingcarport_and_driveway
Parking Spaces2
FrontageStandard residential frontage on Irma St

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeN1-C
DescriptionNeighborhood 1 - Conventional
JurisdictionCity of Charlotte

Allowed Uses

single familyduplexaccessory dwelling unit
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$177,800
Land$70,000
Improvements$107,800
Annual Tax (2025)$1,538

Sale History

2026-03-07$195,000

$221/SF

Listed for sale

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