Sales comparison approach using recent listings and sales in the Lincoln Heights neighborhood. Adjusted for property condition and lot size.
Brick Ranch with Renovation Potential Near Uptown Charlotte and JCSU
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.
See the properties helping shape the valuation.
Comparable sales
- 22 SF smaller
- 0.5 additional bathrooms
- Similar lot size
- 7 years newer
- 1,454 SF larger
- 1 additional bedroom
- 2 additional bathrooms
- 4,138 SF smaller lot
- 67 years newer
- 566 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 1,306 SF smaller lot
- 1 year newer
A 1957 ranch on 0.18 acres.
Building
Site & utilities
Lincoln Heights
Researched nearby locations
Location
1920 Irma St, Charlotte, NC 28216
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.
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.
A factual market snapshot around 1920 Irma St.
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.
Neighborhood 1 - Conventional
Zoning
Research-indicated uses
- Single Family
- Duplex
- Accessory Dwelling Unit
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 446 SF larger
- 1 additional bedroom
- 1 additional bathroom
- 204 SF larger
- 1 additional bathroom
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Assess extent of required renovations
- Verify zoning allowances for new construction
- Conduct professional home inspection
- Evaluate market demand for renovated properties in Lincoln Heights
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.