Mooresville Homes under $200,000

Welcome to Mooresville, North Carolina – a charming town nestled in the heart of Iredell County, known for its picturesque lakeside views and vibrant community spirit. Mooresville, often referred to as "Race City USA," is not only famous for its rich motorsport heritage but also for its welcoming atmosphere, making it an ideal place for families, retirees, and young professionals alike.

One of the most appealing aspects of Mooresville is its housing market, particularly for those seeking affordable options. With a variety of homes available under $200,000, this town presents an excellent opportunity for first-time homebuyers or those looking to invest in real estate. You can find cozy single-family homes, charming townhouses, and even some delightful condos, all offering the perfect blend of comfort and affordability.

Living in Mooresville means enjoying a plethora of outdoor activities, thanks to its proximity to Lake Norman, where you can indulge in boating, fishing, and hiking. The town boasts a thriving downtown area filled with unique shops, delightful restaurants, and cultural attractions, ensuring that there's always something to do.

Moreover, Mooresville's excellent schools and family-friendly neighborhoods make it a safe and nurturing environment for children to grow and thrive. With its rich history, strong community ties, and affordable housing options, Mooresville truly stands out as a hidden gem in North Carolina. Discover your dream home in this vibrant town today and embrace the lifestyle that awaits you!

Newest Mooresville Homes under $200,000

$149,900

2 Beds ⋅ 2 Baths ⋅ 4439627 MLS

**Investor Special – Fixer Upper with Great Potential!** Opportunity awaits at 700 Smith Street! This property is ready for a makeover and offers great potential for investors, flippers, or buyers looking for a renovation project. A major improvement has already been completed, with **professional foundation repairs and vapor barrier installation performed with engineering involvement**. The home still needs updates and repairs throughout, but offers an excellent opportunity to add value. Bring your vision and transform this property into something special! **Sold as-is.**

700 Smith Street, Mooresville

$199,900

3 Beds ⋅ 1 Baths ⋅ 4434204 MLS

Welcome home to this charming property in the heart of Mooresville! The cozy interior features new stainless steel appliances, new vinyl flooring, and fresh paint throughout. The exterior also boasts new paint with a brand new roof! The fireplace has been sealed off by a previous owner and the condition is unknown by the seller. Schedule your visit today!

404 E Mills Avenue, Mooresville

$170,000

3 Beds ⋅ 3 Baths ⋅ 4429457 MLS

Located on the corner of West Iredell and North Academy Streets in the heart of Mooresville, 261 West Iredell Avenue offers a rare opportunity for buyers looking to renovate, restore, or flip a piece of Mooresville history. Built in 1905, this three-bedroom home sits directly across from Mitchell Community College and just one block off Main Street — putting downtown Mooresville's shops, restaurants, and everyday conveniences within easy walking distance. The corner lot location adds even more appeal for future renovation plans. The home is approximately 1,800 square feet (all measurements to be verified by buyer) and is served by city water and sewer. It is being sold strictly as-is, in its current condition, and is priced accordingly to reflect the repairs and updates it will need. No repairs will be made by the seller prior to closing. The current owner has never occupied the property and has limited knowledge of its specific condition or repair needs, so buyers are strongly encouraged to complete a thorough inspection prior to submitting an offer. For the right investor, renovator, or buyer looking to create something special, this is a rare chance to own a piece of downtown Mooresville — offering a truly walkable lifestyle and strong long-term potential in one of the area's most established neighborhoods.

261 W Iredell Avenue, Mooresville

$185,000

2 Beds ⋅ 1 Baths ⋅ 4418667 MLS

Charming opportunity in the heart of Mooresville! This inviting 2-bedroom, 1-bath home offers character, functionality, and a spacious private backyard setting that is hard to find at this price point. Nestled on a generous lot with mature trees and open green space, the property provides plenty of room to relax, entertain, garden, or expand outdoor living possibilities. Inside, you’ll find a warm and welcoming layout filled with natural light and timeless charm. Whether you are searching for a primary residence, investment property, or future renovation opportunity, this home offers incredible flexibility and potential. Conveniently located just minutes from downtown Mooresville, shopping, dining, schools, and major commuter routes, you’ll enjoy easy access to everything while still having the comfort of a quiet homesite with room to breathe. An excellent opportunity to own in one of the Lake Norman area’s most desirable and growing communities.

431 W Statesville Avenue, Mooresville

$169,000

2 Beds ⋅ 1 Baths ⋅ 4418254 MLS

Two bedroom, one bath… Second bedroom is on the small side great for kids or office… master bedroom is large with a walk-in closet and Wayne board on lower portion of walls..large living room with vertical Wayne board on lower portion of walls... Address is on Selma, but Driveway runs off of the back of house to Spencer Avenue… enter from Spencer Avenue !!!...Large front porch… Plenty of parking with mature tree for a shaded yard… Brand new windows… Vinyl siding… Roof less than five years old… House is all electric with central heat and air… Hardwoods, tile, new laminate flooring… recently upgraded kitchen cabinets with new countertops and faucet… New electric stove… Hard wired 110 smoke detector… all new paint ceilings walls, and trim… Washer and dryer room with storage cabinets… Large storage room at back door entrance… This home has a very friendly layout.. one minute walk to beautiful magda Park with baseball field and playground…Mooresville grade at school district… Not far from Downtown Main St., Mooresville… Close to highways and I 77 for commuting…

23 Selma Drive, Mooresville

$154,000

1 Beds ⋅ 1 Baths ⋅ 4418226 MLS

Spacious one bedroom, one bath, bungalow… minutes from downtown Race City, (Mooresville ) only 30 miles from Charlotte in Lake Norman area .. across the street from beautiful Magla Park with baseball and playground for kids… Hardwood floors, and tile throughout… Ceiling fans… 110 electric Smoke detector with battery backup…Washer and dryer hook ups… Central heat and air… Just freshly painted throughout the whole house including ceilings ,, walls and trim… Fridge and stove included… hook, ups for both gas and or electric stove… Rear entry with foyer… Extra wide bathroom door with walk-in shower unit… Great for handicap or elderly… Upgraded Windows in the near past… New electrical breaker panel in 2025… Large front porch… Plenty of parking… Large private backyard partially fenced, with shade trees, all around…sought after Mooresville graded school district… Shopping, dining, parks,,,and major highways, nearby for commuting… this house is now move-in ready… Was renting for 1200 a month, great investment… can view any time.

72 Spencer Avenue, Mooresville

$199,000

3 Beds ⋅ 1 Baths ⋅ 4404228 MLS

Beautiful 1-acre property with endless potential! Whether you're looking to renovate, expand, or explore subdivision possibilities (subject to local zoning and approvals), this property offers a fantastic opportunity. The existing home is in need of a good bit of TLC and is being sold as-is, making it ideal for investors, builders, or buyers ready to create their vision. Enjoy the space, privacy, and possibilities this generous lot has to offer.

601 Faith Road, Mooresville

$199,900

2 Beds ⋅ 1 Baths ⋅ 4395153 MLS

Discover nearly two acres of possibility just minutes from downtown Mooresville! Tucked away in a private tree-lined setting, this nearly two-acre property offers the rare combination of seclusion and convenience, all within close proximity to shops, dining, and the charm of Downtown Mooresville. Towering mature trees frame the land, creating a peaceful, established atmosphere that simply can’t be replicated. Whether you’re envisioning a private retreat, a custom build, or a renovation project, the possibilities here are wide open. The existing 1,200 sq ft home is being sold as-is and presents an excellent opportunity for investors, flippers, or buyers with a vision. Cash purchases only. Bring your contractor and your creativity — the bones are there, and the setting is already exceptional.

145 Alexander Acres Road, Mooresville

$200,000

1 Beds ⋅ 1 Baths ⋅ 4390364 MLS

Great cottage-style home in the Historic Mill Village of Mooresville. Quaint home with new fencing and newer flooring as well. Home has been well maintained and a perfect size for those looking to size down or moving into their first home. Easy access and moments away to all the fun of Downtown Mooresville. Spinners ball field is right around the corner along with great parks, restaurants, retail shopping, pharmacy, art shows, banks, places of worship, and grocery stores. Short distance from Lake Norman, Duke-Lake Norman Hospital and I-77 as well. Much sought after MGSD (Mooresville Graded School District)! The home is being used as a one bedroom currently but the tax card reflects 2 bedrooms. You could own a piece of great history in Mooresville! Tenants are currently in place but are ready to move when necessary. Fabulous investor and rental opportunity! Call today for a private showing!

358 Nesbit Avenue, Mooresville

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The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”

Mooresville Homes under $200,000

Newest Mooresville Homes under $200,000

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