Don't miss this rare opportunity to own a triplex in the heart of downtown Elizabeth City! This well-maintained property features three separate units: two 1-bedroom, 1-bath apartments on the first floor, and a spacious 3-bedroom, 1-bath apartment upstairs. With a long-standing rental history and thoughtful care over the years, this property is perfect for investors looking for an income-producing opportunity.
The home sits on a generous lot with a detached garage and a large, open yard — offering plenty of outdoor space for tenants or future possibilities. Apartment C is being sold fully furnished, adding immediate value for short-term or long-term rental potential.
Located just one block from the Pasquotank River, tenants will enjoy easy access to downtown dining, shopping, and waterfront activities. Recent updates include fresh flooring, paint, and bathroom renovations throughout the units.
Whether you're expanding your rental portfolio or looking to live in one unit and rent the others, this is a versatile investment in a charming, growing community.
Under contract
$325,000
703 1st Street, Elizabeth City, NC 27909
5beds
3baths
2,672sqft
Est.:
Triplex
Built in 1900
-- sqft lot
$321,000 Zestimate®
$122/sqft
$-- HOA
What's special
- 16 days
- on Zillow |
- 380 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 01:57pm
Listed by:
Heather And Company 252-435-7111,
Water Street Real Estate Group
Source: Hive MLS,MLS#: 100500455

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Natural Gas, Propane
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Laundry: Laundry Closet, In Hall
Features
- Apt/Suite
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,672
- Total interior livable area: 2,672 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, On Site, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch
- Fencing: Chain Link
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 49 x 149 x 47 x 149
Details
- Parcel number: 891420915125
- Zoning: R-6
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding, Wood Frame
- Foundation: Brick/Mortar
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Municipal Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Elizabeth City
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $88,700
- Annual tax amount: $1,541
- Date on market: 4/11/2025
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