Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 Hawthorne Dr Elizabeth City, NC 27909

    Sponsored
    For Sale
    Under Contract
    $399,900

    MULTI_FAMILY - Elizabeth City, NC

    Property size:
    2,028 SF
    Lot size:
    0.67 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 3 at 4:06 am

    Property Features for 108 Hawthorne Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    R-15
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3
    Bedrooms
    4
    Bathrooms
    4
    APN
    8905 177034
    Parking
    2
    Parking features
    Garage
    Interior features
    Master Downstairs, Blinds/Shades
    Appliances
    Gas Oven, Refrigerator, Dishwasher
    Size
    2,028 SF
    Lot size
    0.67 Acres

    Utilities

    Heating system
    Propane (Heating), Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick Veneer
    Roof type
    Shingle

    We can help!

    Listing Contact

    Berkshire Hathaway HomeServices RW Towne Realty/Chesapeake

    Listing agent Julie Fish (757) 305-8007 License #317950

    Listing date Jan 29, 2026

    MLS# 100550745 Listing URL

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Meticulously Maintained Duplex with Garage

    This meticulously maintained duplex presents a fantastic ownership opportunity. Each unit features 2 bedrooms and 1 full bathroom, with separate utility metering. Pella windows are installed throughout the property. The roof and gutters are less than five years old. Both units are spotless and move-in ready. Unit B has a long-term tenant, offering immediate income potential. The property is conveniently located with an easy commute to the Coast Guard Base and Virginia, and is just minutes from downtown shopping and dining. A standout feature is the expansive 28x42 detached garage offering two vehicle bays, ample storage, and permanent stairs leading to a second level that could easily be finished for additional usable space. The property is located in Elizabeth City, NC, and sits on a 0.67-acre lot. The property size is 2028 square feet. The zoning is R-15.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Auto Repair Shop Hair Salon Department Store Storage Facility Daycare Center Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.27727
    Latitude
    36.349546

    Nearby Similar for Sale

    • $949,000
      3,618 SF

      Waterfront Condos with Deeded Boat Slips

      Unique waterfront condos with boat slips and rooftop decks.
      301/302 S Water St, Elizabeth City, NC 27909
      View Details
    • $973,000

      Versatile Industrial Building in Commerce Park

      10,400 SF building on 2.7 acres near Port of VA.
      116 Corporate Dr, Elizabeth City, NC 27909
      View Details
    • New
      $329,900
      3,680 SF

      Elizabeth City Multifamily Investment Opportunity

      Four units, each with two beds and one bath.
      413 Massachusetts Ave, Elizabeth City, NC 27909
      View Details
    • $275,000
      2,458 SF

      Elizabeth City Multifamily Property

      Multifamily property for sale in Elizabeth City, North Carolina.
      305 Speed St, Elizabeth City, NC 27909
      View Details
    • $180,000
      Pending

      Elizabeth City Duplex Investment

      Income-producing duplex near waterfront and downtown Elizabeth City.
      314 Culpepper St, Elizabeth City, NC 27909
      View Details
    • $925,000

      Dollar General Investment Opportunity

      High-performing Dollar General property with a strong operating history.
      1903 Weeksville Rd, Elizabeth City, NC 27909
      View Details
    • Contact for pricing
      25,719 SF

      Elizabeth City Light Manufacturing Facility

      25,719 SF manufacturing facility on 9.58 acres for sale.
      112 Corporate Dr, Elizabeth City, NC 27909
      View Details
    • $275,000
      2,458 SF

      Multifamily Property in Elizabeth City

      Multifamily property for sale, all units currently occupied.
      303 Speed St, Elizabeth City, NC 27909
      View Details
    • $749,000
      8,974 SF

      Elizabeth City Surgical Center For Sale

      Ambulatory Surgical Center near Sentara Albemarle Medical Center.
      102 Northside Park, Elizabeth City, NC 27909
      View Details
    • $350,000

      Used Car Dealership For Sale

      Used car dealership with service shop in high-traffic area.
      1331 N Road St, Elizabeth City, NC 27909
      View Details
    • $19,168,000
      227,399 SF

      Retail Property in Elizabeth City

      Retail property available for sale in Elizabeth City, NC.
      1873 W Ehringhaus St, Elizabeth City, NC 27909
      View Details
    • $250,000
      1,896 SF

      Elizabeth City Office Building

      Prime Office Space, 1896 sq ft
      525 Hughes Blvd, Elizabeth City, NC 27909
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with separate utilities, new roof, and detached garage.
    Where is this duplex located?
    The property is located at 108 Hawthorne Dr Elizabeth City, NC.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Expansive 28x42 detached garage with **two vehicle bays**, ample storage, and a second level that can be finished.; - Immediate income potential from long-term tenant in Unit B.; - Separate utility metering for each unit.
    (757) 305-8007
    Request Owner's contact information
    108 Hawthorne Dr Elizabeth City, NC 27909
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Hawthorne Dr
    Elizabeth City, NC 27909
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Hawthorne Dr Elizabeth City, NC 27909
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Real Estate License ID: 317950
    (757) 305-8007
    Learn more
    Google sign-in failed. Please try again or use another login method.