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Duplex with Month-to-Month Tenant

202 Madison Street Plymouth, NC 27962

202 Madison Street, Plymouth, NC, 27962
$138,500
For Sale
$138,500

Classic two-unit duplex with a long-term downstairs tenant on a month-to-month lease.

Days on Market450

Property Features for 202 Madison Street

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
1901
Listing agency Key Realty Solutions
Listed by Takyla Smith Hill · License #297619
Source Exitrealty
Added: Apr 28, 2025 Updated: Jul 20 at 11:43PM Checked: Jul 21 at 3:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty Solutions


Investment Insights

Based on property information with market context.

202 Madison Street is a duplex with two separate living units. The downstairs unit is currently occupied by a long-term tenant on a month-to-month lease, providing rental income. The upstairs unit is occupied by the current owner.

The property is in historic Plymouth, North Carolina, and is described as being a few blocks from the Roanoke River. Plymouth High School is less than 5 minutes away, and the Pines at Elizabeth City Golf Course is a short drive. The remarks also cite recurring community events such as the NC Black Bear Festival.

Interior photo availability is limited due to tenant occupancy, so a private tour is recommended to review the property in person and see both units.

Key Highlights

  • Classic 2‑unit duplex built in 1901 in historic Plymouth, NC
  • Downstairs unit is occupied by a long‑term tenant on a month‑to‑month lease
  • Upstairs unit is owner‑occupied, offering an owner‑occupant plus rental income setup

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Gym & Fitness Center Computer & Electronic Repair Florist (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Classic two-unit duplex with a long-term downstairs tenant on a month-to-month lease.
Where is this duplex located?
The property is located at 202 Madison Street Plymouth, NC.
What is the asking price?
The asking price for this property is $138,500.
What are key features of this property?
This property features: Classic 2‑unit duplex built in 1901 in historic Plymouth, NC; Downstairs unit is occupied by a long‑term tenant on a month‑to‑month lease; Upstairs unit is owner‑occupied, offering an owner‑occupant plus rental income setup
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