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Three-Building Triplex Portfolio
For Sale
Contact for pricing
Pending

4223 Elizabeth Ave, New Bern, NC 28562

Portfolio includes three triplex buildings with occupied units, shared land, and no HOA obligations.

Property SizeContact for details
Days on Market145

Property Features for 4223 Elizabeth Ave

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Additional Details

Multifamily Units 9

Building Details

Buildings 3
Tenancy Multi
Listing Agency: NorthGroup Real Estate
Listed By: Allana Ross · License #NC 271627
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 9:32PM

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 NorthGroup Real Estate

Investment Insights

Based on property information with market context.

This residential income property consists of three triplex buildings conveyed with the common land. All nine units are occupied, and tenant rights apply to the existing tenancies. The property is currently overseen by a third-party management company that can continue serving the asset under new ownership.

All three roofs were replaced in 2019. Showings require at least 24 hours’ notice, with the rental manager present. The property is located at 4223 Elizabeth Ave in New Bern, North Carolina.

Key Highlights

  • Three triplex buildings conveyed with the common land
  • All nine units are occupied
  • Third‑party property management can continue after closing

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

Demographics for 28562, NC

39,375
Population
18,812
Households
2.1
Avg Household Size
45
Median Age
33%
College-Educated
93%
High-School Grad
151.7 sq mi
ZIP Area
260
Density / Sq Mi
$74,620
Median Household Income
$40,215
Median Earnings
$1,131
Median Rent
$246,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Portfolio includes three triplex buildings with occupied units, shared land, and no HOA obligations.
Where is this triplex located?
The property is located at 4223 Elizabeth Ave New Bern, NC.
What are key features of this property?
This property features: Three triplex buildings conveyed with the common land; All nine units are occupied; Third‑party property management can continue after closing
More about this property
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