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Mixed-Use Property with Apartments
For Sale
$735,000

606 & 610 E Fearing St, Elizabeth City, NC 27909

Three leased residences sit above an occupied retail suite with an office and restroom.

Property Size3,393 SF
Price / SF$216.62
Days on Market244

Property Features for 606 & 610 E Fearing St

General Information

Standard status Active
Size 3,393 SF
Property subtype Commercial
Occupancy 100%

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Additional Details

Average Monthly Rent $1,300
Utilities to Site Yes
Sprinkler System Yes

Amenities

stainless steel appliances

Building Details

Year Built 2026
Year Renovated 2022
Tenancy Multi
Listing Agency: Rich Company
Listed By: Kellen Long · License #362488
Source: Coastalrealtyassociates
Added: Feb 12 Changed: Oct 11 Last Checked: Oct 12 at 8:18PM

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 Rich Company

Investment Insights

Based on property information with market context.

This mixed-use condominium includes three second-floor one-bedroom, one-bath apartments and a 1,213-square-foot ground-floor commercial suite. The retail space has an open sales area, a small office, and a restroom. Each apartment includes stainless steel appliances, with floor areas of 612, 692, and 742 square feet. Separate residential access is on the first floor along Fearing Street.

Renovation work completed in 2022 included framing, electrical, plumbing, HVAC, a TPO roof, and a fire suppression system. All three apartments are leased, and the commercial suite is occupied under a lease running through June 30, 2029. The property is part of a recorded condominium, allowing individual unit sales.

Key Highlights

  • Three one‑bedroom, one‑bath apartments measuring 612, 692, and 742 square feet
  • 1,213‑square‑foot ground‑floor commercial suite with open retail area, office, and restroom
  • Renovated in 2022 with new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Home Appliance Store Garden Center

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

Demographics for 27909, NC

40,606
Population
17,591
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
226.9 sq mi
ZIP Area
179
Density / Sq Mi
$64,039
Median Household Income
$40,399
Median Earnings
$1,146
Median Rent
$223,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Three leased residences sit above an occupied retail suite with an office and restroom.
Where is this mixed-use property located?
The property is located at 606 & 610 E Fearing St Elizabeth City, NC.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath apartments measuring 612, 692, and 742 square feet; 1,213‑square‑foot ground‑floor commercial suite with open retail area, office, and restroom; Renovated in 2022 with new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression
More about this property
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