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Elizabeth City, NC

Multifamily

Elizabeth City, NC Multifamily Properties for Sale

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Camden, NC South Mills, NC Hertford, NC

6 properties

Elizabeth City Multifamily Investment Opportunity

Updated: Feb 3

Elizabeth City Multifamily Investment Opportunity

1005 Raleigh Street, Elizabeth City, NC 27909

$2,695,827

21,500 sqft · 2.86 AC lot

24‑unit multi‑family portfolio with approx. 21,500 sq ft total building area across 1005 Raleigh St., 1110 Park St., and 0000 Park St.
Unit mix: all units have 2 bedrooms; 1 or 1.5 bathrooms; several one‑story units offer handicap accessibility.
Current occupancy is 95.8% (1 vacant unit); vacant unit is listed at $1,250/month; current rents range from $1,000-$1,300/month.
Income metrics provided: NOI at full occupancy is $243,704.40 and projected full‑occupancy gross income is approx. $324,600.
Recent/improved building systems: three roofs replaced in past 3‑4 years with 30‑year architectural shingles; encapsulation of all quadplexes at 1110 Park St.; addition of dehumidifiers.

Elizabeth City Multifamily Investment Opportunity

Updated: Sep 9, 2025

Elizabeth City Multifamily Investment Opportunity

305 Speed Street, Elizabeth City, NC 27909

$275,000

2,458 sqft · 0.31 AC lot

Built in 2003 with vinyl siding and wood frame construction
6 bedrooms and 4 bathrooms
Heat pump heating and cooling; electric heating
LVP/LVT flooring throughout
Kitchen features include a kitchen island; appliances include refrigerator and range

Waterfront Condos with Deeded Boat Slips

Waterfront Condos with Deeded Boat Slips

301/302 S Water Street, Elizabeth City, NC 27909

$949,000

3,618 sqft

Unique waterfront condos with deeded boat slips and rooftop decks.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Elizabeth City Multifamily Investment

Elizabeth City Multifamily Investment

303 Speed Street, Elizabeth City, NC 27909

$275,000

2,458 sqft · 0.31 AC lot

Exceptional rental property with growth potential in Elizabeth City, NC.

Renovated Mixed-Use Property For Sale

Renovated Mixed-Use Property For Sale

606 E Fearing St, Elizabeth City, NC 27909

$735,000

3,414 sqft

Downtown Elizabeth City commercial and residential units, fully renovated in 2022.

Multi-Family Apartment Complex Portfolio

Multi-Family Apartment Complex Portfolio

1005 Raleigh St, Elizabeth City, NC 27909

$2,695,827

21,500 sqft

Well-maintained 24-unit apartment complex with high occupancy rate.

Based on your search, we've compiled 55 Potential Opportunities for your consideration. Besides 6 Active listings in Elizabeth City, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Triplex in Historic Edenton

Renovated Triplex in Historic Edenton

207 S Oakum Street, Edenton, NC 27932

$545,000

2,700 sqft · 0.19 AC lot

Turnkey triplex in Edenton's historic district with income potential.

Versatile Triplex in Historic Edenton

Versatile Triplex in Historic Edenton

113 Mexico Road, Edenton, NC 27932

$379,900

3,713 sqft · 1.00 AC lot

Triplex with income potential near downtown Edenton.

Bayfront RV Lot in Resort Community

Bayfront RV Lot in Resort Community

3665 Sandpiper Road, Virginia Beach, VA 23456

$339,000

Bayfront RV lot with a flow-through dock, front and rear power hookups, sewer access, and resort amenities.

North Bay Shore Campground

North Bay Shore Campground

3257 Colechester Rd, Virginia Beach, VA 23456

$4,800,000

Virginia Beach campground for sale at $40,000 per unit.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Land in Elizabeth City

Waterfront Land in Elizabeth City

Driftwood Drive lot: 0, Elizabeth City, NC 27909

$550,000

53.50 AC lot

53.5-acre waterfront property with development potential in Elizabeth City, NC.

Waterfront Canal-Front Land

Waterfront Canal-Front Land

Driftwood Drive lot: 770, Elizabeth City, NC 27909

Contact for pricing

0.28 AC lot

Build-ready waterfront land with canal frontage and river views suited for boating and everyday water access.

Wooded Corner Lot in Glen Cove

Wooded Corner Lot in Glen Cove

114 Spindrift Trail lot: 73, Elizabeth City, NC 27909

Contact for pricing

0.44 AC lot

0.437-acre wooded corner lot in a friendly neighborhood.

Residential Lot Ready for Development

Residential Lot Ready for Development

Alexander Lane, Williamston, NC 27892

Contact for pricing

0.69 AC lot

0.69-acre lot outside Williamston, NC, ready for development.

Off-Market Properties in Elizabeth City, NC

Consider similar Off-Market properties in Elizabeth City, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

3 Walker Ave, Elizabeth City, NC 27909

$15,500,000

Estimated value

11.90 AC lot

GARDEN APT, COURT APT (5+ UNITS)

Roanoke Ave, Elizabeth City, NC 27909

$15,500,000

Estimated value

3.56 AC lot

1202 Carolina Ave

GARDEN APT, COURT APT (5+ UNITS)

1202 Carolina Ave, Elizabeth City, NC 27909-5419

Value Estimation by Request

0.25 AC lot

GARDEN APT, COURT APT (5+ UNITS)

305 Church St, Elizabeth City, NC 27909-4849

Value Estimation by Request

0.46 AC lot

1129 Horseshoe Rd

BOARDING/ROOMING HOUSE

1129 Horseshoe Rd, Elizabeth City, NC 27909-8507

$515,000

Estimated value

1.03 AC lot

GARDEN APT, COURT APT (5+ UNITS)

Walker Ave, Elizabeth City, NC 27909

$5,675,000

Estimated value

3.44 AC lot

GARDEN APT, COURT APT (5+ UNITS)

Walker St, Elizabeth City, NC 27909

Value Estimation by Request

6.56 AC lot

110 Mcmorrine St

HIGH-RISE APARTMENTS

110 Mcmorrine St, Elizabeth City, NC 27909-4436

$3,285,000

Estimated value

0.44 AC lot

BOARDING/ROOMING HOUSE

311 Church St, Elizabeth City, NC 27909-4719

$510,000

Estimated value

4,504 sqft · 0.58 AC lot

1221 Riverside Ave

GARDEN APT, COURT APT (5+ UNITS)

1221 Riverside Ave, Elizabeth City, NC 27909

$2,110,000

Estimated value

2.35 AC lot

1206 Parkview Dr

GARDEN APT, COURT APT (5+ UNITS)

1206 Parkview Dr, Elizabeth City, NC 27909-6068

$685,000

Estimated value

1.73 AC lot

GARDEN APT, COURT APT (5+ UNITS)

Russell Ln, Elizabeth City, NC 27909

$1,400,000

Estimated value

9.75 AC lot

BOARDING/ROOMING HOUSE

108 Fearing St, Elizabeth City, NC 27909-4814

Value Estimation by Request

2,537 sqft · 0.18 AC lot

1499 Hoffler St

GARDEN APT, COURT APT (5+ UNITS)

1499 Hoffler St, Elizabeth City, NC 27909-4932

Value Estimation by Request

1.20 AC lot

GARDEN APT, COURT APT (5+ UNITS)

280 Carver St, Elizabeth City, NC 27909

Value Estimation by Request

0.74 AC lot

GARDEN APT, COURT APT (5+ UNITS)

111 Cameron Dr, Elizabeth City, NC 27909-8912

$1,275,000

Estimated value

4.99 AC lot

GARDEN APT, COURT APT (5+ UNITS)

Mcmorrine St, Elizabeth City, NC 27909

Value Estimation by Request

0.12 AC lot

GARDEN APT, COURT APT (5+ UNITS)

1108 Weeks St, Elizabeth City, NC 27909-4671

Value Estimation by Request

0.26 AC lot

Elizabeth City, NC Multifamily Properties Market Trends and Statistics

Explore 47 multifamily properties for sale in Elizabeth City, NC, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 54,948 square feet of properties for sale, with an estimated market value of $7,625,654.

Sale prices for multifamily properties in Elizabeth City, NC start at $275,000, averaging $1,270,942, and reaching up to $2,695,827 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 41K

Population Growth (5Y) +3.5%

Median Household Income $64,039

College Educated 12.0%

High-Yield Neighborhoods for Investment

Identify Elizabeth City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
27909	$1.3M

Taxes & Financing

Tax Rate (average for all types) 4.71%

Property Tax per SF $17.52 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pasquotank County

New Delisted

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