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    Elizabeth City, NC
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    Elizabeth City, NC Multifamily Properties for Sale

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    Found 7 multifamily properties for sale in Elizabeth City, NC, averaging $163/sq ft. Use valuation data to compare deals faster.
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    Downtown Mixed-Use Property
    Updated: Jun 1
    Downtown Mixed-Use Property

    104 W Main Street, Elizabeth City, NC 27909

    $599,000
    3,466 sqft 0.16 AC lot
    3,466‑square‑foot mixed‑use property on 0.16 acres
    Main‑level restaurant includes seating for 48 guests
    Second floor currently operates as short‑term rental accommodation
    Third floor offers additional living or development space
    City CB zoning in downtown Elizabeth City
    View details
    Mixed-Use Property with Apartments
    Updated: Feb 16
    Mixed-Use Property with Apartments

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

    $735,000
    3,393 sqft 0.06 AC lot
    Three 1‑bedroom, 1‑bathroom apartments measuring 612 sf, 692 sf, and 742 sf
    1,213‑sf ground‑floor commercial suite with open retail area, small office, and restroom
    Three‑year commercial lease expires June 30, 2029
    Recorded condominium structure allows units to be sold individually
    CB zoning
    View details
    Multifamily Conversion Opportunity
    Multifamily Conversion Opportunity

    305 S Road Street, Elizabeth City, NC 27909

    $850,000
    0.29 AC lot

    Partially completed residential conversion with one- and two-bedroom layouts, private entrances, and designated parking.

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    Well-Maintained Apartment Complex
    Well-Maintained Apartment Complex

    1005 Raleigh St, Elizabeth City, NC 27909

    $2,695,827
    21,500 sqft

    Twenty-four-unit multifamily portfolio with updated building systems, varied apartment layouts, and strong current occupancy.

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    Multifamily Apartment Complex
    Multifamily Apartment Complex

    1005 Raleigh Street, Elizabeth City, NC 27909

    $2,695,827
    21,500 sqft 2.86 AC lot

    Well-maintained apartment portfolio with updated building systems, varied floor plans, and strong occupancy.

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    Mixed-Use Property with Restaurant
    Mixed-Use Property with Restaurant

    104 W Main St, Elizabeth City, NC 27909

    $599,000
    3,466 sqft

    Main-level restaurant space is paired with residential accommodations and a third-floor area for additional use.

    View details
    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    305 S Road St, Elizabeth City, NC 27909

    $850,000

    Commercial building with CB zoning and a 1960 construction date.

    View details
    Based on your search, we've compiled 54 Potential Opportunities for your consideration. Besides 7 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 2 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.

    12-Unit Apartment Complex
    12-Unit Apartment Complex

    123 Brayhall Road, Edenton, NC 27932

    $1,950,000
    9,000 sqft 1.82 AC lot

    Three residential buildings offer a mix of one- and two-bedroom apartments with individual electric meters.

    View details
    Renovated Furnished Triplex
    Renovated Furnished Triplex

    207 S Oakum St, Edenton, NC 27932

    $545,000
    2,700 sqft

    Each residence includes private outdoor space, laundry, and furnishings for flexible rental operations.

    View details
    Waterfront Land with Private Dock
    Waterfront Land with Private Dock

    3665 Sandpiper Road, Virginia Beach, VA 23456

    $389,000

    Gated resort parcel with short-term rental approval, water views, and furnished recreational improvements.

    View details
    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.

    View details

    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 with RMH-15 Zoning
    Waterfront Land with RMH-15 Zoning

    Driftwood Drive lot: 0, Elizabeth City, NC 27909

    $550,000
    53.50 AC lot

    Waterfront acreage with RMH-15 zoning and public water available.

    View details
    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.

    View details

    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.

    3 Walker Ave
    GARDEN APT, COURT APT (5+ UNITS)

    3 Walker Ave, Elizabeth City, NC 27909

    Estimated value:
    $14,700,000
    11.90 AC lot
    View details
    Roanoke Ave
    GARDEN APT, COURT APT (5+ UNITS)

    Roanoke Ave, Elizabeth City, NC 27909

    Estimated value:
    $14,700,000
    3.56 AC lot
    View details
    1202 Carolina Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1202 Carolina Ave, Elizabeth City, NC 27909-5419

    Estimated value:
    $370,000
    0.25 AC lot
    View details
    305 Church St
    GARDEN APT, COURT APT (5+ UNITS)

    305 Church St, Elizabeth City, NC 27909-4849

    Estimated value:
    $165,000
    0.46 AC lot
    View details
    1129 Horseshoe Rd
    BOARDING/ROOMING HOUSE

    1129 Horseshoe Rd, Elizabeth City, NC 27909-8507

    Estimated value:
    $485,000
    1.03 AC lot
    View details
    Walker Ave
    GARDEN APT, COURT APT (5+ UNITS)

    Walker Ave, Elizabeth City, NC 27909

    Estimated value:
    $5,675,000
    3.44 AC lot
    View details
    Walker St
    GARDEN APT, COURT APT (5+ UNITS)

    Walker St, Elizabeth City, NC 27909

    Estimated value: by Request
    6.56 AC lot
    View details
    110 Mcmorrine St
    HIGH-RISE APARTMENTS

    110 Mcmorrine St, Elizabeth City, NC 27909-4436

    Estimated value:
    $3,575,000
    0.44 AC lot
    View details
    311 Church St
    BOARDING/ROOMING HOUSE

    311 Church St, Elizabeth City, NC 27909-4719

    Estimated value:
    $555,000
    4,504 sqft 0.58 AC lot
    View details
    1221 Riverside Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1221 Riverside Ave, Elizabeth City, NC 27909

    Estimated value:
    $2,110,000
    2.35 AC lot
    View details
    1206 Parkview Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1206 Parkview Dr, Elizabeth City, NC 27909-6068

    Estimated value:
    $685,000
    1.73 AC lot
    View details
    Russell Ln
    GARDEN APT, COURT APT (5+ UNITS)

    Russell Ln, Elizabeth City, NC 27909

    Estimated value:
    $1,400,000
    9.75 AC lot
    View details
    108 Fearing St
    BOARDING/ROOMING HOUSE

    108 Fearing St, Elizabeth City, NC 27909-4814

    Estimated value:
    $295,000
    2,537 sqft 0.18 AC lot
    View details
    1499 Hoffler St
    GARDEN APT, COURT APT (5+ UNITS)

    1499 Hoffler St, Elizabeth City, NC 27909-4932

    Estimated value:
    $515,000
    1.20 AC lot
    View details
    280 Carver St
    GARDEN APT, COURT APT (5+ UNITS)

    280 Carver St, Elizabeth City, NC 27909

    Estimated value:
    $260,000
    0.74 AC lot
    View details
    111 Cameron Dr
    GARDEN APT, COURT APT (5+ UNITS)

    111 Cameron Dr, Elizabeth City, NC 27909-8912

    Estimated value:
    $1,275,000
    4.99 AC lot
    View details
    Mcmorrine St
    GARDEN APT, COURT APT (5+ UNITS)

    Mcmorrine St, Elizabeth City, NC 27909

    Estimated value:
    $420,000
    0.12 AC lot
    View details

    Elizabeth City, NC Multifamily Properties Market Trends and Statistics

    Explore 48 multifamily properties for sale in Elizabeth City, NC, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 53,325 square feet of properties for sale, with an estimated market value of $9,024,654.

    Sale prices for multifamily properties in Elizabeth City, NC start at $599,000, averaging $1,289,236, 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

    Apartment buildings 2
    Quadplexes 2
    Short term rental properties 2
    Duplexes 1
    Triplexes 1

    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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