Elizabeth City, NC Quadplexes for Sale: Buy Four-Unit Buildings Near You

Updated: Feb 4

Multi-Family Apartment Complex Portfolio

1005 Raleigh St, Elizabeth City, NC 27909

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21,500 sqft

High Cap Rate: Enjoy a 9% cap rate based on NOI at full occupancy.
Strong Income Potential: Net Operating Income (NOI) of $243,704.40 at full occupancy. Gross annual income of approximately $303,000 at current occupancy.
High Occupancy Rate: Currently 95.8% occupied with only one vacant unit.
Portfolio of 24 Units: Includes a mix of unit types across three properties.
Recent Capital Improvements: Significant upgrades completed since 2017.

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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Elizabeth City, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Quadruplex with Individually Metered Units

410 W 28th Street, Norfolk, VA 23508

$750,000

3,700 sqft

Four recently updated units with individual meters offer a straightforward residential income setup in Norfolk’s Park Place area.

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Four-Unit Quadplex with Patio

3702 Chase Road NW, Wilson, NC 27896

$375,000

3,862 sqft 0.40 AC lot

Wood-frame multifamily property with central air, forced-air heating, and an eat-in kitchen in each unit.

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Quadplex with Porch

407 Kenan Street W, Wilson, NC 27893

$55,000

2,634 sqft 0.23 AC lot

Quadplex in the Broad-Kenan Historic District zoned GR6, with a porch and off-street parking.

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Tenant-Occupied 4-Plex Investment

1314 Reservoir Ave, Norfolk, VA 23504

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Four 2-bedroom, 1-bath units are currently tenant-occupied as part of a larger portfolio sale.

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Elizabeth City, NC Quadplexes for Sale

1005 Raleigh St, Elizabeth City, NC 27909