Quadplex

Elizabeth City, NC Quadplexes for Sale

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Camden, NC South Mills, NC Hertford, NC
Multi-Family Apartment Complex Portfolio
Updated: Feb 4
Multi-Family Apartment Complex Portfolio

1005 Raleigh St, Elizabeth City, NC 27909

$2,695,827
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
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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Waterfront Quad Multifamily Investment Opportunity
Waterfront Quad Multifamily Investment Opportunity

765 48th Street, Norfolk, VA 23508

$1,600,000
3,810 sqft

Unique waterfront quad with dock, ideal for investors/owner-occupants.

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Rocky Mount Quadruplex: Investor Special
Rocky Mount Quadruplex: Investor Special

2004 S Church Street, Rocky Mount, NC 27803

$145,000
3,968 sqft · 0.30 AC lot

Four-unit property in Rocky Mount with significant upside potential.

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Rocky Mount Multifamily Investment Package
Rocky Mount Multifamily Investment Package

642 Cleveland Street, Rocky Mount, NC 27803

$260,000
2,280 sqft · 0.24 AC lot

Two adjacent duplexes offered as a single investment package.

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Elizabeth City, NC Quadplexes Market Trends and Statistics

Explore 1 quadplexes for sale in Elizabeth City, NC on our real estate platform. These investment opportunities span a total of 21,500 square feet of properties for sale, with an estimated market value of $2,695,827.

Sale prices for four-unit buildings in Elizabeth City, NC start at $2,695,827, averaging $2,695,827, 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 4
Duplexes 3
Quadplexes 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 $2.7M

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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