**Income Producing Opportunity!! New Roof August 2026**
Welcome to a rare income-producing opportunity in historic downtown Washington, offering immediate cash-flow potential and multi-generational flexibility just blocks from the waterfront, local dining, and boutique shops. This single-level cottage-style property features two functional living units across a generous footprint on a large corner lot. The main residence offers a spacious three-bedroom, two-bathroom layout highlighted by original hardwood floors, a large main living area, a full kitchen, a covered carport, and private porch access, making it ideal for an owner-occupant or a full-sized rental. The secondary unit serves as a self-contained one-bedroom, one-bathroom suite complete with its own dedicated full kitchen, a cozy living room, and a bright sunroom, creating the perfect setup for a long-term tenant, short-term rental, or guest space. Whether you choose to live in the primary unit and let the secondary side offset your mortgage, or rent both sides to maximize your return in a growing coastal market, this versatile home combines classic charm, public utilities, and exceptional utility storage in an unbeatable location.
Under contract
$289,000
525 E 2nd Street #A&B, Washington, NC 27889
4beds
2,092sqft
Townhouse
Built in 1947
0.27 Acres Lot
$283,200 Zestimate®
$138/sqft
$-- HOA
What's special
Original hardwood floorsExceptional utility storageLarge corner lotSelf-contained one-bedroom one-bathroom suiteCovered carportSpacious three-bedroom two-bathroom layoutPrivate porch access
- 31 days
- 47
- 0
Zillow last checked:
Listing updated:
Listed by:
Amanda Fulford 336-512-1389,
eXp Realty
Source: Hive MLS,MLS#: 100598197
Originating MLS: Coastal Plains Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Master Bedroom, Bedroom 1, Bedroom 2, Bedroom 3, Living Room, Dining Room
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Oven, Gas Cooktop, Refrigerator, Dishwasher
Features
- Master Downstairs
- Flooring: Wood
- Has fireplace: No
Interior area
- Total structure area: 2,092
- Total interior livable area: 2,092 sqft
Property
Parking
- Total spaces: 2
- Parking features: Gravel, On Site, Attached Carport
- Carport spaces: 2
Features
- Levels: One
- Patio & porch: Porch, Screened
- Fencing: None
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 0.27 Acres
- Dimensions: 105 x 110 x 105 x 110
Details
- Parcel number: 42203
- Zoning: R6
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Asbestos, Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Washington
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $272,573
- Annual tax amount: $2,534
- Date on market: 8/22/2026
- Cumulative days on market: 31 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$283,200
$269,000 - $297,000
$2,276/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Contingent | $289,000$138/sqft |
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| 8/22/2026 | Listed for sale | $289,000-6.8%$138/sqft |
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| 7/1/2025 | Listing removed | $310,000$148/sqft |
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| 6/9/2025 | Price change | $310,000-6%$148/sqft |
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| 5/20/2025 | Price change | $329,900-8.1%$158/sqft |
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| 4/30/2025 | Price change | $359,000-0.3%$172/sqft |
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| 4/21/2025 | Listed for sale | $359,900$172/sqft |
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| 4/14/2025 | Pending sale | $359,900$172/sqft |
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| 4/2/2025 | Listed for sale | $359,900-34.6%$172/sqft |
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| 10/1/2022 | Listing removed | -- |
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| 5/26/2022 | Price change | $550,000+57.2%$263/sqft |
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| 5/7/2022 | Price change | $349,900-10.3%$167/sqft |
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| 5/5/2022 | Price change | $389,900-8.2%$186/sqft |
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| 4/21/2022 | Price change | $424,900-5.6%$203/sqft |
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| 4/8/2022 | Price change | $450,000-18.2%$215/sqft |
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| 4/1/2022 | Listed for sale | $550,000$263/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,535 +116.3% | $272,573 +180.2% |
| 2024 | $1,172 | $97,269 |
| 2023 | $1,172 +92.8% | $97,269 |
| 2022 | $608 | $97,269 |
| 2021 | -- | $97,269 |
| 2020 | $774 +1.3% | $97,269 |
| 2019 | $764 | $97,269 |
| 2018 | -- | $97,269 -8.8% |
| 2017 | -- | $106,599 |
| 2016 | -- | $106,599 |
| 2015 | -- | -- |
| 2014 | $724 | -- |
| 2013 | $724 | $106,599 |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 27889
Nearby schools
Schools provided by the listing agent
- Elementary: Eastern Elementary School
- Middle: P. S. Jones
- High: Washington High School
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







