Looking for an affordable home with income-producing potential? This charming 2-bedroom, 2-full-bathroom property offers a fantastic opportunity for both investors and first-time home buyers.
Featuring a newer roof and HVAC, this home has already proven its income potential. It has previously been used as a full-time rental generating $1,485 per month, and has also been utilized as an Airbnb, bringing in approximately $200 per month. Home is being sold mostly furnished with items see in photos. Move in and rental ready to go! Great location, centrally located close to shopping and historic downtown waterfront.
Whether you're looking to build your investment portfolio, generate rental income, or purchase your first home, this property offers flexibility and opportunity. With two bedrooms, two full bathrooms, and important major updates already in place, this one is definitely worth a look!
Affordable, versatile, and income-producing -- don't miss this opportunity!
For sale
$124,900
616 Cardwell Street, Elizabeth City, NC 27909
2beds
893sqft
Single Family Residence
Built in 1958
5,227 Square Feet Lot
$120,000 Zestimate®
$140/sqft
$-- HOA
What's special
- 30 days
- 1,052
- 80
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Heidi Hanreck 305-610-9441,
Iron Valley Real Estate Elizabeth City
Source: Hive MLS,MLS#: 100601862
Originating MLS: Albemarle Area Association of REALTORS
Originating MLS: Albemarle Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room, Dining Room, Bedroom 1, Bedroom 2
Heating
- Heat Pump, Electric
Cooling
- Heat Pump
Appliances
- Included: Electric Oven, Washer, Refrigerator, Range, Dryer
Features
- Furnished
- Basement: None
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 893
- Total interior livable area: 893 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Patio & porch: None
- Fencing: None
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 5,227 Square Feet
- Dimensions: 50 x 100 x 49 x 100
Details
- Parcel number: 891310461267
- Zoning: EC
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: County Water
- Utilities for property: Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Elizabeth City
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $52,800
- Annual tax amount: $818
- Date on market: 9/7/2026
- Cumulative days on market: 30 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: 12 Months
Estimated market value
$120,000
$114,000 - $126,000
$1,507/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Listed for sale | $124,900-6.1%$140/sqft |
Source:  Hive MLS #100601862 Report a problem | ||
| 10/23/2025 | Listing removed | $133,000$149/sqft |
Source: Hive MLS #100516044 Report a problem | ||
| 9/17/2025 | Price change | $133,000-3.6%$149/sqft |
Source: Hive MLS #100516044 Report a problem | ||
| 8/11/2025 | Price change | $138,000-3.5%$155/sqft |
Source: Hive MLS #100516044 Report a problem | ||
| 7/29/2025 | Price change | $143,000-3.4%$160/sqft |
Source: Hive MLS #100516044 Report a problem | ||
| 6/26/2025 | Listed for sale | $148,000+67.9%$166/sqft |
Source: Hive MLS #100516044 Report a problem | ||
| 9/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/6/2023 | Listed for rent | $1,650$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/26/2023 | Sold | $88,165-0.9%$99/sqft |
Source: Hive MLS #100385647 Report a problem | ||
| 5/26/2023 | Pending sale | $89,000$100/sqft |
Source: Hive MLS #100385647 Report a problem | ||
| 5/21/2023 | Listed for sale | $89,000+150.7%$100/sqft |
Source: Hive MLS #100385647 Report a problem | ||
| 3/25/2019 | Sold | $35,500-10.1%$40/sqft |
Source: Hive MLS #891998 Report a problem | ||
| 9/24/2018 | Price change | $39,500-11.2%$44/sqft |
Source: CENTURY 21 Nachman Realty #91998 Report a problem | ||
| 8/27/2018 | Price change | $44,500-10.1%$50/sqft |
Source: CENTURY 21 Nachman Realty #91998 Report a problem | ||
| 8/11/2018 | Listed for sale | $49,500$55/sqft |
Source: CENTURY 21 Nachman #91998 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $867 +5.9% | $52,800 |
| 2024 | $819 +14.2% | $52,800 |
| 2023 | $717 | $52,800 +18.9% |
| 2022 | $717 +17.5% | $44,400 +55.8% |
| 2021 | $610 -43% | $28,500 |
| 2020 | $1,071 | $28,500 |
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: 27909
Nearby schools
Schools provided by the listing agent
- Elementary: P.W. Moore Elementary
- Middle: Elizabeth City Middle School
- High: Pasquotank County 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.
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