Back of home - 616 Cardwell Street, Elizabeth City, NC 27909, Elizabeth City
1 photo

$124,900

616 Cardwell Street, Elizabeth City, NC 27909
Elizabeth City, NC 27909
Listed by Heidi Hanreck · Iron Valley Real Estate Elizabeth City
Bedrooms
2
Bathrooms
2
Living area
893 sqft
Year built
1958

About this home

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!

Property details

MLS #
100601862
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
31
On market date
September 7, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
P W Moore Elementary
0.48 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
373
Student:teacher ratio
13.8:1
District
Elizabeth City-Pasquotank Public Schools
Middle
Elizabeth City Middle
5.6 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
555
Student:teacher ratio
15.4:1
District
Elizabeth City-Pasquotank Public Schools
High
Pasquotank County High
5.49 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
601
Student:teacher ratio
14.0:1
District
Elizabeth City-Pasquotank Public Schools

Walkability

Blended score for Elizabeth City's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

56
Somewhat walkable
out of 100
EPA National Walkability Index
11.2 / 20 -- Above average walkable

Mortgage calculator

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Est. monthly payment
$902/mo
$24,980 down
$99,920 loan
Principal & interest$648
Property tax (est.)$104
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated September 7, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.