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603 E Colonial Avenue 1
Elizabeth City, NC 27909 · Pasquotank County
$242,900
Was $250,000
- Price Reduced
- Historic Built 1920
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About This Home
Downtown living or income producing Air BNB property! This historical corner building now houses a beautiful designed 2 bedroom / 1 bath condo known as 1920 Condominiums. Experience urban living at its finest in this beautifully restored property featuring originial wood floors, exposed brick walls, abundant natural light from large windows throughout. In 2020 the bath was renovated and kitchen subway tiles were installed. Just one block from the waterfront, enjoy the convenience of shopping, dining, and a vibrant social scene right outside your door. Covered parking space is included. Currently income-producing with a strong rental history and high cap rate. HVAC 2017, Water Heater 2018, Dishwasher and Refrigerator 2020. HOA installed a new roof approx 2013. Property may be purchased fully furnished or continue as an AirBNB, either way it's a turn key opportunity! . No flood insurance required.
Price History
- Original list price$250,000
- Current list price$242,900Reduced by $7,100
Property Details
Location
Directions to this home (opens in a new tab)Drive from this home
- Hospital ERSentara Albemarle Medical CenterElizabeth City (directions from this home, opens in a new tab)
- GroceryFood Lion (Towne Square)Elizabeth City (directions from this home, opens in a new tab)
- Walmart / TargetWalmart SupercenterElizabeth City (directions from this home, opens in a new tab)
- BeachVirginia Beach oceanfrontVirginia Beach (directions from this home, opens in a new tab)
Destinations verified Nov 1, 2026. Directions open in your maps app.
Coastal county Building, additions and shoreline work here can need a CAMA permit and setbacks. Check the flood zone, an elevation certificate and an insurance quote before you make an offer. CAMA permits, from the NC Division of Coastal Management →
Interior & Exterior
Interior Features
Schools
Assignments as entered by the listing agent; confirm with the school district. Each school's results: NC School Report Cards.
Tax & Assessment
Monthly Costs
$1,799/mo estimated
Includes principal and interest, property tax, homeowners insurance and HOA dues, with 20% down at 6.75% for 30 years.
Adjust the numbers
- Principal and interest
- $1,260
- Pasquotank County tax + City of Elizabeth City
- $255
- Homeowners insurance (estimate)
- $71
- PMI (under 20% down)
- $0
- HOA dues
- $213
- Estimated monthly
- $1,799
Tax computed from the Pasquotank County rate and the City of Elizabeth City rate per $100 of value. Rate FY2026-27, verified Aug 9, 2026. Flood insurance is not included; get a quote for this address. An estimate, not a loan offer.
Similar homes nearby
Pending$242,700$173/sq ft3 bd·1 ba·1,402 sq ft·35.40 ac1284 Millpond Road, Elizabeth City, NC 27909Year Built: 1969
Active$244,500$136/sq ft3 bd·3 ba·1,796 sq ft·0.02 ac405 Osprey Cove, Elizabeth City, NC 27909Year Built: 2006
Active$245,000$177/sq ft3 bd·1 ba·1,384 sq ft·0.33 ac316 Culpepper Street S, Elizabeth City, NC 27909Year Built: 1964
MLS# 100565787 · HIVE MLS via SourceRE · Last updated: October 2, 2026 at 2:27 AM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.
