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603 E Colonial Avenue 1

Elizabeth City, NC 27909 · Pasquotank County

$242,900

210 days on market · $234/sq ft

Was $250,000

  • 2 bd
  • 1 ba
  • 1,039 sq ft
  • built 1920
  • Price Reduced
  • Historic Built 1920

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

  1. Original list price$250,000
  2. Current list price$242,900Reduced by $7,100

Property Details

SubdivisionN/A
TypeCondominium
Living Area1,039 sq ft
Full Baths1
Lot Size0.000 acres
HOA Dues$2,556.64 / annually
Year Built1920
Total Rooms4
WaterfrontNo
Parcel891308992671

Location

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Drive from this home

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

FlooringTile, Wood, Hardwood
HeatingHeat Pump, Electric
CoolingCeiling Fan(s), Heat Pump
RoofMembrane
ConstructionBrick, Wood Frame
AppliancesElectric Oven, Electric Cooktop, Washer, Refrigerator, Range, Dryer
ParkingDetached, Garage

Interior Features

Vaulted Ceiling(s)High CeilingsCeiling Fan(s)Blinds/Shades

Schools

ElementarySheep-Harney Elementary
MiddleRiver Road Middle School
High SchoolECP Early College High School

Assignments as entered by the listing agent; confirm with the school district. Each school's results: NC School Report Cards.

Tax & Assessment

Assessed Value$154,500

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
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.

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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.

Listing Details