Welcome to 700 2nd Avenue, a well-maintained duplex offering an exceptional investment opportunity in the heart of New Bern. Each unit features 4 spacious bedrooms and 2 full bathrooms, providing ample living space and strong rental appeal. One unit is currently tenant-occupied, offering immediate income potential for investors. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property is a versatile and valuable find. Recent updates include durable LVP flooring throughout and other modern touches that enhance both comfort and functionality. With its close proximity to historic downtown New Bern, tenants enjoy easy access to local shops, dining, waterfront parks, and cultural attractions.
Five Points, located between Downtown New Bern and the Trent River waterfront, is a historic and residential New Bern neighborhood with a walkable street grid and porch-lined streets. Character concentrates at the Five Points junction where Broad Street meets nearby neighborhood streets, with corner storefronts, local eateries, and a steady hum of foot traffic. Early-20th-century bungalows and cottage-style homes mix with small apartment buildings, giving the blocks a layered, lived-in look. The nearby New Bern Civic Theatre and Tryon Palace anchor the cultural calendar, while Union Point Park frames river views and open lawns. Sidewalks and short blocks support errands by foot and bike, and the setting stays closely tied to the downtown waterfront.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fans
Bedrooms
Multiple 4-bedroom units (each unit described as '4 Bedroom Or More')
Heating & cooling
Wall/window air conditioning units
Wall furnaces (electric)
Exterior features
Partial fencing
Metal roof
Home design
Duplex residential income property
Two-story building
Parking
Off-street parking
Construction
Block construction
Block foundation
Built with metal roofing
Financial info
Multiple rentable units with reported actual rent around $1,550 per unit
Electricity and solar
View estimated energy costs and solar savings for this home
The R-6 residential district is designed to accommodate single-, two-, and multifamily dwellings with 6000 square feet minimum lots for one dwelling unit and 2000 square feet required for each additional unit. Mobile homes and mobile home parks are also permitted and shall be subject to the standards described in sections 15-164 and 15-165. For the R-6 residential district, in promoting the general purposes of this ordinance, the specific intent of this district is: To encourage continued use of the land for residential purposes and certain compatible nonresidential uses.; To prohibit commercial and industrial use of the land; to prohibit any other use which would substantially interfere with the development or continuation of residential structures in the district.; To encourage the discontinuance of existing uses that would not be permitted as new uses in the district.; To discourage any use which because of its character or size would generate traffic or require municipal services substantially in excess of traffic and services that would exist if the district were developed solely for residential uses.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 107° expected this year, 18 days in 30 years
8/10 Wind Factor
98% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
New Bern, NC • 28560
Average low and high temperatures (°F)
51
31
57
37
71
47
78
55
81
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90
75
85
71
81
67
73
55
67
46
57
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 700 2nd Ave
$234,633
$15K under list price of $250K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $272K to $399K.