Come and see this beautifully renovated 2-Family home in the heart of Elizabeth City downtown, offering modern finishes, spacious layout and double decks in the rear of the house. Everything in this house is new and perfect for investors or owner occupants looking to generate rental income. This spacious multifamily home features 8 bedrooms, 5 full bathrooms and laundry spaces for tenants in the basement. Inside you will find open concept living/dinning/kitchen, spacious bedrooms, plenty of closets and new hardwood floors throughout.
Multi-familyProperty Type
0.26 acresLot Size
$48Price/Sq.Ft.
7 spacesParking
Listed by LINUS C. KORIEOCHA• W. CHERY REAL ESTATE, INC.
Keighry Head, located between the Elizabeth River waterfront and the Midtown/Uptown core, is a residential and industrial Elizabeth neighborhood with working piers and low-rise blocks. The neighborhood’s character concentrates around the Port Newark–Elizabeth Marine Terminal gates along Kapkowski Road, where container yards, truck traffic, and harbor infrastructure set the daily rhythm. Building stock leans utilitarian—warehouses, logistics facilities, and older service buildings—punctuated by small pockets of housing on quieter side streets. The landscape reads flat and coastal, with broad roadways and long sightlines toward cranes and stacks. Transit and driving patterns orbit the Turnpike and port approaches, shaping a practical, on-the-move feel.
Provided by Walk Score and Local Logic
Market insights
464 Walnut St · $959,000
DAYS ON MARKET
187 days
The average home goes pending in 35 days.
SALE-TO-LIST
103.6%
Most homes are selling 4% above list price.
LIST PRICE
$959,000
Median list price in this area is $787,500. (18% lower than this home)
PRICE DROP
0 price drops
10% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Carbon monoxide detector
Smoke detector
Walk-in closet
Wood floors
Finished full basement with slab
Bedrooms
Unit 1: 3 bedrooms
Unit 2: 5 bedrooms
Bathrooms
5 full bathrooms total
Unit 1: 2 bathrooms
Unit 2: 3 bathrooms
Kitchen
Dishwasher (Unit 1)
Range/oven - Gas (Units 1 & 2)
Microwave oven (Units 1 & 2)
Refrigerator (Unit 1)
Kitchen exhaust fan (Units 1 & 2)
Laundry & utility
Utility room (both units)
Flooring
Wood floors
Heating & cooling
Forced hot air heating (3 units)
Natural gas heating
Central air conditioning (3 units)
Exterior features
Deck
Partially fenced yard
Sidewalk
Home design
Three-story building
Renovated in 2024
Level lot
Parking
7 parking spaces
Off-street parking
Dirt and gravel driveway, 1-car width
Construction
Vinyl siding
Asphalt/composition shingle roof
Approximate year built
Utilities
Natural gas service
Public water
Public sewer
Financial info
2-unit property
Gross operating income: $90,000
Net operating income: $65,000
Total operating expenses: $25,000
Expenses include electric, gas, heat, and taxes
Owner pays water; tenants pay electric, gas, and heat (both units)
Electricity and solar
View estimated energy costs and solar savings for this home