202 Madison Street, Plymouth, NC 27962 (MLS# 100503266)

202 Madison Street, Plymouth, NC 27962

$138,500
Property Type: Multi-Family Bedrooms: 3 Baths: 2 Square Footage: 2,169 Lot Size (sq. ft.): 988 Status: Active
Current Price: $138,500 List Date: 4/24/2025 Last Modified: 7/11/2025

Description

Endless possibilities await at 202 Madison Street in the heart of historic Plymouth! This classic two-story duplex now offers one VACANT income unit plus an owner-occupied upstairs retreat, giving buyers three flexible strategies: 1️⃣ Invest & Collect - Lease the move-in-ready first-floor flat for immediate cash flow while you plan future improvements. Separate entrances and utilities make management simple. When the seller vacates upstairs at closing, you'll control both units for maximum rental revenue. 2️⃣ House-Hack - Keep the cozy upper unit for yourself once the seller moves, and let the downstairs tenant cover a large share of the mortgage. Build equity while living steps from the scenic Roanoke River. 3️⃣ Grand Conversion - Merge both units into a spacious 4-bed / 2-bath single-family residence. Consult with a contractor and consider removing the upper kitchen, opening a central hallway, and unifying systems; recent 4-bed comps in Plymouth average in the mid-$200s—instant equity potential! Original hardwood floors, while generous room sizes invite modern re-imagining. The lot offers off-street parking plus yard space for pets, play, or future outdoor entertaining. Lifestyle perks: Stroll three blocks to the Roanoke River boardwalk for sunsets, kayaking, and the annual NC Black Bear Festival fireworks. Golfers will love being minutes from The Pines at Plymouth Golf Course, and Plymouth High School sits under five minutes away. Elizabeth City, Greenville, and OBX beaches are an easy drive via nearby US-64/US-17. Whether you're chasing steady rental income, a live-in ''mortgage helper,'' or a value-add flip, 202 Madison Street unlocks them all—choose your adventure and watch your ROI grow. Schedule a private tour today and picture the future you'll create at this endlessly adaptable address!

More Information MLS# 100503266

Contract Info

Status: Active Delayed Marketing?: No Marketing Start Date: 2025-04-24 Sub-Type: Duplex Listing Price: 138500 Current Price: $138,500 List Price/SqFt: 63.85 Stipulation of Sale: Standard

Location Information

Street #: 202 Street Name: Madison Street Suffix: Street County: Washington State/Province: NC Zip Code: 27962 City Limits: No Marketing City: Plymouth Subdivision: Not In Subdivision Secondary Subdivision: N/A Geo Lat: 35.866658 Geo Lon: -76.746949

Remarks and Showing

Directions to Property: From US-64 E to Madison St in Plymouth 24 min (20.2 mi) Continue onto US-64 E  19.5 mi Turn left onto Washington St  0.5 mi Turn right onto 3rd St  0.2 mi Turn left onto Madison St  Destination will be on the right Sign on Property: Yes

Building Info

New Construction: No

Property ExteriorInterior Info

# Bedrooms: 3 SqFt - Heated (Primary): 2169

Legal and Taxes

Tax Assessed Value: 56800 Deed Book: 550 Deed Page: 676 Legal: 25A3-8-88-2 202 Madison St. Plymouth, NC Broker Owner: No PID: 6767.07-77-4976 Tax Identifier: 6767.07-77-4976 Plat Book: 201 Plat Page: 196 Total Real Estate Property Taxes: 482.8 Special Assessments: None Tax Year: 2022 Year Built: 1901 Zoning: R HOA: No Cobra Zone: No Elementary School: Pines Elementary Middle School: Washington High School: Washington

Property Features

Handicap Accessible: None Attic: Scuttle Basement: None Construction: Wood Frame Exterior Finish: Metal Siding Fencing: None Foundation: Crawl Space Fuel Tank: None Green Bldg Certify: None Green Bldg Features: None Parking Features: On Site; Unpaved Patio and Porch Features: Covered; Porch Roof: Architectural Shingle Cooling: Central Air; Wall/Window Unit(s) Heating: Forced Air Heating System Fuel Source: Electric Water Heater: Electric Utilities: Sewer Available; Sewer Connected; Water Connected Sewer: Municipal Sewer Fireplace: 1 Flooring: Tile; Vinyl; Wood Interior Features: 2nd Kitchen; Ceiling Fan(s); Walk-in Shower; Wash/Dry Connect Laundry Location: In Kitchen; Laundry Closet Dining Room Type: Combination HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Listing Office: Key Realty Solutions
Last Updated: July - 11 - 2025
202 Madison Street, Plymouth, NC 27962- MLS# 100503266
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