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
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