Pending
525 E 2nd Street
Washington, NC 27889 · Beaufort County
$279,900
Was $289,000
- Price Reduced
- Historic Built 1947
This home is under contract. Ask me about similar homes or backup offers.
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About This Home
**Income Producing Opportunity!! New Roof August 2026**
Welcome to a rare income-producing opportunity in historic downtown Washington, offering immediate cash-flow potential and multi-generational flexibility just blocks from the waterfront, local dining, and boutique shops. This single-level cottage-style property features two functional living units across a generous footprint on a large corner lot. The main residence offers a spacious three-bedroom, two-bathroom layout highlighted by original hardwood floors, a large main living area, a full kitchen, a covered carport, and private porch access, making it ideal for an owner-occupant or a full-sized rental. The secondary unit serves as a self-contained one-bedroom, one-bathroom suite complete with its own dedicated full kitchen, a cozy living room, and a bright sunroom, creating the perfect setup for a long-term tenant, short-term rental, or guest space. Whether you choose to live in the primary unit and let the secondary side offset your mortgage, or rent both sides to maximize your return in a growing coastal market, this versatile home combines classic charm, public utilities, and exceptional utility storage in an unbeatable location.
Price History
- Original list price$289,000
- Current list price$279,900Reduced by $9,100
Property Details
Location
Directions to this home (opens in a new tab)Drive from this home
- Hospital ERECU Health Beaufort HospitalWashington (directions from this home, opens in a new tab)
- GroceryFood LionWashington (directions from this home, opens in a new tab)
- Walmart / TargetWalmart SupercenterWashington (directions from this home, opens in a new tab)
- BeachAtlantic Beach / Crystal CoastAtlantic Beach (directions from this home, opens in a new tab)
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
Interior Features
Schools
Assignments as entered by the listing agent; confirm with the school district. Each school's results: NC School Report Cards.
Tax & Assessment
Monthly Costs
$1,819/mo estimated
Includes principal and interest, property tax and homeowners insurance, with 20% down at 7.24% for 30 years.
Adjust the numbers
- Principal and interest
- $1,526
- Tax bill per MLS (2025)
- $211
- Homeowners insurance (estimate)
- $82
- PMI (under 20% down)
- $0
- Estimated monthly
- $1,819
Tax is the bill the listing agent entered on the MLS; a sale can change the assessment. Flood insurance is not included; get a quote for this address. An estimate, not a loan offer.
Starts at 7.24%, the Freddie Mac PMMS 30-year fixed average for the week of Oct 29, 2026. An example, not a quote: enter your lender's rate.
Similar homes nearby
Pending$279,900$91/sq ft4 bd·1 ba·3,088 sq ft·0.28 ac609 E Main Street, Washington, NC 27889Year Built: 1900 · Historic District
Active$280,000$196/sq ft3 bd·2 ba·1,432 sq ft·0.39 ac56 Pirate Cove Road, Washington, NC 27889Year Built: 2005
Active$279,000$185/sq ft3 bd·2 ba·1,505 sq ft·0.57 ac124 Country Place, Washington, NC 27889Year Built: 1989
MLS# 100598197 · HIVE MLS via SourceRE · Last updated: October 27, 2026 at 12:35 PM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.
