500 Arendell Street, Morehead City, NC 28557

New Listing

$1,895,000

Virtual Tour

https://my.matterport.com/show/?m=hgCNm9osc41&play=1&brand=0&mls=1&

Property Type: Comm Sale or Lease Square Footage: 4,896 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $1,895,000 List Date: 10/22/2026 Last Modified: 10/26/2026

Overview

Description

The Historic City House was originally constructed as the Tidewater Power Company in 1920 and was often referred to as the Old Well House. So much charm and beauty through this beautifully renovated building, yet still maintaining so much of the original vintage charm. Downtown Morehead City's newest Airbnb just launched this summer is established and ready for investor to step in at any time with this prime location right by the Waterfront. With 4 beautifully furnished units, there are so many possibilities! THE FLAT is the first level and front entry unit and offers 2 bedrooms, 1.5 baths, full kitchen, and a spacious living area. THE RESIDENCE is the largest unit with 2 large bedrooms, 2 full bathrooms, tons of living space, 12'+ ceilings, laundry room, oversized gourmet Kitchen, and rooftop access. The rooftop has a hot tub, and large space for entertaining with views galore of downtown Morehead City Waterfront, Bogue Sound, Sugarloaf Island, Calico Creek, ICW, and more. THE LOFT of ... (Read more)

Listing Details MLS# 100612016

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2026-10-21
Sub-Type: Multi Family
Garage: Private
Sale/Lease: Sale
Listing Price: 1895000
List Price/SqFt: 387.05
Stipulation of Sale: Standard

Location Information

Street #: 500
Street Name: Arendell
Street Suffix: Street
County: Carteret
State/Province: NC
Zip Code: 28557
City Limits: Yes
Marketing City: Morehead City
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Property is in heart of downtown on corner of Arendell St (Hwy 70) and North 5th St
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 4896

Legal and Taxes

Tax Assessed Value: 1027988
Deed Book: 1896
Deed Page: 94
Legal: L1 2 B6 MOREHEAD CITY 0.0810 AC
Broker Owner: No
PID: 638620814325000
Tax Identifier: 638620814325000
Tax Year: 2026
Year Built: 1920
Zoning: DB
HOA: No
Cobra Zone: No

More Information

Auction

Real Estate Only: No
RE & Personal Prop: Yes

Unit 1 Details

Unit #: Yes
# Bedrooms: 2
# Full Baths: Yes
# Half Baths: Yes

Unit 2 Details

Unit #: 2
# Bedrooms: 2
# Full Baths: 2

Unit 3 Details

Unit #: 3
# Bedrooms: Yes
# Full Baths: Yes

Unit 4 Details

Unit #: 4
# Bedrooms: Yes
# Full Baths: Yes

Property Features

Business Type: Bed & Breakfast; Hotel/Motel Showing Instructions: Gate/Access Code View Type: ICW View; Marina; Sound View; Water Construction: Block; Concrete; Wood Frame Exterior Finish: Block; Stucco; Wood Siding Structure Type: Multi Family; See Remarks Flooring: Tile; Wood Foundation: Block; Slab Patio and Porch Features: Balcony; Courtyard Security Features: Cameras Included; Security System Parking Features: Garage; Garage Door Opener; Garage Faces Side; Street Only Roof: Flat; Membrane Lot Description: Corner Lot Current Use: Hotel/Motel; Residential; See Remarks Possible Use: Hotel/Motel; Multi-Family; Residential; Showroom; Single Family Location: Cent Business District; Corner; Gen Bus District; Residential Cooling: Central Air; Heat Pump Fireplace Features: Family Room; Gas Log; Great Room Heating: Heat Pump Heating System Fuel Source: Electric Utilities: Cable High Speed; Electricity Available; Electricity Connected; Fiber Optic; High Speed Internet; Natural Gas Available; Sewer Available; Underground Utilities Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional Unit 1 Inclusions: Dishwasher; Microwave; Range; Refrigerator Unit 2 Inclusions: Dishwasher; Electric Dryer Hookup; Fireplace(s); Microwave; Range; Refrigerator; Washer Hookup Unit 3 Inclusions: Dishwasher; Microwave; Range; Refrigerator Unit 4 Inclusions: Dishwasher; Microwave; Refrigerator; Other

IDX

Listing Office: RE/MAX Ocean Properties

Last Updated: October - 26 - 2026

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