Pending
535 Merrimac Road
Edenton, NC 27932 · Chowan County
$335,000
Was $360,000
- Price Reduced
This home is under contract. Ask me about similar homes or backup offers.
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About This Home
Looking for a property with space and potential? This unique opportunity offers six bedrooms and three bathrooms with a flexible layout that could easily serve a variety of needs. While it's currently configured as it is today, it could also be converted back into a single-family home if that better fits your vision.
Looking for your next investment? This property has a proven solid rental history as short, medium and long term rental. The three units offer flexibility and opportunity for great cash flow.
Yes, it could use some TLC, but the hard part is already here. With generous square footage and endless possibilities, this property is a great opportunity for someone ready to add their own style and make it shine. Whether you're looking to create a spacious home or reimagine the space, the potential is easy to see
Don't miss the porches with great views! Enjoy year around perfect for dining, relaxing or entertaining
Price History
- Original list price$360,000
- Current list price$335,000Reduced by $25,000
Property Details
Location
Directions to this home (opens in a new tab)Drive from this home
- Hospital ERECU Health Chowan HospitalEdenton (directions from this home, opens in a new tab)
- GroceryFood LionEdenton (directions from this home, opens in a new tab)
- Walmart / TargetWalmart SupercenterElizabeth City (directions from this home, opens in a new tab)
- BeachVirginia Beach oceanfrontVirginia 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
Schools
Assignments as entered by the listing agent; confirm with the school district. Each school's results: NC School Report Cards.
Monthly Costs
$2,125/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
- $1,826
- Chowan County tax + Town of Edenton
- $201
- Homeowners insurance (estimate)
- $98
- PMI (under 20% down)
- $0
- Estimated monthly
- $2,125
Tax computed from the Chowan County rate and the Town of Edenton rate per $100 of value. Rate FY2026-27, not yet verified. 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
Active$338,000$160/sq ft3 bd·3 ba·2,106 sq ft·0.41 ac518 Coral Lane, Edenton, NC 27932Year Built: 1976
Active$345,000$228/sq ft3 bd·2 ba·1,512 sq ft·5.29 ac825 Yeopim Road, Edenton, NC 27932Year Built: 2006
Pending$345,000$130/sq ft3 bd·3 ba·2,648 sq ft·0.58 ac311 Country Club Drive, Edenton, NC 27932Year Built: 1988
MLS# 100585318 · HIVE MLS via SourceRE · Last updated: October 1, 2026 at 12:58 AM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.
