$1,895,000
500 Arendell Street
Morehead City, NC 28557
MLS# 100612016
4896 sqft
Main
  1 / 81  
Main Front 500 Arendell St Aerial and Rooftop Residence Entrance Residence Residence Residence Kitchen Residence Kitchen Residence Residence Residence Living and Bar Residence Kitchen Residence Kitchen City House Residence Wet Bar Residence Primary Bedroom Residence Primary Bedroom Residence Primary Bathroom Residence Primary Bathroom Residence Loft Bedroom Residence Loft Bedroom Residence Sitting Room Residence Hall Bathroom Residence Hall Bahtroom Rooftop Access Rooftop Residence Laundry Room Residence Entrace and Garage Access Loft Entrance Loft Loft Loft Kitchen Loft Loft Kitchen Loft Loft Bathroom Vanity Loft Bedroom Loft Bedroom Loft Bathroom Front and Flat Entrance Flat Living Room Flat Living Room Flat Kitchen Flat Kitchen Flat Bedroom 1 Flat Bedroom 1 Flat Full Bathroom Flat Bathroom Flat Bedroom 2 Flat Bedroom 2 Flat Bedroom 2 Flat Powder Room Chamber Chamber Kitchen Chamber Kitchen Chamber Chamber Bedroom Chamber Bedroom Garage Chamber Bathroom Garage East side Aerial Aerial Aerial Aerial Aerial Aerial Aerial Waterfront Waterfront Waterfront Aerial Morehead City views Rooftop Rooftop Hot tub Garages Rooftop Rooftop Rooftop

Property 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. Established Bed & Breakfast is ready for investor to step in at any time with this prime downtown Morehead City 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 offers one spacious bedroom suite with full size kitchen and large living room that has 9'+ ceilings. THE CHAMBER offers a more cozy setting with one bedroom suite and more compact kitchen. Be sure to see photos to appreciate the attention to detail throughout. All units can be connected to create one large residence if desired, units are currently closed off for privacy. Ask agent for current website to see current marketing for existing bed and breakfast. This location is tough to beat and truly is a "turn key investment"!!!

Details
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
Geo Lat: 34.721252
Geo Lon: -76.708492
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2026-10-21
Sub-Type: Multi Family
Garage: Private
Sale/Lease: Sale
Listing Price: 1895000
Current Price: $1,895,000
List Price/SqFt: 387.05
Stipulation of Sale: Standard
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
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
Auction
Real Estate Only: No
RE & Personal Prop: Yes
Unit 1 Details
Unit #: 1
# Bedrooms: 2
# Full Baths: 1
# Half Baths: 1
Unit 2 Details
Unit #: 2
# Bedrooms: 2
# Full Baths: 2
Unit 3 Details
Unit #: 3
# Bedrooms: 1
# Full Baths: 1
Unit 4 Details
Unit #: 4
# Bedrooms: 1
# Full Baths: 1
BuildingExt Features
SqFt - Heated (Primary): 4896
Property Features
Business Type: Bed & Breakfast; Hotel/Motel
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 - 22 - 2026

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