Some addresses carry weight before you ever open the door. 411 George Street is one of them. A stately multi-unit property in the heart of New Bern's Historic District performing at an impressive cap rate, with twelve months of verified rental records and professional management in place for a seamless investor transition. The property earned over $67,000 in income in 2025.
Unit 1, the main house, is the kind of property that stops buyers in their tracks. A stained wood entry door with frosted glass opens into a foyer anchored by a sweeping curved staircase with dark-stained treads and white turned spindles create craftsmanship that cannot be replicated at any price today. The living room features an original brick fireplace with built-in flanking bookcases, parquet-inlay hardwood floors, and tall ceilings trimmed in original crown molding. The dining room connects to a fully updated kitchen with stainless gas range, dishwasher, and refrigerator, granite countertops, white raised-panel cabinetry, subway tile backsplash, and pendant lighting. A dedicated laundry room with full-size washer and dryer adds practical value. Three generously proportioned bedrooms upstairs continue the original hardwood floors throughout, and a remarkable unfinished third-floor attic with exposed timber framing and original wide-plank pine holds genuine future potential.
Unit 2 occupies the rear of the main house with its own private exterior entrance -- a fully furnished one-bedroom, one-bath with an updated kitchen with full appliance package, and a walk-in shower bath. Units 3 and 4 sit above the detached carriage structure, both fully furnished and move-in ready. Unit 3 is a furnished studio with beadboard walls, kitchenette with vessel sink, and a subway tile glass-enclosed shower bath. Unit 4 is a furnished one-bedroom with louvered closets, and its own mini-split system. All three income units have private exterior access and carry the boutique character of the property throughout.
A shared gravel courtyard with mature trees, curated plantings, and bistro seating connects the structures and adds a tenant amenity that supports retention. The furnished condition of Units 2, 3, and 4 positions the property to capture the professional and short-to-mid-term tenancy segments commanding premium rents in this market.
For the investor, the numbers are clear. For the owner-occupant, occupying the main house while three furnished units offset carrying costs is one of the most compelling propositions available in Historic Downtown New Bern today. Rental records, maintenance history, and financials available through the listing broker. Management in place and available to continue under new ownership.
