**SELLER IS NOW OFFERING UP TO $12,600 TOWARD THE BUYER'S CLOSING EXPENSES WITH AN ACCEPTED OFFER! Seller plans to remove the property from the market on September 1, so all offers should be submitted before then.** Welcome to 206 King Street, a rare opportunity in the heart of New Bern's Historic Downtown District offering flexibility, character, and income-producing potential. Whether you're looking for an investment property, owner-occupant opportunity, or a home that could potentially be converted back to a single-family residence, this property offers a variety of possibilities. The property features two separate living spaces totaling six bedrooms and three bathrooms. The downstairs unit has been extensively renovated following Florence and showcases an open-concept layout with updated flooring, modern lighting, a beautifully renovated kitchen with stainless steel appliances, ample cabinet space, and a desirable split-bedroom floor plan. The spacious primary suite includes a private bathroom, while two additional bedrooms and a second full bath provide plenty of room for family or guests. Enjoy relaxing on the inviting front porch swing or entertaining on the rear deck complete with an outdoor fireplace. Upstairs, you'll find a charming three-bedroom, one-bath apartment filled with historic character, including a clawfoot tub, and spacious living areas. The kitchen features stainless steel appliances and ample workspace, while mini-split cooling and baseboard heating provide year-round comfort. A washer and dryer are also included as a courtesy. Situated just a short walk from Downtown New Bern's shopping, dining, waterfront attractions, festivals, and Union Point Park, this property combines historic charm with modern convenience. Additional features include off-street parking, shared outdoor living spaces, and close proximity to medical facilities, the airport, and the Crystal Coast beaches, including Emerald Isle and Atlantic Beach. Whether you're seeking a multi-generational living arrangement, a house-hack opportunity, or an addition to your investment portfolio, 206 King Street offers exceptional versatility in one of Eastern North Carolina's most desirable historic locations. With the seller's closing cost incentive available and the property scheduled to come off the market on September 1, now is the time to submit your offer.