$349,000
Wilmington, NC 28401
MLS# 100565058
Status: Pending with Showings
5 beds | 2 baths | 1792 sqft
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Property Description
This prime real estate opportunity in Downtown Wilmington, NC features a duplex with 3 bedrooms and 1.5 bathrooms in one unit and 2 Bedroom and 1 bath in the other. . Located in a high-demand area, this property is ideal for investors seeking robust rental yields or owner-occupants looking to live in one unit while generating income from the other.
Details
Maps
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 509
Street Name: Walnut
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Rankin Place North
Geo Lat: 34.240556
Geo Lon: -77.943293
Building/Ext Features
ud_i_08: 2
Property Interior Info
ud_i_10: 2
Contract Info
Delayed Marketing?: No
Sub-Type: Duplex
List Price/SqFt: 194.75
Stipulation of Sale: Standard
Status: Pending with Showings
Marketing Start Date: 2026-04-05
Listing Price: 349000
Current Price: $349,000
Remarks and Showing
Sign on Property: Yes
Directions to Property: Traveling north on 4th st turn right onto Walnut, and the home is up a block on the left
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Acres: 0.07
Lot SqFt: 3223
Lot Dimensions: 66 x 49
Waterfront: No
Waterview: No
Location Type: Mainland
# Baths - Total: 2
# Total Units: 2
Fireplace Y/N: Yes
Owner Occupied: No
Property Mgmt Company: No
Financials Available: Yes
Legal and Taxes
Tax Assessed Value: 326300
Deed Book: 6488
Deed Page: 698
Legal: Wm 5 Wilmington Blk 222
Broker Owner: No
PID: R04813-034-018-000
Tax Identifier: R04813-034-018-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 1920.28
Special Assessments: None
Tax Year: 2025
Zoning: HD-R
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Year Built: 1920
Showing Instructions
24 Hour Notice: 1
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Parking Features
Street Only: 1
Attic
Access Only: 1
Basement
None: 1
Electric
# Meters: 2
Frontage Type
See Remarks: 1
View Type
See Remarks: 1
Construction
Wood Frame: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Trash Provider: City of Wilmington
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Aluminum Siding: 1
Terms
Cash: 1
Conventional: 1
Fencing
Back Yard: 1
Foundation
Crawl Space: 1
Flooring
LVT/LVP: 1
Tile: 1
Fuel Tank
None: 1
Patio and Porch Features
Covered: 1
Front Porch: 1
Roof
Shingle: 1
Levels
Two: 1
Entry Level Information
Entry Level: 1
Cooling
Wall/Window Unit(s): 1
Heating
Baseboard: 1
Heating System Fuel Source
Electric: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
# Meters: 2
Appliances/Equip
Electric Oven: 1
Refrigerator: 1
Fireplace Features
None: 1
Other: 1
Furnished
Unfurnished: 1
Interior Features
Ceiling Fan(s): 1
Laundry Location
Hookup - Dryer: 1
Hookup - Washer: 1
Dining Room Type
Combination: 1
Side/Unit 1
Total Rooms: 4
# of Bedrooms: 2
Full Baths: 1
Avg SqFt: 850
Furnished: No
Rent: 880
Occupied: Yes
Side/Unit 1 Cooling
Wall/Window Unit: 1
Side/Unit 1 Heating
Baseboard: 1
Side/Unit 1 Appliance
Refrigerator: 1
Stove/Oven - Electric: 1
Side/Unit 1 Rent Frequency
Monthly: 1
Side/Unit 1 Owner Pays
Lawn Maintenance: 1
Side/Unit 2
Total Rooms: 5
# of Bedrooms: 3
Full Baths: 1
Half Baths: 1
Avg SqFt: 1005
Furnished: No
Rent: 1500
Occupied: Yes
Side/Unit 2 Cooling
Wall/Window Unit: 1
Side/Unit 2 Heating
Baseboard: 1
Rental Income
Net Operating Income: 24673
Gross Rental Income: 28560
Occupancy Rate: 100
Operating Expense: 3887
Side/Unit 2 Rent Frequency
Monthly: 1
Side/Unit 2 Owner Pays
Lawn Maintenance: 1
Property ExteriorInterior Info
# Bedrooms: 5
SqFt - Heated (Primary): 1792
Status Change Info
Under Contract Date: 2026-05-07
Property Features
Showing Instructions: 24 Hour Notice
Frontage Type: See Remarks
View Type: See Remarks
Attic: Access Only
Basement: None
Construction: Wood Frame
Exterior Finish: Aluminum Siding
Fencing: Back Yard
Foundation: Crawl Space
Fuel Tank: None
Parking Features: Street Only
Patio and Porch Features: Covered; Front Porch
Roof: Shingle
Levels: Two
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Heating System Fuel Source: Electric
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Municipal Water
Sewer: Municipal Sewer
Fireplace Features: None; Other
Flooring: Tile; LVT/LVP
Furnished: Unfurnished
Interior Features: Ceiling Fan(s)
Laundry Location: Hookup - Dryer; Hookup - Washer
Dining Room Type: Combination
Terms: Cash; Conventional
IDX
Listing Office: Intracoastal Realty Corporation
Last Updated: May - 08 - 2026
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