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1st Class Real Estate Coastal Choice

support@1stclasscoastalchoice.com +1(910) 418-1560

$ 848,900

Est. payment | -/mo

6 Beds

4 Baths

3,194 SqFt

Save

$ 848,900

Est. payment | -/mo

Save

6 Beds

4 Baths

3,194 SqFt

Open House

Sat Oct 31, 11:00am - 2:00pm

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,194 sqft

Price per Sqft $265

Subdivision Not In Subdivision

MLS Listing ID 100610183

Style Wood Frame

Bedrooms 6

Year Built 1888

Lot Size 7,536 Sqft

Acres 0.17

Lot Dimensions Irregular

Property Sub-Type Duplex

Source Hive MLS

Property Description

Historic Downtown Wilmington character, incredible versatility, and income-producing potential come together at 310 N 5th Avenue. Located in Wilmington's Historic District and just blocks from the restaurants, shops, entertainment, and vibrant riverfront that make downtown living so desirable, this one-of-a-kind property offers approximately 3,194 square feet of living space and a layout that lends itself beautifully to multigenerational living, an owner-occupant seeking rental income, or a unique investment opportunity. Rich with the charm and character you expect from a historic home, the property offers multiple living spaces and an exceptionally flexible floor plan with room to make it your own. Previously configured as a triplex before being converted to a duplex, the home's existing layout offers the potential to be easily converted back to a triplex, subject to applicable zoning, permitting, and approvals--creating even more possibilities for someone looking to maximize the property's income potential. One portion of the home is currently configured as a private one-bedroom, one-bath upstairs apartment with a tenant in place paying $1,600 per month, providing immediate rental income from day one. Outside, the property becomes its own private downtown retreat with a pool, fenced front and backyard, private outdoor space, and screened deck. Adding even more value is off-street parking for up to six vehicles--an exceptional and increasingly rare feature in Historic Downtown Wilmington, where dedicated parking can be difficult to find. Whether accommodating residents, tenants, or guests, the abundance of private parking sets this property apart from many downtown homes and investment properties. A detached garage provides even more possibilities, with additional space upstairs ideal for a home office, studio, hobby space, or potential future conversion, subject to applicable approvals. Whether you're looking for a distinctive historic residence, a multigenerational property, an owner-occupied home with built-in rental income, or an investment with the potential for multiple income-producing units, 310 N 5th Avenue offers a level of flexibility that's hard to replicate--all within a short distance of Historic Downtown Wilmington's restaurants, shops, riverfront, and Live Oak Bank Pavilion. Additional highlights include original hardwood flooring beneath the existing carpet and luxury vinyl plank flooring, offering an exciting opportunity to uncover and restore the home's timeless character and charm. The property is also separately metered for each unit, providing added convenience and flexibility.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning HD-R

Direction West on Market Street toward River and Downtown, Right on N 5th Street, Go through three traffic lights, House is on the right

Location Details Mainland

Interior

Interior Features High Ceilings, Ceiling Fan(s)

Heating Electric, Heat Pump

Cooling Central Air

Exterior

Parking Features On Site

Garage Spaces 1.0

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View None

Roof Type Architectural Shingle

Porch Deck, Porch, Screened

Garage Yes

Building

Lot Description Front Yard

Entry Level Two

Foundation Crawl Space

Water Public

Level or Stories 2

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools New Hanover

Others

Tax ID R04817-004-004-000

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors

Listed by RE/MAX Executive

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(910) 418-1560

support@1stclasscoastalchoice.com

1724 Gardner Dr, Wilmington, NC 28405, USA

310 N 5th AVE Wilmington, NC 28401