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$848,900

  • Bedrooms

    6

  • Bathrooms

    4

  • Sq.Ft.

    3,194

Photos Map Street View

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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.

Overview

Property Status
For Sale
Lot Size
7,536 Sq.Ft.
MLS ID
100610183
Property Type
Multi-Family
Year Built
1888

Features & Amenities

Total Area
3,194 Sq.Ft.
Neighborhood
Wilmington
View Description
None
Stories
2
Garage Spaces
1.0
Water Source
Public
Utilities
Natural Gas Connected, Sewer Connected, Water Connected
Roof
Architectural Shingle
Lot Features
Front Yard
Parking
On Site
Heat Type
Electric, Heat Pump
Air Conditioning
Central Air
Other Interior Features
High Ceilings, Ceiling Fan(s)
Sewer
Municipal Sewer
Substructure
Crawl Space
Elementary School
Snipes
Middle School
Williston
High School
New Hanover
Sales Price
$848,900
Real Estate Tax
$3,195/yr
Zoning
HD-R

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A restored riverfront, historic charm, and nearby beaches on the North Carolina coast.

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  • CallJennifer Bullock

    License #NC 253271

    (910) 512-4080

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    Get in Touch

    REMAX Executive

    (704) 249-0569

    2901 Coltsgate Rd Charlotte, NC 28211