Multi-Family: MLS #100516487 Wilmington, NC $ 979,000
Multi-Family: MLS #100516487
$ 979,000
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Multi-Family: MLS #100516487

Wilmington, NC, 28403
$ 979,000
Bedrooms2 Baths3.0 Sq 3,579

Monthly Estimate*

$ 6,108

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Multi-Family Home for sale in Wilmington, NC

for $979,000 with 2 bedrooms and 3 full baths. This 3,579 square foot home was built in 1954 on a lot size of 0.46.

Unique Opportunity in Midtown Wilmington. Discover a rare commercial mixed-use property located in the heart of Midtown Wilmington. This offering includes two buildings totaling approximately 3,900 square feet(3579 SF Heated and 347 SF enclosed), ideally situated on nearly half an acre along the high-visibility Oleander Drive corridor. There is a store front, design studio and a one-bedroom apartment. Positioned within the RO (Residential Office) zoning district, the property allows for a wide range of both residential and commercial uses—making it perfect for entrepreneurs, investors, or those seeking a live/work environment. The buildings have recently undergone a comprehensive renovation, featuring a flexible floor plan that can easily adapt to various business or residential needs. The layout and improvements provide excellent potential for office space, a small professional practice, creative studio, or a combination of uses. Currently owner-occupied, this property offers a unique opportunity for owner-users or as a turnkey investment in one of Wilmington's most central and accessible locations.

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Multi-Family Active

Price

$ 979,000

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,675

Style

Triplex

Lot Size

0.46

Year Built

1954

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100516487

Features
Interior
Interior Amenities Ceiling Fan(s)
Basement None
Flooring Tile Vinyl
Furnished Y/N Negotiable
Water Heater Electric
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Thermal Windows
Fireplace Y/N N
Laundry Features Dryer Hookup Washer Hookup
Total Bedrooms 2
Attic Features Access Only
Room Type Dining Area
Total Baths 3
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General
Heating Propane Electric Forced Air
Cooling Central Air
Utilities Electricity Connected Propane Sewer Connected Water Connected
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Shingle
Appliances Electric Oven Refrigerator Dishwasher
Zoning ROD
Garage Spaces 0.0
Patio/Porch Features Porch
Pool Features None
Construction Materials Brick Vinyl Siding
Year Built 1954
View See Remarks
Stories Count 1
Levels Entry Level
Property Subtype Triplex
Tax Year 2024
Lease Includes Building Home Land
Taxes 4675.38
Parcel Number R06108-009-001-000
Waterfront Features None
Accessibility Accessible Approach with Ramp
County New Hanover
Operating Expense 0.0
New Construction N
Property Type Residential Income
In City Limits? (Y/N) Y
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Piney Woods
Garage Y/N N
Status Active
Directions From Downtown Wilmington take Dawson street east. Follow it to merge on to Oleander. Follow Oleander cross over College Road. The property is on the right.
High School Hoggard
City Wilmington
Open Parking Spaces 6
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 19994.0
Carport Spaces 0.0
Carport Y/N N
Green Building Verification Type None
Elementary School Winter Park
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Roland Grise
Lease Considered Y/N N
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 537400
Legal Description Lt 48 B Piney Woods S/D
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Exterior
Exterior Amenities None
Exterior Finish Brick Vinyl Siding
Fencing None
Parking Features Shared Driveway Additional Parking Off Street
Lot Features Level
Water Source Public
Total Parking 0.0
Lot Size Area 0.46
Foundation Details Slab Crawl Space
Spa N
Building Area Total 3579
Lot Dimensions 100 x 200
Lot Size Acres 0.46
Road Surface Type Paved
Frontage Type See Remarks
Waterfront Y/N N
Road Frontage Type City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 5018
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* Excluded Features
List By
Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Email

Affordability Calculator

$6,497
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,108
Monthly Property Taxes
$390
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4736577 Elementary School
4735602 Middle School
Hoggard High School High School
Pricing History
DatePricePrice ChangeDescription
6/30/2025$979,000 Listed Price

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