118 S 4th Street Wilmington, NC $ 1,795,000
118 S 4th Street
$ 1,795,000
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118 S 4th Street

Wilmington, NC, 28401
$ 1,795,000
Bedrooms-- Baths-- Sq 4,761

Monthly Estimate*

$ 11,198

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Commercial Property for sale in Wilmington, NC

for $1,795,000. This 4,761 square foot building was built in 1890 on a lot size of 0.24.

Stunning Historic Home in the Heart of Downtown Wilmington Welcome to this remarkable historic residence, ideally located in the heart of Downtown Wilmington's Historic District. Originally constructed in 1890, this 4,546 sq ft property is steeped in history and has been thoughtfully reimagined by its current owners—transforming a former Bed & Breakfast into a stylish and versatile retreat while preserving the unique architectural character of the home. Property Features: Three expansive levels of beautifully renovated living space Main level features a welcoming foyer, formal living and dining rooms, a fully equipped kitchen, and a primary master suite Second level offers three luxurious ensuites, each designed for maximum comfort Third level includes two additional private ensuites, perfect for guests or extended stays A private accessory unit with separate access expands the potential for additional accommodations or flexible living arrangements This property comes with a four-room Bed & Breakfast permit—a rare opportunity that opens the door to a thriving business venture or elegant private residence. The sale includes all furnishings, making it truly turnkey for your next chapter. Additional Highlights: Lofty ceilings, intricate crown molding, and original large-scale windows throughout Custom-designed closets in each room Beautifully landscaped gardens providing a tranquil oasis in the heart of the city Every room uniquely designed and meticulously appointed Located just steps from downtown Wilmington's best restaurants, galleries, theaters, and boutiques, this home offers the perfect blend of history, luxury, and location.

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Commercial Active

Price

$ 1,795,000

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.24

Year Built

1890

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100531402

Features
General
Heating Electric Heat Pump Natural Gas
Cooling Central Air
Utilities Natural Gas Connected Sewer Available Water Available
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Shingle Slate
Zoning HD-R
Construction Materials Wood Siding
Year Built 1890
Property Subtype Multi Family
Tax Year 2024
Current Use Other Multi-Family Other8 Bed and Breakfast
Location Historic District
Parcel Number R05405-003-004-000
Business Type Bed & Breakfast
Waterfront Features None
County New Hanover
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Historic District
Garage Y/N N
Status Active
Buyer Financing Seller Financing
Directions From Downtown take Market Street East. Turn right on S 4th and property is on the right.
City Wilmington
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 10454.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Virtual Tour https://sites.uniquemediadesign.com/118south4thstreet?mls
Availability Date 2025-09-18
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 1326100
Legal Description Se 4 E 5 Wilmington Blk 141
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Interior
Basement None
Flooring Tile Wood
Water Heater Electric Natural Gas
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Attic Features Access Only
Total Baths 0
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Exterior
Exterior Finish Wood Siding
Parking Features Off Street Paved
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.24
Foundation Details Crawl Space
Spa N
Building Area Total 4761
Lot Dimensions 90 x 118
Lot Size Acres 0.24
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type Alley City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Email

Affordability Calculator

$11,198
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,198
Monthly Property Taxes
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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
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/13/2025$1,795,000 -5.53% Price Down
9/18/2025$1,900,000 Listed Price

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118 S 4th Street, Wilmington, NC, 28401 is a Commercial Property for sale at $1,795,000 with 4,761 sqft and a lot size of 0.24. 118 S 4th Street was built in 1890. The property's zip code is 28401 which is in Wilmington, NC