509 Walnut Street Wilmington, NC ^$ 364,000

509 Walnut Street

^$ 364,000

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Recently Listed

509 Walnut Street

Wilmington, NC, 28401

^$ 364,000

Bedrooms5 Baths2.0 Sq 1,792

Monthly Estimate*

^$ 2,241

509 Walnut Street, Wilmington, NC 28401 - Image 1

509 Walnut Street, Wilmington, NC 28401 - Image 2

509 Walnut Street, Wilmington, NC 28401 - Image 3

509 Walnut Street, Wilmington, NC 28401 - Image 4

509 Walnut Street, Wilmington, NC 28401 - Image 5

509 Walnut Street, Wilmington, NC 28401 - Image 6

509 Walnut Street, Wilmington, NC 28401 - Image 7

509 Walnut Street, Wilmington, NC 28401 - Image 8

509 Walnut Street, Wilmington, NC 28401 - Image 9

509 Walnut Street, Wilmington, NC 28401 - Image 10

509 Walnut Street, Wilmington, NC 28401 - Image 11

509 Walnut Street, Wilmington, NC 28401 - Image 12

509 Walnut Street, Wilmington, NC 28401 - Image 13

Multi-Family Home for sale in Wilmington, NC

for $364,000 with 5 bedrooms and 2 full baths. This 1,792 square foot home was built in 1920 on a lot size of 0.07.

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.

Multi-Family Active

Price

^$ 364,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,920

Style

Duplex

Lot Size

0.07

Year Built

1920

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100565058

Features

Interior

Interior Amenities Ceiling Fan(s)

Basement None

Flooring LVT/LVP Tile

Furnished Y/N Unfurnished

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Laundry Features Dryer Hookup Washer Hookup

Total Bedrooms 5

Attic Features Access Only

Room Type Dining Area

Total Baths 2

General

Heating Baseboard Electric

Cooling Wall/Window Unit(s)

Utilities Electricity Connected Sewer Connected Water Connected

Possession Subject To Tenant Rights

Roof Shingle

Appliances Electric Oven Refrigerator

Zoning HD-R

Patio/Porch Features Covered Front Porch

Construction Materials Aluminum Siding Wood Frame

Year Built 1920

View See Remarks

Levels Two

Property Subtype Duplex

Tax Year 2025

Taxes 1920.28

Parcel Number R04813-034-018-000

Gross Income 28560.0

County New Hanover

Operating Expense 3887.0

New Construction N

Property Type Residential Income

In City Limits? (Y/N) Y

HOA N

Attached Garage N

Subdivision Name Rankin Place North

Garage Y/N N

Status Active

Directions Traveling north on 4th st turn right onto Walnut and the home is up a block on the left

High School New Hanover

City Wilmington

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 3223.0

Carport Spaces 0.0

Carport Y/N N

Elementary School Snipes

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Middle/Junior High School Williston

Lease Considered Y/N N

Structure Type Wood Frame

Standard Status Active

Tax Assessed Value 326300

Legal Description Wm 5 Wilmington Blk 222

Exterior

Exterior Finish Aluminum Siding

Fencing Back Yard

Parking Features On Street

Water Source Public

Total Parking 0.0

Lot Size Area 0.07

Foundation Details Crawl Space

Spa N

Building Area Total 1792

Lot Dimensions 66 x 49

Lot Size Acres 0.07

Frontage Type See Remarks

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Internal Only

Street Number 1 509

* Excluded Features

List By

Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Affordability Calculator

$2,401

Per Month

Monthly Principal & Interest: $2,241
Monthly Property Taxes: $160
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Wilmington, NC

Average List Price ^$947,535

Percent of Sale Price 160%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4736780 Elementary School

4736089 Middle School

New Hanover High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/5/2026	$364,000		Listed Price

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509 Walnut Street, Wilmington, NC, 28401 is a Multi-Family Home for sale at $364,000 with 1,792 sqft and a lot size of 0.07. 509 Walnut Street has 5 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 28401 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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509 Walnut Street

Multi-Family Home for sale in Wilmington, NC

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