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For sale 1 day ago

$800,000

6+ bd 4+ ba 0 sqft

716 S 5th Ave. , Wilmington, NC 28401

Residential Duplex Occupied

Current Rent **

$5,000

Projected Rent **

$5,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Brooks Bailey

Unit 1 Details
  • Current Rent: $2,600
  • Bedroom: 3 bd
  • Bathroom: 2 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $2,400
  • Bedroom: 3 bd
  • Bathroom: 2 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Downtown Wilmington NC Duplex

A rare opportunity to own a newer construction duplex in one of downtown Wilmington's most desirable and walkable neighborhoods. Thoughtfully designed with modern finishes, each spacious 3-bedroom, 2-bath unit offers an open-concept layout filled with natural light, creating an inviting space that appeals to today's renters.

Each unit features a private entrance, in-unit laundry, and a covered porch, providing comfortable indoor-outdoor living. Two fenced courtyard-style yards offer charming outdoor space, while off-street parking adds a valuable convenience rarely found this close to downtown.

Just blocks from the vibrant Castle Street Arts & Antique District, residents can walk to popular coffee shops, restaurants, breweries, boutiques, and local favorites. The Wilmington Riverwalk and historic downtown are also just a short stroll away, making this an exceptionally attractive location for long-term tenants.

With newer construction, desirable floor plans, and an unbeatable location, this duplex presents an outstanding opportunity for investors seeking a low-maintenance, income-producing property in one of Wilmington's strongest rental markets.

Location:

716 S 5th Ave. , Wilmington, NC 28401

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.