1504 Orange Street

Wilmington, NC 28401

$559,000

$434 per Sq.Ft.

Active
3 beds
2 baths
1288 Sq. Ft.
Residential
Built in 1923
MLS #100493789

3 beds

2 baths

1288 Sq. Ft.

Residential

Built in 1923

MLS #100493789

Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio ADU, with its private entrance, offers a full kitchen and bath, perfect for rental income or a guest suite. This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one. Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas!

Interior Features

Total bedrooms

3 bedrooms

Full bathrooms

2 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Interior features

Kitchen island, master downstairs, 9ft+ ceilings, apt/suite, ceiling fan(s), furnished, walk-in shower, eat-in kitchen

Flooring

Cooling

Central air

Heating

Electric, heat pump

Exterior Features

Lot size

0.1 acres

Water front

Fencing

Privacy, back yard

Exterior features

Asbestos

Roof

Architectural shingle

HOA Information

HOA

Schools

Elementary school

Snipes

Middle school

Williston

High school

Hoggard

Other Information

Tax assessed value

$154,200.00

Tax amount

$1,341.54

Tax year

2024

Zoning

R-5

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Listing provided courtesy of: eXp Realty. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

Market trends

There were 424 new listings in Wilmington last month. The average time on market was 64 days and the average price of new new listings was $665,958. Over the last three months, the average sale price to list price ratio was 95.73%.

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Homes for sale

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1504 Orange Street