5324 Wrightsville Avenue

Wilmington, NC 28403

$599,000

$299 per Sq.Ft.

Active
4 beds
2 baths
1344 Sq. Ft.
Residential
Built in 1954
MLS #100561004

4 beds

2 baths

1344 Sq. Ft.

Residential

Built in 1954

MLS #100561004

Investor Alert! Two income producing properties on one lot that has recently been rezoned R-5(CD) and pre-approved to build two more dwellings!! The existing 3 bedroom brick ranch (1344 ft2) is vacant and ready for its new occupant. It has recently been updated with new HVAC (2026), new HWH (2026), and new roof (2024). Other updates in the last 12-13 years include updated electrical system, kitchen cabinetry, appliances, and select flooring. There is also a bonus room that could be used as an additional bedroom or home office. Out back lies a detached 1 bedroom garage apartment (660 ft2) built in 2013 with access from Park Ave and a long term tenant in place that would like to stay. Each dwelling has their own private 1 car garage bay for storage, a rarity in this town. The primary dwelling sits on a crawlspace so there is potential to add another bathroom. Conveniently located in the Wrightsville corridor designated Area of Opportunity by the City of Wilmington this home site is close to UNCW, Cape Fear Hospital, coffee shop, city transit, Wrightsville Beach, and more! The new owner has the option to subdivide and develop two more income producing units, or just keep the property as-is and live in the house and rent out the garage apartment. In the case of the latter, you could still subdivide and possibly sell the new lot (with frontage on Wrightsville Ave) to defray the cost of your purchase. Don't miss this rare opportunity with so much potential! Disclaimer: Concept plans (pictured) were submitted to the city as part of the rezoning package and are being provided for reference only.

Interior Features

Total bedrooms

4 bedrooms

Full bathrooms

2 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Built-in microwave, refrigerator, range, dishwasher

Interior features

Mud room, apt/suite, ceiling fan(s)

Flooring

Cooling

Central air

Heating

Electric, forced air, heat pump

Exterior Features

Lot size

0.38 acres

Water front

Fencing

Partial

Exterior features

Brick, vinyl siding

Roof

Shingle

HOA Information

HOA

Utilities

Sewer connected, water connected

Schools

Elementary school

Winter Park

Middle school

Roland Grise

High school

Hoggard

Other Information

Tax assessed value

$433,600.00

Tax amount

$2,551.74

Tax year

2025

Zoning

R-15

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Listing provided courtesy of: Berkshire Hathaway HomeServices Carolina Premier Properties. 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 374 new listings in Wilmington last month. The average time on market was 67 days and the average price of new new listings was $685,064. Over the last three months, the average sale price to list price ratio was 95.07%.

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5324 Wrightsville Avenue