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4911 Oleander Drive

Wilmington, NC 28403

$699,000

$267 per Sq.Ft.

  • Active
  • 3 beds
  • 3.5 baths
  • 2165 Sq. Ft.
  • Residential
  • Built in 1955
  • MLS #100574328
3 beds
3.5 baths
2165 Sq. Ft.
Residential
Built in 1955
MLS #100574328
Rare Live/Work Investment Opportunity in Wilmington's Residential Overlay District! Discover unmatched flexibility and incredible income potential with this historic, multi-unit midtown property. Perfectly designed for modern versatility, this unique estate functions seamlessly as a primary residence, a professional office space, or a high-yielding multi-stream investment. The main home features an adaptable front layout ideal for living quarters or a customer-facing business. The rear of the main home includes its own separate entrance--while maintaining internal access--making it a perfect setup for an in-law suite, a private office, or an immediate rental unit. Step outside to find a completely detached Accessory Dwelling Unit (ADU) ready to generate secondary rental income or serve as a quiet detached workspace. Situated on a spacious 0.36-acre lot, the property benefits from highly desirable rear-alley access out to 51st Street and the traffic light for easy, safe ingress and egress. Located in the coveted Residential Overlay District (ROD), the zoning allows for a diverse range of residential, professional office, and medical uses. Whether you want to ''house hack'' and live rent-free, run your business from home, or add a powerhouse asset to your rental portfolio, this affordable ROD property delivers. Don't miss out on this exceptional piece of Wilmington real estate--schedule your tour today!


Interior Features

Total bedrooms
3 bedrooms
Full bathrooms
3 full bathrooms
Half bathrooms
1 half bathrooms
Kitchen appliances
Interior features
Bookcases, apt/suite
Flooring
Cooling
Wall/window unit(s)
Heating
Electric, forced air


Exterior Features

Lot size
0.45 acres
Water front
No
Fencing
Partial
Exterior features
Wood siding
Roof
Shingle


HOA Information

HOA
No


Utilities

Utilities
Cable available, sewer connected, water connected


Schools

Elementary school
Winter Park
Middle school
Roland Grise
High school
Hoggard


Other Information

Tax assessed value
$606,800.00
Tax amount
$3,571.02
Tax year
2025
Zoning
ROD


Listing provided courtesy of: Intracoastal Realty Corporation. 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.

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