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511 Marstellar Street

Wilmington, NC 28401

$365,000

$457 per Sq.Ft.

  • Active
  • 3 beds
  • 1 baths
  • 799 Sq. Ft.
  • Residential
  • Built in 1910
  • MLS #100586361
3 beds
1 baths
799 Sq. Ft.
Residential
Built in 1910
MLS #100586361
Investor's dream! Rare opportunity to own both 509 and 511, featuring a beautifully renovated 3-bedroom, 1-bath bungalow plus a detached studio apartment above the garage. With income-producing potential and the ability to subdivide the lot (buyer to verify), this property offers incredible flexibility for investors, owner-occupants, or multigenerational living. Nestled beneath a stunning mature live oak on a .20-acre lot, the main home welcomes you with a charming front porch and private driveway. Inside, you'll find refinished hardwood floors, new tile flooring, a beautifully renovated kitchen and bathroom, brand-new kitchen appliances, and fresh paint throughout. Major updates include a new HVAC system (2023), all new windows and exterior doors, updated interior and exterior lighting, and exterior wood replacement. The detached studio apartment creates an excellent opportunity for rental income, a guest suite, or a private home office. Below, the garage provides ample storage, while the detached backyard shed offers even more space for tools and equipment. The fully fenced backyard is a blank canvas with plenty of room for gardening, entertaining, or creating your own outdoor oasis. Located within walking distance of the South Front District and just minutes from Greenfield Lake, the Cargo District, and historic downtown Wilmington. Enjoy easy access to the 5th Avenue bike route, making it simple to reach Wilmington's restaurants, breweries, shopping, and riverfront attractions. Whether you're expanding your investment portfolio, house hacking, or searching for a property with future development potential, opportunities like this are hard to find.


Interior Features

Total bedrooms
3 bedrooms
Full bathrooms
1 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Gas oven
Interior features
Master downstairs, apt/suite
Flooring
Tile
Cooling
Central air
Heating
Electric, heat pump


Exterior Features

Lot size
0.2 acres
Water front
No
Fencing
Back yard, wood
Exterior features
Wood siding
Roof
Architectural shingle


HOA Information

HOA
No
HOA amenities
No amenities


Utilities

Utilities
Sewer connected, water connected


Schools

Elementary school
Forest Hills
Middle school
Myrtle Grove
High school
Hoggard


Other Information

Tax assessed value
$260,100.00
Tax amount
$1,530.69
Tax year
2025
Zoning
R-5


Listing provided courtesy of: Coldwell Banker Sea Coast Advantage. 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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