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416 N 5th Avenue, Wilmington, NC 28401

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For Sale

$799,000

6 beds • 2,600 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $307.31
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This fully rebuilt downtown residence captures the timeless character of Wilmington's historic district while offering modern finishes and flexible living arrangements. Constructed to historical guidelines and approved by Wilmington's Historical Society, the home blends curb appeal with durability and style making it truly plaque-worthy. Currently configured as two residences, the property offers both lifestyle and income potential. The first-floor unit is already operating as a short-term rental, while the upper level is leased to a long-term tenant for consistent cash flow. If both units were converted to short-term rentals, projected income is estimated at $80,000-$90,000 annually making this an exceptional opportunity for investors. The home can also serve as a multi-generational retreat or easily be converted into a single-family residence by reopening the original interior doorway. Inside, each residence is thoughtfully finished with quartz countertops, stainless steel appliances, farmhouse sinks, engineered French oak flooring, and designer tile bathrooms. Primary suites feature custom walk-in closets and spa-style showers. High ceilings, wide baseboards, and craftsman-style details add warmth and sophistication throughout. Just steps from the Riverwalk, dining, and cultural attractions, this property represents a rare opportunity: a historically recognized home with turnkey rental income and flexible options for the future.
MLS# 100526670

Courtesy Of RE/MAX Essential

(910) 777-2700

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Floor Covering
    Tile, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 416 N 5th Avenue, Wilmington, NC 28401

Home seller CENTURY 21 Vanguard

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CENTURY 21 Vanguard

(910) 769-1465
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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