1003 Fifth Street S, Carolina Beach, NC 28428 (MLS# 100516461)

1003 Fifth Street S, Carolina Beach, NC 28428

$1,079,000
Property Type: Multi-Family Bedrooms: 7 Baths: 6 Square Footage: 3,249 Lot Size (sq. ft.): 10,454 Status: Pending with Showings
Current Price: $1,079,000 List Date: 6/30/2025 Last Modified: 7/11/2025

Description

Opportunity knocks with this updated triplex perfectly situated just blocks from the beach, boardwalk, and Carolina Beach Elementary! Sitting on an oversized 1.5-lot parcel, this versatile home offers serious investment potential—ideal for house hacking, short- or long-term rentals, or even owner occupancy. Unit C (ground floor) is impressively spacious, featuring 3 bedrooms plus a bonus room (currently used as a 4th bedroom), 3 full bathrooms, a sunroom, large living and dining areas, walk-in closets, laundry room, and a roomy kitchen. Upstairs, Unit B boasts 2 bedrooms and 2 full bathrooms, a newly renovated kitchen with updated appliances, fresh flooring, and a private laundry area. Unit A offers 1 bedroom, 1 full bath, a large living room, and a generously sized kitchen—fully renovated in 2020. Each unit has access to inviting porches, a large fenced backyard, and ample off-street parking. A new roof with a 10-year warranty was installed in 2020, and there's still plenty of room to grow—add a pool, additional dwelling unit, or even a pickleball court thanks to the oversized lot. Currently operating as professionally managed Airbnb rentals, this property delivers strong cash flow and offers cost segregation tax benefits for savvy investors. Live in one unit and rent the others, or continue operating as a high-performing STR. Preferred lender credits available for qualified buyers. Reach out for more details! Total of 7 bedrooms, 6 bathrooms with over 3,250 sqft. Property comes fully furnished.

More Information MLS# 100516461

Contract Info

Status: Pending with Showings Delayed Marketing?: No Marketing Start Date: 2025-06-30 Sub-Type: Triplex Listing Price: 1079000 Current Price: $1,079,000 List Price/SqFt: 332.1 Stipulation of Sale: Standard

Location Information

Street #: 1003 Street Name: Fifth Street Suffix: Street Post Direction: S County: New Hanover State/Province: NC Zip Code: 28428 City Limits: Yes Marketing City: Carolina Beach Subdivision: Other Secondary Subdivision: N/A Geo Lat: 34.026444 Geo Lon: -77.902625

Remarks and Showing

Directions to Property: From S. College Rd. & Oleander Dr. head south on S. College Rd. for about 4.9 miles. S. College Rd. becomes Carolina Beach Rd. continue for 6.5 miles. Take a right onto Dow Rd. N after crossing over S Sign on Property: No

Building Info

New Construction: No

Property ExteriorInterior Info

# Bedrooms: 7 SqFt - Heated (Primary): 3249

Legal and Taxes

Tax Assessed Value: 348700 Deed Book: 6167 Deed Page: 2298 Legal: Blk 87 Lts 8/9/10 Carolina Beach Broker Owner: No PID: R09009-017-018-001 Tax Identifier: R09009-017-018-001 Plat Book: 24 Plat Page: 2 Total Real Estate Property Taxes: 2388.6 Special Assessments: none Tax Year: 2024 Year Built: 1953 Zoning: R-1 HOA: No Cobra Zone: No Elementary School: Carolina Beach Middle School: Murray High School: Ashley

Status Change Info

Under Contract Date: 2025-07-09

Rental Income

Year Gross Rental Income Collected: 51960

Property Features

Basement: None Construction: Wood Frame Exterior Features: None Exterior Finish: Wood Siding Fencing: Back Yard; Wood Foundation: Crawl Space; Slab Fuel Tank: None Parking Features: On Site; Paved; Shared Driveway Patio and Porch Features: Balcony; Covered; Porch Roof: Shingle Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Electric Fireplace: None Furnished: Furnished; Negotiable Interior Features: None Security Features: Smoke Detector(s) HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional; FHA; VA Loan
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: July - 11 - 2025
1003 Fifth Street S, Carolina Beach, NC 28428- MLS# 100516461
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