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
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.