1504 Orange Street, Wilmington, NC 28401 (MLS# 100496102)
1504 Orange Street, Wilmington, NC 28401
$539,000
Property Type:
Multi-Family
Bedrooms:
3
Baths:
2
Square Footage:
1,288
Lot Size (sq. ft.):
4,400
Status:
Active
Current Price:
$539,000
List Date:
3/22/2025
Last Modified:
6/19/2025
Description
Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio, with its own private entrance, offers a full kitchen and bath, perfect for rental income or a guest suite. This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one. Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas!
More Information MLS# 100496102
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-03-12
Sub-Type: Duplex
Listing Price: 539000
Current Price: $539,000
List Price/SqFt: 418.48
Stipulation of Sale: Standard
Location Information
Street #: 1504
Street Name: Orange
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.234141
Geo Lon: -77.929607
Remarks and Showing
Directions to Property: From Castle St, turn right onto S 17th St, left onto Orange St, home will be on the left
Sign on Property: Yes
Building Info
New Construction: No
Property ExteriorInterior Info
# Bedrooms: 3
SqFt - Heated (Primary): 1288
Legal and Taxes
Tax Assessed Value: 154200
Total City Real Estate Property Tax: 1341.54
Deed Book: 6651
Deed Page: 1782
Legal: Pt Lots 1-2 Blk 496 Wilm
Broker Owner: No
PID: R05406-011-021-000
Tax Identifier: R05406-011-021-000
Special Assessments: n/a
Tax Year: 2024
Year Built: 1923
Zoning: R-5
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: Hoggard
Property Features
Construction: Wood Frame
Exterior Finish: Asbestos
Fencing: Back Yard; Wood
Foundation: Crawl Space
Fuel Tank: None
Parking Features: Street Only
Patio and Porch Features: Covered; Patio; Porch
Roof: Architectural Shingle
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Utilities: Sewer Available; Water Available
Water Source: Municipal Water
Sewer: Municipal Sewer
Fireplace: 1
Furnished: Furnished
Interior Features: Apt/Suite; Blinds/Shades; Ceiling Fan(s); High Ceilings; Kitchen Island; Master Downstairs; Walk-in Shower
Dining Room Type: Kitchen
Terms: Cash; Conventional; FHA; VA Loan
Listing Office: eXp Realty
Last Updated: June - 19 - 2025
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