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
1504 Orange Street, Wilmington, NC 28401- MLS# 100496102
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