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Lanier Property Group Team

stephanielanier@gmail.com +1(910) 398-4304

$ 559,000

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Price Dropped by $10K

1504 Orange ST Wilmington, NC 28401

3 Beds

2 Baths

1,288 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,288 sqft

Price per Sqft $434

Subdivision Not In Subdivision

MLS Listing ID 100496102

Style Wood Frame

Bedrooms 3

HOA Y/N No

Originating Board Hive MLS

Year Built 1923

Lot Size 4,400 Sqft

Acres 0.1

Lot Dimensions 41X107

Property Sub-Type Duplex

Property 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!

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning R-5

Direction From Castle St, turn right onto S 17th St, left onto Orange St, home will be on the left

Rooms

Basement Crawl Space

Interior

Interior Features Kitchen Island, Master Downstairs, 9Ft+ Ceilings, Apt/Suite, Ceiling Fan(s), Furnished, Walk-in Shower, Eat-in Kitchen

Heating Electric, Heat Pump

Cooling Central Air

Furnishings Furnished

Window Features Blinds

Appliance Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer, Dishwasher

Exterior

Parking Features On Street

Roof Type Architectural Shingle

Porch Covered, Patio, Porch

Building

Story 1

Entry Level One

Sewer Municipal Sewer

Water Municipal Water

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools Hoggard

Others

Tax ID R05406-011-021-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.zillow.com/view-3d-home/b19a9189-dae8-4aa9-a9cc-4a278486ef73?setAttribution=mls&wl=true&utm_source=dashboard

Hive MLS / (NCRMLS) / Cape Fear Realtors

Listed by eXp Realty

Lanier Property Group Team

Broker | License ID: 273505

+1(910) 398-4304

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Wilmington, NC

Lanier Property Group Team

1504 Orange ST Wilmington, NC 28401

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1504 Orange ST