$1,079,000
PENDING

1003 Fifth St Carolina Beach, NC 28428

Estimated payment $6,079/month

Total Views 875
7 Beds
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Covered Patio or Porch
  • Balcony
  • Carolina Beach Elementary School Rated A-
  • Fenced Yard
  • Wood Siding

About This Home

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.

Listing Agent

The Domenico Grillo Real Estate Team

Keller Williams Innovate-Wilmington Listed on: 06/30/2025

Keller Williams Innovate-Wilmington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,389

Year Built

  • Built in 1953

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 75'x100'x73'x100'
  • Fenced Yard
  • Wood Fence

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 6 Bathrooms
  • 2-Story Property
  • Crawl Space
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Carolina Beach Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R09009-017-018-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,389

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Triplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 1st Floor, 2nd Floor
  • Year Built: 1953
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Fireplace: None
  • Interior Amenities: None
  • List Price per Sq Ft: 332.10
  • Total Bathrooms: 6.00
  • Number Bedrooms Total: 7

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: Back Yard, Wood
  • Foundation: Crawl Space, Slab
  • Porch Balcony Deck: Balcony, Porch, Covered
  • Roof: Shingle
  • Waterfront: No
  • Waterview: No

Garage/Parking

  • Parking Driveway: On Site, Shared Driveway, Paved

Utilities

  • Appliances Equipment: Dishwasher, Washer, Refrigerator, Electric Cooktop, Electric Oven, Dryer
  • Cooling System: Central Air
  • Fuel Tank: None
  • Heating System: Heat Pump
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities
  • Property Mgmt Company: Yes

Lot Info

  • Deed Page: 2298.00
  • Lot Acres: 0.24
  • Lot Dimensions: 75'x100'x73'x100'
  • Lot Sq Ft: 10454.00
  • Plat Book: 24
  • Plat Page: 2
  • Zoning: R-1

Rental Info

  • Annual Gross Rental Income Collected: 51960

Tax Info

  • Tax Identifier: R09009-017-018-001
  • Tax Year: 2024
  • Total Real Estate Property Taxes: 2388.60

Multi Family

  • Number Total Units: 3

MLS Schools

  • Elementary School: Carolina Beach
  • High School: Ashley
  • Middle School: Murray

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,389 $348,700 $201,900 $146,800
2022 $2,336 $348,700 $201,900 $146,800
2021 $2,406 $348,700 $201,900 $146,800
2020 $2,352 $294,000 $73,000 $221,000
2019 $2,352 $262,700 $73,000 $189,700
2018 $0 $262,700 $73,000 $189,700
2017 $2,088 $262,700 $73,000 $189,700
2016 $2,118 $246,800 $86,800 $160,000
2015 $1,997 $246,800 $86,800 $160,000
2014 $1,947 $246,800 $86,800 $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Pending -- -- --
06/30/2025 06/30/25 For Sale $1,079,000 +66.0% --
10/13/2021 10/13/21 Sold $650,000 0.0% $200 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $650,000 +85.7% $200 / Sq Ft
09/05/2018 09/05/18 Sold $350,000 0.0% $129 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $350,000 -- $129 / Sq Ft
Source: Hive MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $650,000 None Available
Warranty Deed $350,000 None Available
Interfamily Deed Transfer -- None Available
Deed -- --
Deed $16,000 --
Deed $79,000 --
Deed $75,500 --
Deed $50,000 --
Deed $10,500 --
Deed $3,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 Purchase Money Mortgage
Previous Owner $300,000 New Conventional
Previous Owner $297,500 New Conventional
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

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Source: Hive MLS

MLS Number: 100516461

Hive MLS

APN: R09009-017-018-001