1504 Orange St Wilmington, NC 28401
The Bottom NeighborhoodEstimated payment $3,089/month
Total Views
6,131
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- 1 Fireplace
- Furnished
- Covered patio or porch
- John T. Hoggard High School Rated A-
- No HOA
- Fenced Yard
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,342
Year Built
- Built in 1923
Lot Details
- 4,400 Sq Ft Lot
- Lot Dimensions are 41x107
- Fenced Yard
- Wood Fence
Parking
- On-Street Parking
Home Design
- Duplex
- Wood Frame Construction
- Architectural Shingle Roof
- Asbestos Siding
Interior Spaces
- 1-Story Property
- Furnished
- Ceiling Fan
- 1 Fireplace
- Blinds
- Crawl Space
Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- Bedroom Suite
- 2 Bathrooms
- Walk-in Shower
Laundry
- Dryer
- Washer
Schools
- Snipes Elementary School
- Williston Middle School
- Hoggard High School
Additional Features
- Covered patio or porch
- Heat Pump System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number R05406-011-021-000
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,342 | $154,200 | $45,800 | $108,400 |
| 2023 | $1,303 | $154,200 | $45,800 | $108,400 |
| 2022 | $1,311 | $154,200 | $45,800 | $108,400 |
| 2021 | $1,320 | $154,200 | $45,800 | $108,400 |
| 2020 | $1,042 | $98,900 | $31,300 | $67,600 |
| 2019 | $1,042 | $98,900 | $31,300 | $67,600 |
| 2018 | $1,030 | $98,900 | $31,300 | $67,600 |
| 2017 | $1,042 | $98,900 | $31,300 | $67,600 |
| 2016 | $916 | $82,700 | $29,600 | $53,100 |
| 2015 | $876 | $82,700 | $29,600 | $53,100 |
| 2014 | $839 | $82,700 | $29,600 | $53,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Price Changed | $539,000 | -3.6% | -- |
| 03/25/2025 03/25/25 | Price Changed | $559,000 | 0.0% | $434 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $559,000 | -1.9% | -- |
| 03/12/2025 03/12/25 | For Sale | $569,900 | 0.0% | -- |
| 03/12/2025 03/12/25 | For Sale | $569,900 | +58.3% | $442 / Sq Ft |
| 07/14/2023 07/14/23 | Sold | $360,000 | -2.7% | $280 / Sq Ft |
| 06/13/2023 06/13/23 | Pending | -- | -- | -- |
| 03/28/2023 03/28/23 | For Sale | $369,900 | -- | $287 / Sq Ft |
Source: Hive MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | None Listed On Document | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $288,000 | New Conventional |
Source: Public Records
Similar Homes in Wilmington, NC
Source: Hive MLS
MLS Number: 100496102
APN: R05406-011-021-000
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC
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