416 N 5th Ave Wilmington, NC 28401
Hemenway NeighborhoodEstimated payment $4,310/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Wood Siding
- Covered Patio or Porch
- Ceiling Fan
About This Home
This fully rebuilt downtown residence captures the timeless character of Wilmington's historic district while offering modern finishes and flexible living arrangements. Constructed to historical guidelines and approved by Wilmington's Historical Society, the home blends curb appeal with durability and style -- making it truly plaque-worthy.Currently configured as two residences, the property offers both lifestyle and income potential. The first-floor unit is already operating as a short-term rental, while the upper level is leased to a long-term tenant for consistent cash flow. If both units were converted to short-term rentals, projected income is estimated at $80,000-$90,000 annually -- making this an exceptional opportunity for investors. The home can also serve as a multi-generational retreat or easily be converted into a single-family residence by reopening the original interior doorway.Inside, each residence is thoughtfully finished with quartz countertops, stainless steel appliances, farmhouse sinks, engineered French oak flooring, and designer tile bathrooms. Primary suites feature custom walk-in closets and spa-style showers. High ceilings, wide baseboards, and craftsman-style details add warmth and sophistication throughout.Just steps from the Riverwalk, dining, and cultural attractions, this property represents a rare opportunity: a historically recognized home with turnkey rental income and flexible options for the future.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $639
Year Built
- Built in 1920
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 64 x 96
Home Design
- Duplex
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 4 Bathrooms
- 2-Story Property
- Ceiling Fan
- Dishwasher
Flooring
- Wood
- Tile
Basement
- Partial Basement
- Crawl Space
Parking
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Snipes Elementary School
- Williston Middle School
- New Hanover High School
Utilities
- Forced Air Heating System
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number R04813-034-002-000
Map
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 | $639 | $73,400 | $63,600 | $9,800 |
| 2023 | $639 | $73,400 | $63,600 | $9,800 |
| 2022 | $922 | $216,900 | $63,600 | $153,300 |
| 2021 | $1,207 | $282,000 | $63,600 | $218,400 |
| 2020 | $1,028 | $195,200 | $57,400 | $137,800 |
| 2019 | $1,028 | $195,200 | $57,400 | $137,800 |
| 2018 | $1,028 | $195,200 | $57,400 | $137,800 |
| 2017 | $1,028 | $195,200 | $57,400 | $137,800 |
| 2016 | $1,187 | $214,200 | $76,000 | $138,200 |
| 2015 | $1,134 | $214,200 | $76,000 | $138,200 |
| 2014 | $1,086 | $214,200 | $76,000 | $138,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $799,000 | -11.2% | -- |
| 11/08/2024 11/08/24 | Price Changed | $900,000 | -2.7% | $350 / Sq Ft |
| 10/18/2024 10/18/24 | For Sale | $925,000 | +153.4% | $360 / Sq Ft |
| 09/05/2023 09/05/23 | Sold | $365,000 | -8.5% | $143 / Sq Ft |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
| 07/31/2023 07/31/23 | For Sale | $399,000 | +81.4% | $157 / Sq Ft |
| 07/15/2021 07/15/21 | Sold | $219,900 | 0.0% | $86 / Sq Ft |
| 05/25/2021 05/25/21 | Pending | -- | -- | -- |
| 05/17/2021 05/17/21 | For Sale | $219,900 | -- | $86 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Commissioners Deed | $220,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $6,000 | -- |
Source: Hive MLS
MLS Number: 100526670
APN: R04813-034-002-000
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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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