$486,000
SOLD MAR 31, 2025

422 S 5th Ave Unit 1 And 2 Wilmington, NC 28401

Old Wilmington Neighborhood
4 Beds
2 Baths
1,876 Sq Ft
2,744 Sq Ft Lot

Recently Sold

$259 Per Sq Ft

2% Below List Price

4 Days on Market

Highlights

  • Second Kitchen
  • No HOA
  • Laundry Room
  • Wood Flooring
  • Porch
  • Bedroom Suite

About This Home

As of March 2025

Discover the charm and income potential of this beautifully converted historic duplex at 422 S 5th Ave. Featuring two spacious 2-bedroom, 1-bath units--one upstairs and one downstairs--this property is a fantastic investment opportunity. Currently used as a long-term rental, both units have tenants in place. Enter through the shared foyer, where a joint stairwell leads to the second-floor unit, while the main floor unit is easily accessible. Each unit boasts a full kitchen with updated appliances, in-unit laundry, and timeless historic details throughout. Enjoy the inviting shared front porch, perfect for relaxing in the heart of downtown Wilmington. Conveniently located within walking distance to shops, restaurants, and the scenic Riverwalk. Don't miss this chance to own a piece of Wilmington's history with built-in rental income!

Last Agent to Sell the Property

Sherri Ingle

Intracoastal Realty Corp Listed on: 02/24/2025

Intracoastal Realty Corp

Last Buyer's Agent

Kraig Marquis

Keller Williams Innovate-Wilmington

Keller Williams Innovate-Wilmington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,482

Year Built

  • Built in 1903

Lot Details

  • 2,744 Sq Ft Lot
  • Lot Dimensions are 33x82x33x83
  • Wood Fence

Home Design

  • Duplex
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Second Kitchen
  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking

Schools

  • Snipes Elementary School
  • Williston Middle School
  • New Hanover High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Electric Water Heater

Additional Features

  • Energy-Efficient HVAC
  • Porch

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Assessor Parcel Number R05405-030-013-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,482

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Sub Type: Duplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • Handicap Accessible: None
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic: Other
  • Basement: None
  • Dining Room Type: Combination
  • Fireplace: None
  • Flooring: LVT/LVP, Wood, Tile
  • Interior Amenities: 1st Floor Master, Smoke Detectors, Ceiling Fan(s), Blinds/Shades, Apt/Suite, 9Ft+ Ceilings, 2nd Kitchen
  • Laundry Location: Room
  • List Price per Sq Ft: 263.86
  • Total Bathrooms: 2.00
  • Number Bedrooms Total: 4

Exterior Features

  • Exterior Finish: Wood Siding
  • Fencing: Wood
  • Foundation: Crawl Space
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Maintained, Public (City/Cty/St)
  • Roof: Architectural Shingle
  • Waterfront: No
  • Waterview: No
  • Pool Spa: None

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: Paved, Street Only

Utilities

  • Appliances Equipment: Dishwasher, Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer
  • Cooling System: Central
  • Federal Flood Ins Avlbl: No
  • Fuel Tank: None
  • Heating System: Forced Air, Gas Pack
  • Utilities: Natural Gas Connected
  • Water Heater: Electric
  • HeatingSystemFuelSource: Natural Gas
  • Sewer: Connected
  • Water Source: Water Connected

Association/Amenities

  • HOA: No
  • Property Mgmt Company: Yes

Lot Info

  • Deed Page: 1551.00
  • Lot Acres: 0.06
  • Lot Dimensions: 33x82x33x83
  • Lot Sq Ft: 2744.00
  • Lot Water Features: None
  • Zoning: HD-R

Green Features

  • Green Bldg Features: None

Tax Info

  • Tax Identifier: R05405-030-013-000
  • Tax Year: 2024
  • Total Real Estate Property Taxes: 2482.11

Multi Family

  • Number Total Units: 2

MLS Schools

  • Elementary School: Snipes
  • High School: New Hanover
  • Middle School: Williston

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Sold $486,000 -1.8% $259 / Sq Ft
02/28/2025 02/28/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $495,000 +67.8% $264 / Sq Ft
10/28/2019 10/28/19 Sold $295,000 -1.6% $157 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $299,900 -- $160 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sherri Ingle

    Seller's Agent in 2025

    Sherri Ingle

    Intracoastal Realty Corp

    (910) 620-7178

    9 in this area

    1,126 Total Sales

    Sherri Ingle
    Section Image
  • Kraig Marquis

    Buyer's Agent in 2025

    Kraig Marquis

    Keller Williams Innovate-Wilmington

    (910) 231-7272

    1 in this area

    151 Total Sales

    Kraig Marquis
    Section Image
  • Rob Good

    Seller's Agent in 2019

    Rob Good

    BlueCoast Realty Corporation

    (910) 465-2345

    72 Total Sales

    Rob Good
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Ann Marie Good

    BlueCoast Realty Corporation

    (910) 509-0234

    1 in this area

    17 Total Sales

    Ann Marie Good
    Section Image

  • C

    Buyer's Agent in 2019

    Casey McKinney

    Intracoastal Realty Corp

    (919) 971-6124

    3 Total Sales

    Casey McKinney
    Section Image
See All Agents

Map

Source: Hive MLS

MLS Number: 100490546

Hive MLS

North Carolina New Hanover County Wilmington 28401 Old Wilmington

422 S 5th Ave Unit 1 And 2, Wilmington, NC

This home is located at 422 S 5th Ave Unit 1 And 2, Wilmington, NC 28401 and is currently priced at $486,000, approximately $259 per square foot. This property was built in 1903. 422 S 5th Ave Unit 1 And 2 is a home located in New Hanover County with nearby schools including Snipes Academy of Arts & Design, Williston Middle School, and New Hanover High School.

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Hive MLS 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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