1504 Orange Street, Wilmington, NC 28401
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyle Property Partners
Listed by:aspyre realty group
Office:exp realty
MLS#:100496102
Source:NC_CCAR
Price summary
- Price:$539,000
- Price per sq. ft.:$418.48
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!
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Home facts
- Year built:1923
- Listing Id #:100496102
- Added:145 day(s) ago
- Updated:August 14, 2025 at 10:14 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,288 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump, Heating
Structure and exterior
- Roof:Architectural Shingle
- Year built:1923
- Building area:1,288 sq. ft.
- Lot area:0.1 Acres
Schools
- High school:Hoggard
- Middle school:Williston
- Elementary school:Snipes
Utilities
- Water:Municipal Water Available
Finances and disclosures
- Price:$539,000
- Price per sq. ft.:$418.48
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