416 N 5th Avenue, Wilmington, NC 28401 (MLS # 100526670)

Price $799,000
Status Active
Beds 6
Baths 4 Baths
Home size 2,600 sqft
Lot Size 6,099 sqft
Days on Market 2
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 Type(s): Multi Family
Last Updated 8/22/2025 Tract Not In Subdivision
Year Built 1920 County New Hanover

SCHOOLS

Elementary School Snipes
Jr. High School Williston
High School New Hanover

Additional Details

AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Oven, Gas Cooktop, Refrigerator
CONSTRUCTION Wood Siding
HEAT Electric, Forced Air, Heat Pump
INTERIOR Ceiling Fan(s), Master Downstairs
LOT 6098 sq ft
LOT DIMENSIONS 64 x 96
PARKING Gravel, Off Street
STORIES 2
SUBDIVISION Not In Subdivision

Location

 

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