1. North Carolina
  2. Wilmington
  3. 1504 Orange Street
$539,000

1504 Orange Street, Wilmington, NC 28401

  • 3 beds |
  • 2 baths |
  • 1,288 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1923
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $418/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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!

Listing Status:
Active
Date Added:
March 22, 2025 at 05:00AM
Listing Office:
eXp Realty :
MLS ID:
100496102
  • General: Master DownstairsHigh CeilingsKitchen IslandApt/SuiteCeiling Fan(s)FurnishedWalk-in Shower
  • Appliances: Electric OvenBuilt-In MicrowaveWasherRefrigeratorDryerDishwasher
  • A/C: Central Air
  • Heating: ElectricHeat Pump

This listing courtesy of eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Annie H Snipes Academy of Arts & Design

2150 Chestnut St, Wilmington, NC, 28405

Grades KG-5

0.65 miles away

W

Williston Middle School

401 S 10th St, Wilmington, NC, 28401

Grades 6-8

0.43 miles away

J

John T Hoggard High School

4305 Shipyard Blvd, Wilmington, NC, 28403

Grades 9-12

3.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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