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Corner-Lot Triplex with Duplex ADU
For Sale
$525,000

1920 Pender Avenue, Wilmington, NC 28403

Residential Income, Wilmington, NC

Property Size1,137 SF
Lot Size0.08 Acres
Price / SF$461.74
Days on Market15

Property Features for 1920 Pender Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-5
Bedrooms 2
Bathrooms 2
Full bathrooms 4
Rooms Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1
Parking features On Street
Patio and Porch features Porch
Interior features High Ceilings
Fireplace 1
Subdivision Carolina Place
Lot features Corner Lot
Elementary school Forest Hills
Middle school Williston
High school Hoggard
Directions From Market St, turn left on S 21st street, turn right on Pender Ave, then turn left on S 20th St.
Standard status Active
APN R04819-031-001-000
Size 1,137 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 6 BLK 18 CAROLINA PLACE
Tax Annual Amount 3202
Legal Description LOT 6 BLK 18 CAROLINA PLACE

Utilities

Utilities Water Available
Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1955
Floors in Building 1
Number of units 3
Building materials Wood Siding, Wood Frame
Roof type Shingle
Listing Agency: Carolina One Properties Inc.
Listed By: Farra Andrews · License #342396
Added: Aug 8 Changed: Aug 19 Last Checked: Aug 22 at 12:06AM
MLS# 100594900

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex at 1920 Pender Avenue includes a primary residence and a detached duplex/ADU, creating three separate residential units on one 0.08-acre parcel. All three units are tenant occupied, and the property measures 1,137 square feet. Built in 1955, the improvements feature wood-frame construction with wood siding, shingle roofing, central air, heat-pump and electric heating, high ceilings, porches, and a fireplace. On-street parking is provided, with public water and water available to the property.

The property is located in Wilmington, NC, near Downtown Wilmington and within the Carolina Place neighborhood. Zoning is R-5, and the site sits on Pender Avenue in New Hanover County. Its three-unit configuration supports both an investment-oriented ownership strategy and an owner-occupant arrangement with additional rental units.

Key Highlights

  • Three residential units: a primary residence plus a separate duplex/ADU
  • All three units are currently tenant occupied
  • 0.08‑acre corner lot at 1920 Pender Avenue

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Dental Office Bakery (Bike/Boat/Book/etc) Store Accounting Firm Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

779
Businesses Nearby

Demographics for 28403, NC

38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three occupied units combine a primary residence with a separate duplex/ADU on a corner lot.
Where is this triplex located?
The property is located at 1920 Pender Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three residential units: a primary residence plus a separate duplex/ADU; All three units are currently tenant occupied; 0.08‑acre corner lot at 1920 Pender Avenue
More about this property
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