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    223 S 5Th Ave Wilmington, NC 28401

    New
    For Sale
    $1,050,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    3,548 SF
    Lot size:
    0.07 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 223 S 5Th Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    HD-R
    Rooms
    Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    R05405-013-006-000
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    Master Downstairs, High Ceilings, Wash/Dry Connect, Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower
    Exterior features
    Balcony
    Appliances
    Vented Exhaust Fan, Electric Oven, Electric Cooktop, Refrigerator, Disposal, Dishwasher
    Size
    3,548 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1903
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood, Tile
    Building materials
    Brick, Wood Siding
    Roof type
    Shingle

    Prosper Real Estate (910) 352-7957

    Listing agent Reidi Troy (910) 352-7957 License #349786

    Listing date Dec 2, 2025

    MLS# 100537963 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Wilmington Duplex Opportunity

    This 122-year-old duplex, reimagined from its 1903 structure, embodies the historic spirit of Wilmington. Situated in the heart of the Historic District, it offers flexible living arrangements. The property is located minutes from the Riverwalk, dining, entertainment, and waterfront views. It is positioned for those who value walkability and opportunity. The property offers options to live in one unit and rent the other, rent out both units, or use the entire home as a single residence. Each unit features living and dining spaces, three bedrooms, and two tiled baths. Original hardwoods are present throughout, complemented by 9-foot ceilings, crown molding, and paint tones. Ten fireplaces anchor each space, and glimpses of exposed brick reveal the craftsmanship. An unfinished basement offers potential for additional living, storage, or a shared entertainment space. Generous porches, low-maintenance landscaping, and a permanently staired attic complete the layout. The property size is 3548 square feet, situated on a 0.07-acre lot. After decades without residents, this home is ready to begin its next chapter in one of Wilmington's neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.942599
    Latitude
    34.232168

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    FAQs

    What type of property is this?
    Duplex - Historic duplex in Wilmington's Historic District, flexible living options.
    Where is this duplex located?
    The property is located at 223 S 5Th Ave Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Wilmington's Historic District, minutes from the Riverwalk, dining, and entertainment.; - Flexible living options: live in one unit and rent the other, rent out both, or use as a single-family home.; - Each unit features **3 bedrooms, 2 tiled baths, and grand living/dining spaces.**
    (910) 352-7957
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    Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 S 5Th Ave Wilmington, NC 28401
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