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    305 Macmillan Ave N Wilmington, NC 28403

    Sponsored
    For Sale
    $689,990

    MULTI_FAMILY - Wilmington, NC

    Property size:
    2,782 SF
    Lot size:
    0.41 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 305 Macmillan Ave N

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-10
    Rooms
    Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 6
    Bedrooms
    6
    Bathrooms
    6
    APN
    R05519-007-014-000
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s)
    Fencing
    Chain Link
    Size
    2,782 SF
    Lot size
    0.41 Acres

    Utilities

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

    Building Details

    Year built
    1917
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Carolina One Properties Inc. (910) 679-6565

    Listing agent Gillespie Group (910) 679-6565

    Listing date Jan 2, 2026

    MLS# 100546999 Listing URL

    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.

    Overview

    Renovated Multifamily Investment Property

    This two-unit investment property is located in a high-demand rental area of Wilmington, North Carolina. The property is situated within two miles of the University of North Carolina Wilmington, 10 minutes from Wrightsville Beach and Mayfaire, and less than 15 minutes from downtown Wilmington. The property is currently leased through August 2026, generating a total gross monthly income of $4,800. One unit is renewing for an additional year at an increased rental rate, and the second unit is actively listed for rent. Each unit includes three bedrooms and three full bathrooms. The property has ample gravel parking and additional green space at the rear of the lot. The lot size is 0.41 acres and the property size is 2782 square feet. The property is zoned R-10. The property is professionally managed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply 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
    -77.881914
    Latitude
    34.215251

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with strong income in a prime Wilmington location.
    Where is this duplex located?
    The property is located at 305 Macmillan Ave N Wilmington, NC.
    What is the asking price?
    The asking price for this property is $689,990.
    What are key features of this property?
    This property features: - Fully leased through August 2026 with a total gross monthly income of $4,800, providing immediate cash flow.; - Prime location near the University of North Carolina Wilmington, Wrightsville Beach, Mayfaire, and downtown Wilmington.; - Fully renovated two-unit property with modern updates and long-term rental appeal.
    (910) 620-4380
    Request Owner's contact information
    305 Macmillan Ave N Wilmington, NC 28403
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    Wilmington, NC 28403
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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
    305 Macmillan Ave N Wilmington, NC 28403
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