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6-Unit Duplex Portfolio
For Sale
$2,249,000

4515 Greenway Avenue, Wilmington, NC 28403

Residential Income, Wilmington, NC

Property Size9,792 SF
Lot Size0.84 Acres
Price / SF$229.68
Days on Market63

Property Features for 4515 Greenway Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-5
Bedrooms 24
Bathrooms 18
Full bathrooms 12
Rooms Bedroom 1, Bathroom 9, Bedroom 9, Bedroom 18, Bathroom 3, Bathroom 13, Bathroom 5, Bedroom 23, Bedroom 13, Bedroom 6, Bedroom 19, Bedroom 2, Bedroom 5, Bedroom 22, Bathroom 8, Bathroom 14, Bedroom 8, Bedroom 15, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 12, Bedroom 21, Bathroom 1, Bedroom 14, Bathroom 10, Bedroom 12, Bathroom 7, Bathroom 16, Bedroom 17, Bathroom 18, Bathroom 6, Bathroom 4, Bathroom 17, Bedroom 11, Bathroom 15, Bedroom 24, Bedroom 20, Bathroom 11, Bedroom 16, Bedroom 10, Bathroom 2
Patio and Porch features Porch
Interior features Ceiling Fan(s)
Subdivision College Park
Elementary school College Park
Middle school Williston
High school New Hanover
Directions south on Kerr Ave from Merket St left on Kerr
Standard status Active
APN R04919-008-002-000
Size 9,792 SF
Lot size 0.84 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description :04919-008-002-000
Legal Description :04919-008-002-000

Utilities

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

Building Details

Year built 2022
Floors in Building 2
Number of units 4
Flooring type Lvt/lvp
Building materials Vinyl Siding, Wood Frame
Roof type Shingle
Listing Agency: Coastal Properties
Listed By: Mark C Reiser · License #268791
Added: Jun 23 Changed: Aug 20 Last Checked: Aug 24 at 1:06AM
MLS# 100583829

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 residential income portfolio comprises three duplexes totaling six units and 9,792 square feet. Built in 2022, the properties offer six four-bedroom, three-bathroom residences with floor plans designed for shared occupancy. Improvements include vinyl siding, wood-frame construction, LVT/LVP flooring, central air, electric heat pumps, porches, ceiling fans, and shingle roofs. Public water and water availability serve the properties, which are zoned R-5. Tenants pay utilities, and professional management systems are in place.

The portfolio includes 271 S Kerr Ave, 4507 Greenway Ave, and 4515 Greenway Avenue in Wilmington, near UNCW, Wrightsville Beach, shopping, dining, and Wilmington International Airport. Sale also includes an additional 0.84-acre parcel with possible future development, subject to buyer due diligence and municipal approvals. Capital improvements and updates have been completed across the properties, and rent rolls, income statements, surveys, floor plans, and other due diligence materials are available upon request.

Key Highlights

  • Three newer duplexes totaling 6 units
  • Six 4‑bedroom, 3‑bathroom units with shared‑occupancy floor plans
  • 9,792 square feet built in 2022

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Clothing & Fashion Store Travel Agency Daycare Center Nursing Home

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

881
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Modern shared-occupancy layouts, tenant-paid utilities, and professional management systems support this residential income property.
Where is this duplex located?
The property is located at 4515 Greenway Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Three newer duplexes totaling 6 units; Six 4‑bedroom, 3‑bathroom units with shared‑occupancy floor plans; 9,792 square feet built in 2022
More about this property
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