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    5018 Oleander Dr, Unit 48 Wilmington, NC 28403

    For Sale
    $979,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    3,808 SF
    Lot size:
    0.46 Acres
    Days on Market:
    151
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 5018 Oleander Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    ROD
    APN
    R06108-009-001-000
    Parking features
    Paved or Surfaced, Driveway
    Size
    3,808 SF
    Lot size
    0.46 Acres

    Utilities

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

    Building Details

    Year built
    1954
    Flooring type
    Tile, Wood
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Intracoastal Realty Corp (800) 533-1840

    Listing agent Lisa W Wayne (910) 256-4503 License #193183

    Listing date Jul 8, 2025

    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

    Midtown Wilmington Mixed-Use Opportunity

    Located in Midtown Wilmington, this commercial mixed-use property features two buildings totaling approximately 3,900 square feet (3579 SF Heated and 347 SF enclosed) on nearly half an acre along Oleander Drive. The property is positioned within the RO (Residential Office) zoning district, allowing for a range of residential and commercial uses, making it suitable for entrepreneurs, investors, or those seeking a live/work environment. The buildings have been recently renovated and feature a flexible floor plan that can adapt to various business or residential needs. The layout and improvements provide potential for office space, a small professional practice, creative studio, or a combination of uses. The property includes a store front, design studio and a one-bedroom apartment. Currently owner-occupied, this property offers a unique opportunity for owner-users or as a turnkey investment in one of Wilmington's most central and accessible locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shop of Seagate Furniture Store Classic Designs of Wilmington Interior Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -77.872595
    Latitude
    34.208444

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial mixed-use property in Midtown Wilmington with flexible floor plan.
    Where is this mixed-use property located?
    The property is located at 5018 Oleander Dr, Unit 48 Wilmington, NC.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: - High-visibility location on Oleander Drive in Midtown Wilmington.; - RO (Residential Office) zoning allows for diverse residential and commercial uses.; - Recently renovated buildings totaling approximately 3,900 square feet.
    (910) 256-4503
    Request Owner's contact information
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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
    5018 Oleander Dr, Unit 48 Wilmington, NC 28403
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