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Furnished Short-Term Rental Package
For Sale
$948,000

102 S 2nd Street Unit 215 & Unit 218, Wilmington, NC 28401

Two updated, fully furnished condominium units support immediate short-term rental operations in downtown Wilmington.

Property Size754 SF
Price / SF$1,257
Days on Market17

Property Features for 102 S 2nd Street Unit 215 & Unit 218

General Information

Standard status Active
Size 754 SF
Elevators No

Units

Unit Mix 2 x 2BR/2BA
Multifamily Units 2

Additional Details

Furnished Yes

Amenities

shared outdoor common area
on-site laundry facilities
additional storage room

Building Details

Year Built 1988
Listing Agency: Miller and Hooks Realty LLC
Listed By: Megan L Miller · License #339660
Source: Pinpointnc
Added: Aug 13 Changed: Aug 28 Last Checked: Aug 29 at 11:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller and Hooks Realty LLC

Investment Insights

Based on property information with market context.

This offering combines two separate second-floor condominium units at Tarrymore Condominiums: Unit 215 measures 754 square feet and Unit 218 measures 816 square feet. Each residence includes two bedrooms and two bathrooms, with open living areas, luxury LVP flooring, stainless steel appliances, updated bathrooms, contemporary lighting, and ceiling fans. Both units convey furnished and stocked, with access by stairs rather than an elevator.

Shared property features include an outdoor common area, on-site laundry, and a storage room containing supplies for short-term rental operations. The units are positioned in historic downtown Wilmington near the Riverwalk, coffee shops, restaurants, boutiques, breweries, live entertainment, Live Oak Bank Pavilion, the Cape Fear River, and historic attractions. Wrightsville Beach is within a short drive. Future bookings are already in place, according to the property information.

Key Highlights

  • Two separate units: Unit 215 at 754 SF and Unit 218 at 816 SF
  • Each unit offers a 2‑bedroom, 2‑bathroom layout
  • Fully furnished and stocked for short‑term rental operations

Property Analytics

Current Use

Tarantelli's Restaurant Fit For Five Gym & Fitness Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Garden Center Butcher Florist

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,461
Businesses Nearby

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - Two updated, fully furnished condominium units support immediate short-term rental operations in downtown Wilmington.
Where is this short term rental property located?
The property is located at 102 S 2nd Street Unit 215 & Unit 218 Wilmington, NC.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Two separate units: Unit 215 at 754 SF and Unit 218 at 816 SF; Each unit offers a 2‑bedroom, 2‑bathroom layout; Fully furnished and stocked for short‑term rental operations
More about this property
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