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Two-Unit Furnished Short-Term Rental Property
For Sale
$948,000

102 S 2nd Street, Wilmington, NC 28401

Commercial Sale, Wilmington, NC

Property Size754 SF
Price / SF$1,257
Days on Market115

Property Features for 102 S 2nd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning CBD
Parking features Driveway
Subdivision Not In Subdivision
Directions Market Street to downtown Wilmington, left on 3rd Street. Proceed to take right on Dock then left on 2nd Street. The Tarrymore is on your right.
Standard status Active
APN R05405-001-002-008
Size 754 SF

Taxes and HOA fees

Tax Year 2025
Tax Description Unit 215 Tarrymore Condominiums, Unit 218 Tarrymore Condominiums, both Child of Split from R0540-001-002-000
Tax Annual Amount 1091
HOA Fee $11,242 Annually
Legal Description Unit 215 Tarrymore Condominiums, Unit 218 Tarrymore Condominiums, both Child of Split from R0540-001-002-000

Utilities

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

Amenities

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

Building Details

Year built 1988
Flooring type Lvt/lvp
Building materials Brick, Stone
Roof type Shingle
Listing Agency: Miller and Hooks Realty LLC
Listed By: Megan L Miller · License #339660
Added: May 30 Changed: Sep 12 Last Checked: Sep 21 at 11:06PM
MLS# 100577892

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 offering combines two separate condominium units in Tarrymore Condominiums: Unit 215 measures 754 square feet and Unit 218 measures 816 square feet. Each has two bedrooms and two bathrooms, with open-concept interiors, luxury LVP flooring, stainless steel appliances, updated bathrooms, modern lighting, and ceiling fans. Both units are sold furnished and stocked, with future bookings already in place. Access is by stairs to the second floor, with no elevator.

The property is zoned CBD and includes a shared outdoor area, on-site laundry, and a storage room containing supplies for short-term rental operations. Its downtown Wilmington setting places the units near the Riverwalk, restaurants, coffee shops, boutiques, breweries, live music, and entertainment. The Cape Fear River, Live Oak Bank Pavilion, and historic attractions are nearby, while Wrightsville Beach is a short drive away.

Key Highlights

  • Two‑unit package with Unit 215 at 754 SF and Unit 218 at 816 SF
  • Each unit includes 2 bedrooms and 2 baths
  • Furnished interiors with future bookings already in place

Property Analytics

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Current Use

Tarantelli's Restaurant Fit For Five Gym & Fitness Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Veterinary Clinic 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - Two updated furnished units support short-term rental use with open layouts and access to shared common amenities.
Where is this short term rental property located?
The property is located at 102 S 2nd Street 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‑unit package with Unit 215 at 754 SF and Unit 218 at 816 SF; Each unit includes 2 bedrooms and 2 baths; Furnished interiors with future bookings already in place
More about this property
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