Turnkey Duplex Investment
1504 Orange Street, Wilmington, NC 28401
Permitted duplex in Wilmington, ideal for investors or flexible living.
Type:Multi Family
- Added:
- Mar 23, 2025
- Days on Market:
- 435
- Last Refresh:
- May 28 at 3:02 am
Property Features for 1504 Orange Street
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing agent Aspyre Realty Group (910) 241-0404
Listing office eXp Realty (910) 241-0404
Listing date Mar 23, 2025
Source Exitrealty
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 eXp Realty
HighLights
- Turnkey duplex‑style property with proven rental income of $40,000 in the last 12 months.
- Includes a main house (2 bed, 1 bath) and an attached studio with a private entrance, full kitchen, and bath.
- Fully furnished and ready for immediate occupancy and income generation.
- Recent updates include HVAC modifications, new mini‑split in studio, sealed crawl space with dehumidifier, Foamax insulation, and sewer line replacement.
- Located in a highly walkable area near the Cargo District and Castle Street's arts and dining scene.
- Certificate of occupancy post‑renovation ensures compliance and immediate rental readiness.
Overview
This permitted duplex-style property presents a turnkey investment opportunity in Wilmington. The main house includes two bedrooms, one bath, and a new kitchen equipped with a washer/dryer, fridge, stove, and dishwasher. An attached studio, featuring a private entrance, provides a full kitchen and bath, suitable for rental income or a guest suite. The property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, a sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. A certificate of occupancy post-renovation indicates the property is ready to generate income. Situated in a walkable area, the home is near Wilmington's Cargo District, a creative hub with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It is also a short walk to Castle Street's arts and dining scene, featuring vintage shops, local galleries, and restaurants. Easy access to downtown, the Riverwalk, and area beaches enhances its appeal for residents and renters.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.929596
- Latitude
- 34.234146
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Permitted duplex in Wilmington, ideal for investors or flexible living.
Where is this duplex located?
The property is located at 1504 Orange Street Wilmington, NC.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Turnkey duplex‑style property with proven rental income of $40,000 in the last 12 months.; Includes a main house (2 bed, 1 bath) and an attached studio with a private entrance, full kitchen, and bath.; Fully furnished and ready for immediate occupancy and income generation.
