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Corner-Lot Three-Unit Triplex
For Sale
$525,000

1920 Pender Ave, Wilmington, NC 28403

Main residence paired with a separate duplex/ADU, with all three units occupied by tenants.

Property Size1,137 SF
Price / SF$461.74
Days on Market14

Property Features for 1920 Pender Ave

General Information

Standard status Active
Size 1,137 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 3

Building Details

Year Built 1955
Listing Agency: Carolina One Properties Inc.
Listed By: Farra Andrews · License #342396
Source: Searchgreateraugustahomes
Added: Aug 8 Changed: Aug 20 Last Checked: Aug 21 at 8:43AM

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 Carolina One Properties Inc.

Investment Insights

Based on property information with market context.

This three-unit multifamily property combines a primary residence with a separate duplex/ADU on a corner lot. The configuration includes three residential units, each currently occupied by tenants, providing an established rental arrangement within one property. Built in 1955, the property is located at 1920 Pender Ave in Wilmington, North Carolina.

The Carolina Place setting provides access to Downtown Wilmington, along with nearby dining, shopping, entertainment, and local businesses. The property’s layout supports both a conventional multifamily ownership structure and an owner-occupant arrangement in which the main residence is used while the additional units remain income-producing.

Key Highlights

  • Three residential units on one property
  • Main residence plus separate duplex/ADU
  • All three units currently tenant occupied

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Dental Office Bakery (Bike/Boat/Book/etc) Store Accounting Firm Home Appliance Store

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

779
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
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Frequently Asked Questions

What type of property is this?
Triplex - Main residence paired with a separate duplex/ADU, with all three units occupied by tenants.
Where is this triplex located?
The property is located at 1920 Pender Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three residential units on one property; Main residence plus separate duplex/ADU; All three units currently tenant occupied
More about this property
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