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Tenant-Occupied Triplex
For Sale
$519,000

1920 Pender Avenue, Wilmington, NC 28403

Residential Income, Wilmington, NC

Property Size1,137 SF
Lot Size0.08 Acres
Price / SF$456.46
Days on Market51

Property Features for 1920 Pender Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-5
Bedrooms 2
Bathrooms 2
Full bathrooms 4
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Parking features On Street
Patio and Porch features Porch
Interior features High Ceilings
Fireplace 1
Subdivision Carolina Place
Lot features Corner Lot
Elementary school Forest Hills
Middle school Williston
High school Hoggard
Directions From Market St, turn left on S 21st street, turn right on Pender Ave, then turn left on S 20th St.
Standard status Active
APN R04819-031-001-000
Size 1,137 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 6 BLK 18 CAROLINA PLACE
Tax Annual Amount 3202
Legal Description LOT 6 BLK 18 CAROLINA PLACE

Utilities

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

Building Details

Year built 1955
Floors in Building 1
Number of units 3
Building materials Wood Siding, Wood Frame
Roof type Shingle
Listing Agency: Carolina One Properties Inc.
Listed By: Farra Andrews · License #342396
Added: Aug 8 Changed: Sep 25 Last Checked: Sep 27 at 2:06PM
MLS# 100594900

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 triplex combines a primary residence with a separate duplex/ADU, creating three residential units on one property. All units are currently tenant occupied and generating rental income. The 1,137-square-foot property was built in 1955 and includes wood siding, wood-frame construction, high ceilings, central air, electric heat, a heat pump, a shingle roof, and a porch. A fireplace is also present.

Located at 1920 Pender Avenue in Wilmington, the property sits on a 0.08-acre corner lot within the R-5 zoning district. Public water is available, and parking is provided on the street. The property is near Downtown Wilmington and the dining, shopping, and entertainment options identified in the surrounding area.

Key Highlights

  • Three residential units: a main residence plus a separate duplex/ADU
  • All three units are currently tenant occupied and generating rental income
  • 0.08‑acre corner lot at 1920 Pender Avenue, Wilmington, NC 28403

Property Analytics

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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

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
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?
Triplex - Three residential units occupy a corner-lot property with a main residence and separate duplex/ADU.
Where is this triplex located?
The property is located at 1920 Pender Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Three residential units: a main residence plus a separate duplex/ADU; All three units are currently tenant occupied and generating rental income; 0.08‑acre corner lot at 1920 Pender Avenue, Wilmington, NC 28403
More about this property
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