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    2940 Oleander Dr, Unit F5 Wilmington, NC 28403

    For Sale
    $180,000

    Two-bedroom, one-bath condo in a desirable, walkable midtown location.

    Property size:
    943 SF

    Property Features for 2940 Oleander Dr

    General Information

    Size
    943 SF

    Building Details

    Year built
    1951

    Source: KW Innovate Agent Michelle Powell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midtown Condo with Greenspace View

    This first-floor, two-bedroom, one-bath condo is located in midtown, offering access to an established neighborhood suitable for strolling. The unit benefits from an ideal complex location, buffered from Oleander Drive by two other buildings and backing onto greenspace. Constructed in 1951, the property features traditional elements and durable materials. High-quality materials are evident in the original wood kitchen cabinets, plaster walls, tiled bathroom, and old-growth solid oak floors, which have maintained their integrity. Cosmetic improvements are recommended. A combination washer/dryer unit is included. The property will convey in its current condition. Short-term rentals are subject to HOA approval. The property size is 943 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9104821
    Latitude
    34.2185217

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    FAQs

    What type of property is this?
    Apartment building - Two-bedroom, one-bath condo in a desirable, walkable midtown location.
    Where is this apartment building located?
    The property is located at 2940 Oleander Dr, Unit F5 Wilmington, NC.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - First floor, 2 bedroom condo in desirable midtown location.; - Backs to greenspace and buffered from main road.; - Original solid oak floors and high-quality materials throughout.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2940 Oleander Dr, Unit F5 Wilmington, NC 28403
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