Duplex with Two Separate
For Sale
Under Contract
$322,000
509 Walnut Street, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property Size1,792 SF
Lot Size0.07 Acres
Price / SF$179.69
Days on Market117
Property Features for 509 Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
HD-R
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
On Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Appliances
Electric Oven, Refrigerator
Subdivision
Rankin Place North
Elementary school
Snipes
Middle school
Williston
High school
New Hanover
Directions
Traveling north on 4th st turn right onto Walnut, and the home is up a block on the left
Standard status
Active Under Contract
APN
R04813-034-018-000
Size
1,792 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Wm 5 Wilmington Blk 222
Tax Annual Amount
1920
Legal Description
Wm 5 Wilmington Blk 222
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Lvt/lvp, Tile
Building materials
Aluminum Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Intracoastal Realty Corporation
(910) 256-4503
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Added: Apr 5
Changed: Jul 27
Last Checked: Jul 30 at 10:06PM
MLS# 100565058
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 duplex offers two separate residential units, with Unit 1 featuring three bedrooms and 1.5 bathrooms and Unit 2 featuring two bedrooms and one bathroom. The property is listed as a residential income duplex and is sized at 1,792 square feet total.
The property is located at 509 Walnut Street in Wilmington, North Carolina, in New Hanover County. Zoning is shown as HD-R.
At 0.074 acres, the building provides a compact multi-unit configuration suited to buyers evaluating a live-in-and-rent or fully investment-focused strategy based on the unit mix provided.
The property is located at 509 Walnut Street in Wilmington, North Carolina, in New Hanover County. Zoning is shown as HD-R.
At 0.074 acres, the building provides a compact multi-unit configuration suited to buyers evaluating a live-in-and-rent or fully investment-focused strategy based on the unit mix provided.
Key Highlights
- Duplex with one unit offering 3 bedrooms and 1.5 bathrooms and a second unit offering 2 bedrooms and 1 bathroom
- Public water supply; roof is shingle
- Heating includes electric (heating) and baseboard; cooling includes window/wall unit(s)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,392
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale featuring two units: one 3-bedroom/1.5-bath and one 2-bedroom/1-bath layout.
Where is this duplex located?
The property is located at 509 Walnut Street Wilmington, NC.
What is the asking price?
The asking price for this property is $322,000.
What are key features of this property?
This property features: Duplex with one unit offering 3 bedrooms and 1.5 bathrooms and a second unit offering 2 bedrooms and 1 bathroom; Public water supply; roof is shingle; Heating includes electric (heating) and baseboard; cooling includes window/wall unit(s)
