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Separately Metered Duplex Near Riverfront
For Sale
$625,000

714 S 5th Ave, Wilmington, NC 28401

Two-unit property with private entrances, off-street parking, and distinct bedroom configurations.

Property SizeContact for details
Days on Market214

Property Features for 714 S 5th Ave

General Information

Standard status Active
Property subtype Residential Income
Listing Agency: REAL Broker LLC
Listed By: Pinpoint Properties
Source: Exprealty
Added: Jan 29 Changed: Aug 30 Last Checked: Aug 30 at 1:53PM

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 REAL Broker LLC

Investment Insights

Based on property information with market context.

This well-maintained duplex contains two separately entered residences with independent electric metering. The lower unit offers 2 bedrooms, 1.5 baths, hardwood flooring, and a tiled kitchen opening to a private rear deck. The upper apartment includes 1 bedroom, 1 bath, abundant natural light, and hardwood floors throughout.

A shared driveway provides off-street parking, with additional street parking available in front. The property is five blocks from Wilmington’s Historic Riverfront and one block from the Castle Street Arts District, placing dining, shops, and the Riverwalk within the surrounding downtown area.

Key Highlights

  • Separate electric meters and private entrances for both units
  • Lower residence includes 2 bedrooms, 1.5 baths, hardwood floors, and a private back deck
  • Upper apartment offers 1 bedroom, 1 bath, and hardwood flooring throughout

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,061
Businesses Nearby

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

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?
Duplex - Two-unit property with private entrances, off-street parking, and distinct bedroom configurations.
Where is this duplex located?
The property is located at 714 S 5th Ave Wilmington, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Separate electric meters and private entrances for both units; Lower residence includes 2 bedrooms, 1.5 baths, hardwood floors, and a private back deck; Upper apartment offers 1 bedroom, 1 bath, and hardwood flooring throughout
More about this property
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