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Modern Two-Unit Duplex
For Sale
$835,000

808 N 5th Avenue, Wilmington, NC 28401

Renovated duplex with one furnished unit, generous off-street parking, and a large backyard near downtown amenities.

Property Size2,455 SF
Price / SF$340.12
Days on Market186

Property Features for 808 N 5th Avenue

General Information

Standard status Active
Size 2,455 SF
Property subtype Multi-Family
Zoning r-3

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Amenities

Charleston-Style Porch
full laundry room
big backyard
LVT/LVP,Wood
Dining Area
No
Yes
4
Partially
2
6
Master Downstairs,High Ceilings,Ceiling Fan(s),Pantry
See Remarks
0.12
0.0
Irr
Vinyl Siding
See Remarks,Off Street
Paved
Slab
City Street,State Road,Paved
2455.0

Building Details

Year Built 2002
Buildings 1
Stories 2
Listing Agency: INNOVATE Real Estate
Listed By: Nancy Thornock
Source: Baystreetrealtygroup
Added: Apr 1 Changed: Oct 1 Last Checked: Oct 2 at 5:19PM

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 INNOVATE Real Estate

Investment Insights

Based on property information with market context.

Built in 2002 as a purpose-designed duplex, this 2,455-square-foot property contains two residences, each offering 3 bedrooms and 2 bathrooms. Both units feature open layouts, bedroom suites with baths and walk-in closets, hardwood and LVP flooring, full laundry rooms, and no carpet. Recent improvements include updated kitchens with quartz countertops, refreshed bathrooms, new lighting, refinished hardwood floors, and updated appliances. Unit #1 is furnished and configured for immediate short-term rental use, while Unit #2 has an active tenant.

The property is located in Wilmington’s Brooklyn Arts District at 808 N 5th Ave, within walking distance of the Live Oak amphitheater, downtown restaurants, concert venues, the Riverwalk, Cape Fear Community College, parks, marinas, breweries, and the social district. Exterior features include a large Charleston-style porch, substantial off-street parking, a spacious backyard, and potential for a detached garage.

Key Highlights

  • 2,455 SF duplex built in 2002
  • Two units, each with 3 bedrooms and 2 bathrooms
  • Unit #1 is fully furnished and set up for short‑term rental use

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

411
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
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
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated duplex with one furnished unit, generous off-street parking, and a large backyard near downtown amenities.
Where is this duplex located?
The property is located at 808 N 5th Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 2,455 SF duplex built in 2002; Two units, each with 3 bedrooms and 2 bathrooms; Unit #1 is fully furnished and set up for short‑term rental use
More about this property
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