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Wilmington, NC 28401 509 Walnut Street

$349,000

509 Walnut Street Wilmington, NC - Image 1509 Walnut Street Wilmington, NC - Image 2509 Walnut Street Wilmington, NC - Image 3
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509 Walnut Street Wilmington, NC - Image 4509 Walnut Street Wilmington, NC - Image 5509 Walnut Street Wilmington, NC - Image 6509 Walnut Street Wilmington, NC - Image 7509 Walnut Street Wilmington, NC - Image 8509 Walnut Street Wilmington, NC - Image 9509 Walnut Street Wilmington, NC - Image 10509 Walnut Street Wilmington, NC - Image 11509 Walnut Street Wilmington, NC - Image 12
Presented By: Intracoastal Realty Corporation
  • MLS# 100565058
  • 04/05/2026
  • Request Tour
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  • Beds • 5
  • Baths • 2
  • SQFT • 1,792

Home Details

This prime real estate opportunity in Downtown Wilmington, NC features a duplex with 3 bedrooms and 1.5 bathrooms in one unit and 2 Bedroom and 1 bath in the other. . Located in a high-demand area, this property is ideal for investors seeking robust rental yields or owner-occupants looking to live in one unit while generating income from the other.
Presented By: Intracoastal Realty Corporation

Interior Features for 509 Walnut Street

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths2

Other Interior Features

SmokingYNNo
Air Conditioning Y/NYes
Attic FeaturesAccess Only
BasementNone
Basement (Y/N)No
Fireplace Y/NNo
FlooringLVT/LVP, Tile
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s)
Laundry FeaturesDryer Hookup, Washer Hookup
Total Stories2

Other Rooms

Room TypeDining Area

General for 509 Walnut Street

AppliancesElectric Oven, Refrigerator
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityWilmington
Construction MaterialsAluminum Siding, Wood Frame
CoolingWall/Window Unit(s)
CountyNew Hanover
DirectionsTraveling north on 4th st turn right onto Walnut, and the home is up a block on the left
Elementary SchoolSnipes
Garage Y/NNo
Gross Income28560.0
HOANo
HeatingBaseboard, Electric
High SchoolNew Hanover
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionWm 5 Wilmington Blk 222
LevelsTwo
Lot Size Square Feet3223.0
Lot Size UnitsAcres
Middle/Junior High SchoolWilliston
New ConstructionNo
Number Of Units Total2
Operating Expense3887.0
Parcel NumberR04813-034-018-000
Patio/Porch FeaturesCovered, Front Porch
PossessionSubject To Tenant Rights
Property Attached Y/NNo
Property SubtypeDuplex
Property TypeResidential Income
RoofShingle
Standard StatusActive
StatusActive
Structure TypeWood Frame
Subdivision NameRankin Place North
Tax Assessed Value326300
Tax Year2025
Taxes$1,920
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewSee Remarks
Year Built1920
ZoningHD-R

Exterior for 509 Walnut Street

Building Area Total1792
Crops Included Y/NNo
Exterior FinishAluminum Siding
FencingBack Yard
Foundation DetailsCrawl Space
Frontage TypeSee Remarks
Horse Y/NNo
Lot Dimensions66 x 49
Lot Size Acres0.07
Lot Size Area0.07
Parking FeaturesOn Street
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Williston Middle School
Elementary School Snipes Elementary School
High School New Hanover High School

Andrea Arth

Price $349,000
MLS#100565058
List Date 04/05/2026
Property Type Multi-Family
Phone 910.297.4245
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Request Info
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