Explore a unique investment opportunity in historic Wilmington mid-19th century properties. Nestled in the prime downtown district of one of the city's top 10 high-appreciating neighborhoods, these iconic buildings offer a blend of vintage charm and modern potential. This multifamily building is part of portfolio consisting of Mixed use Multifamily building as well listed separately promises a lucrative venture in a thriving location, combining history with strategic commercial opportunities. -Located in well-established neighborhoods within Downtown Wilmington - Close proximity to the lively Cape Fear River, attracting a steady flow of tourists -Convenient access to major business corridors, including Hwy 17 and Hwy 74 - Situated in the Historic Districts, offering a unique and historically rich investment opportunity -Corner lot property provides an opportunity for land redevelopment for alternative uses. 1-Unit in each Property is left vacant for Owner Occupancy or for potential Airbnb/Rentals. - Two properties in the portfolio comprising a total of 8 residential units and 2 commercial unit(combined into 1) PROPERTIES ARE SOLD TOGETHER see 317 Castle St listing for other property
Sold for $755,000
$755,000
2617 Market St, Wilmington, NC 28403
5beds
4,406sqft
Apartment, Multi Family
Built in 1965
-- sqft lot
$795,700 Zestimate®
$171/sqft
$1,544 Estimated rent
Home value
$795,700
$716,000 - $875,000
$1,544/mo
Zestimate® history
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$4,331/mo
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$4,331/mo
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Zillow last checked:
Listing updated:
Listed by:
Traci Hall 919-626-8019,
REIT Place, llc
Bought with:
Non Member
Non Member Office
Source: Doorify MLS,MLS#: 10008535
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Electric, Forced Air, Separate Meters
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Washer/Dryer, Washer/Dryer Stacked
- Laundry: In Kitchen
Features
- Apartment/Suite, Bathtub/Shower Combination, Ceiling Fan(s), Granite Counters, Laminate Counters, Living/Dining Room Combination
- Flooring: Hardwood, Laminate
- Number of fireplaces: 2
- Fireplace features: Decorative
Interior area
- Total structure area: 4,406
- Total interior livable area: 4,406 sqft
- Finished area above ground: 4,406
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: On Street, Unassigned
- Uncovered spaces: 3
Accessibility
- Accessibility features: Accessible Bedroom, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Full Bath, Accessible Kitchen, Central Living Area
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
Lot
- Size: 0.37 Acres
- Features: City Lot
Details
- Additional structures: None
- Parcel number: R04820005005000
- Zoning: R 10
- Special conditions: Seller Licensed Real Estate Professional
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Apartment, Multi Family
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Community
- Subdivision: Not in a Subdivision
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $786,700
- Annual tax amount: $4,773
- Date on market: 2/9/2024
- Lease term: 12 Months
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listing removed | $950,000+25.8%$216/sqft |
Source:  Hive MLS #100350588 Report a problem | ||
| 7/26/2024 | Sold | $755,000-5.5%$171/sqft |
Source:  Doorify MLS #10008535 Report a problem | ||
| 6/8/2024 | Pending sale | $799,000$181/sqft |
Source: Doorify MLS #10008535 Report a problem | ||
| 6/1/2024 | Contingent | $799,000$181/sqft |
Source: Doorify MLS #10008535 Report a problem | ||
| 4/6/2024 | Price change | $799,000-11.1%$181/sqft |
Source: Doorify MLS #10008535 Report a problem | ||
| 1/31/2024 | Listed for sale | $899,000-5.4%$204/sqft |
Source: Doorify MLS #10008535 Report a problem | ||
| 12/28/2022 | Listing removed | -- |
Source: Hive MLS #100350588 Report a problem | ||
| 9/24/2022 | Listed for sale | $950,000+73.7%$216/sqft |
Source: Hive MLS #100350588 Report a problem | ||
| 1/15/2021 | Sold | $547,000-5.5%$124/sqft |
Source: Public Record Report a problem | ||
| 3/2/2020 | Listing removed | $579,000$131/sqft |
Source: Spot Real Estate, LLC #100187137 Report a problem | ||
| 10/3/2019 | Listed for sale | $579,000$131/sqft |
Source: Coastal ERA #100187137 Report a problem | ||
| 8/27/2019 | Listing removed | $579,000$131/sqft |
Source: Coastal Green Properties, Inc. #100173688 Report a problem | ||
| 7/3/2019 | Price change | $579,000-1.9%$131/sqft |
Source: Coastal Green Properties, Inc. #100173688 Report a problem | ||
| 11/3/2018 | Listed for sale | $590,000+16.8%$134/sqft |
Source: River Town Realty Group #100138997 Report a problem | ||
| 6/20/2017 | Sold | $505,000-8.2%$115/sqft |
Source: Hive MLS #100047499 Report a problem | ||
| 5/2/2017 | Pending sale | $550,000$125/sqft |
Source: Wilmington #100047499 Report a problem | ||
| 2/11/2017 | Listed for sale | $550,000+2.8%$125/sqft |
Source: Keller Williams Realty #100047499 Report a problem | ||
| 10/27/2016 | Listing removed | $535,000$121/sqft |
Source: Coldwell Banker Sea Coast Advantage #100013172 Report a problem | ||
| 8/25/2016 | Price change | $535,000-10.5%$121/sqft |
Source: Coldwell Banker Sea Coast Advantage #100013172 Report a problem | ||
| 5/19/2016 | Listed for sale | $598,000+35.6%$136/sqft |
Source: Coldwell Banker Sea Coast Advantage #100013172 Report a problem | ||
| 7/20/2005 | Sold | $441,000+10%$100/sqft |
Source: Public Record Report a problem | ||
| 3/3/2005 | Sold | $401,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,630 -5.8% | $786,700 +39.3% |
| 2024 | $4,915 +3% | $564,900 |
| 2023 | $4,773 -0.6% | $564,900 |
| 2022 | $4,802 +4.4% | $564,900 +5.1% |
| 2021 | $4,599 +35.7% | $537,400 +67% |
| 2020 | $3,390 | $321,800 |
| 2019 | $3,390 | $321,800 |
| 2018 | $3,390 | $321,800 |
| 2017 | $3,390 +6.5% | $321,800 +12% |
| 2016 | $3,182 +4.6% | $287,200 |
| 2015 | $3,041 +4.4% | $287,200 |
| 2014 | $2,912 | $287,200 |
| 2013 | -- | $287,200 |
| 2012 | -- | $287,200 -17.7% |
| 2011 | -- | $348,764 |
| 2010 | -- | $348,764 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $233,974 |
| 2004 | -- | $233,974 |
| 2003 | -- | $233,974 |
| 2002 | -- | $233,974 |
| 2001 | -- | $233,974 |
| 2000 | -- | $233,974 |
Find assessor info on the county website
Neighborhood: Chestnut Height/Princess Place
Nearby homes
- $--2 bd1 ba900 sqft2617 Market St APT 4, Wilmington, NC 28403Off Market
- $--2 bd2 ba930 sqft2617 Market St APT 1, Wilmington, NC 28403Off Market
- $--1 bd1 ba670 sqft2617 Market St APT 5, Wilmington, NC 28403Off Market
- $--1 bd1 ba350 sqft2617 Market St APT 3, Wilmington, NC 28403Off Market
- $240,0002 bd1 ba1.6k sqft7 Barnard Dr, Wilmington, NC 28405Sold
- $240,0003 bd2 ba1.6k sqft7 Barnard Dr #0, Wilmington, NC 28405Sold
- $517,9004 bd4 ba2.1k sqft2701 Market St, Wilmington, NC 28403Off Market
- $379,0003 bd1 ba1.3k sqft9 Barnard Dr, Wilmington, NC 28405Off Market
Nearby schools
GreatSchools rating
- 3/10Rachel Freeman ElementaryGrades: K-5Distance: 0.4 mi
- 8/10Holly Shelter Middle SchoolGrades: 6-8Distance: 7.8 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: New Hanover County Schools
- Middle: New Hanover County Schools
- High: New Hanover County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$795,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$795,700
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