Attention investors and house-hackers! Welcome to 2825 & 2827 Penn Street, a highly desirable side-by-side duplex located in the heart of Wilmington, NC. This rare, low-maintenance income property features two distinct units, making it the perfect addition to any real estate portfolio or an ideal opportunity to live in one side and rent out the other.
Each unit boasts a functional layout with classic hardwood flooring, separate utility meters, and a spacious shared yard. Situated in a quiet, established neighborhood with no HOA restrictions, this property offers incredible ease of management and maximum rental flexibility.
Enjoy a stellar location just minutes from Downtown Wilmington's historic Riverfront, local dining, shopping, and major transit routes. With a strong historical rental market in the area and immediate cash-flow potential, this duplex is a true ''set-it-and-forget-it'' investment. Opportunities like this on Penn Street don't last long--schedule your tour today and start building equity!
Sold for $275,000
$275,000
2827 Penn Street, Wilmington, NC 28412
4beds
2baths
1,392sqft
Duplex
Built in 1942
-- sqft lot
$274,900 Zestimate®
$198/sqft
$1,671 Estimated rent
Home value
$274,900
$261,000 - $291,000
$1,671/mo
Zestimate® history
Owner options
List your home for rent
$1,671/mo
Rent Zestimate®
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$1,671/mo
Rent Zestimate®
Refinance and save
$1,630/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,630/mo
Est. payment
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List your homeWhat's special
Classic hardwood flooringSpacious shared yardFunctional layout
Zillow last checked:
Listing updated:
Listed by:
The Rising Tide Team 910-256-4503,
Intracoastal Realty Corporation
Bought with:
Shane Register Team
Coldwell Banker Sea Coast Advantage-Midtown
Source: Hive MLS,MLS#: 100578989
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Wall Furnace, Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer
- Laundry: None
Features
- 2nd Kitchen
- Flooring: Vinyl, Hardwood
- Basement: None
Interior area
- Total structure area: 1,392
- Total interior livable area: 1,392 sqft
Property
Parking
- Parking features: Gravel, Unpaved
- Details: shed
Features
- Levels: One
- Patio & porch: Screened, Front Porch, Rear Porch
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: See Remarks
- Waterfront features: None
- Frontage type: See Remarks
Lot
- Size: 10,672 Square Feet
- Dimensions: 82 x 130 x 80 x 134
- Features: Corner Lot
Details
- Parcel number: R06506012006000
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding, Wood Frame
- Foundation: Crawl Space
- Roof: Architectural Shingle,Shingle
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Electricity Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Belmont
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $215,500
- Annual tax amount: $1,268
- Date on market: 6/4/2026
- Cumulative days on market: 5 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Sold | $275,000+5.8%$198/sqft |
Source:  Hive MLS #100578989 Report a problem | ||
| 6/9/2026 | Pending sale | $259,900$187/sqft |
Source: Hive MLS #100578989 Report a problem | ||
| 6/4/2026 | Listed for sale | $259,900$187/sqft |
Source: Hive MLS #100578989 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,268 +62.7% | $215,500 +140.5% |
| 2024 | $780 +3% | $89,600 |
| 2023 | $757 -0.6% | $89,600 |
| 2022 | $762 -0.7% | $89,600 |
| 2021 | $767 +34.6% | $89,600 +65.6% |
| 2020 | $570 | $54,100 |
| 2019 | $570 | $54,100 |
| 2018 | -- | $54,100 |
| 2017 | $427 -22.7% | $54,100 +8% |
| 2016 | $553 +4.3% | $50,100 |
| 2015 | $531 +4.4% | $50,100 |
| 2014 | $508 | $50,100 |
| 2013 | -- | $50,100 |
| 2012 | -- | $50,100 -41.5% |
| 2011 | -- | $85,652 |
| 2010 | -- | $85,652 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $47,441 |
| 2004 | -- | $47,441 |
| 2003 | -- | $47,441 |
| 2002 | -- | $47,441 |
| 2001 | -- | $47,441 |
| 2000 | -- | $47,441 |
Find assessor info on the county website
Neighborhood: Longleaf Park/Sunnyvale
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Nearby schools
GreatSchools rating
- 6/10Sunset Park ElementaryGrades: K-5Distance: 1.5 mi
- 6/10Williston MiddleGrades: 6-8Distance: 3.2 mi
- 3/10New Hanover HighGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Sunset
- Middle: Williston
- High: New Hanover
Source: Hive 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
$274,900
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
$274,900
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