Investors, seize the opportunity in historic Wilmington, NC! This meticulously maintained home combines historic charm with modern updates, presenting an ideal investment prospect. Operating as a successful unfurnished long-term rental since 2018, the property has consistently maintained full occupancy.
Located within a short walking distance to the downtown riverfront, the Castle Street Art District with vibrant restaurants, and the popular Cargo District. Also with its convenient location to Wrightsville Beach, this home offers unparalleled convenience for tenants who cherish proximity to both the vibrant city center and the relaxing coastal shores.
Don't miss out on this prime investment with a proven rental history and an unbeatable location!
Sold for $485,000
$485,000
503 S 5th Avenue, Wilmington, NC 28401
3beds
1,816sqft
Single Family Residence
Built in 1903
2,178 Square Feet Lot
$542,900 Zestimate®
$267/sqft
$2,206 Estimated rent
Home value
$542,900
$505,000 - $586,000
$2,206/mo
Zestimate® history
Owner options
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$2,206/mo
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$2,206/mo
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$2,875/mo
Est. payment
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$2,875/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
David G McGee 910-297-9936,
Keller Williams Innovate-Wilmington
Bought with:
Caleb D Courtney, 314325
Ivester Jackson Christie's
Source: Hive MLS,MLS#: 100451782
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Laundry, Living Room
Primary bedroom
- Level: Second
- Dimensions: 12 x 11
Bedroom 2
- Level: Second
- Dimensions: 14 x 12
Bedroom 3
- Dimensions: 12 x 12
Dining room
- Level: First
- Dimensions: 12 x 11
Family room
- Level: First
- Dimensions: 15 x 12
Kitchen
- Level: First
- Dimensions: 12 x 9
Laundry
- Dimensions: 7 x 6
Living room
- Dimensions: 15 x 12
Heating
- Heat Pump, Electric
Cooling
- Central Air
Appliances
- Included: Built-In Microwave, Refrigerator, Dishwasher
- Laundry: Laundry Room
Features
- High Ceilings, Walk-in Shower
- Flooring: Laminate, Tile, Wood
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,816
- Total interior livable area: 1,816 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Pool features: None
- Fencing: Wood
Lot
- Size: 2,178 Square Feet
- Dimensions: 66' x 30'
Details
- Parcel number: R05405036012000
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Historic District
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $267/sqft
- Tax assessed value: $276,500
- Annual tax amount: $2,977
- Date on market: 10/3/2025
- Cumulative days on market: 14 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2024 | Sold | $485,000-5.8%$267/sqft |
Source:  Hive MLS #100451782 Report a problem | ||
| 7/4/2024 | Contingent | $515,000$284/sqft |
Source: Hive MLS #100451782 Report a problem | ||
| 6/21/2024 | Listed for sale | $515,000+49.3%$284/sqft |
Source: Hive MLS #100451782 Report a problem | ||
| 6/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/28/2024 | Listed for rent | $2,800+3.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/7/2022 | Listed for rent | $2,700+38.5%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/26/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/4/2020 | Listing removed | $1,950$1/sqft |
Source: Owner Report a problem | ||
| 9/12/2020 | Listed for rent | $1,950+11.4%$1/sqft |
Source: Owner Report a problem | ||
| 5/21/2019 | Listing removed | $1,750$1/sqft |
Source: Owner Report a problem | ||
| 5/6/2019 | Listing removed | $345,000$190/sqft |
Source: Coastal Options Realty, LLC #100158630 Report a problem | ||
| 5/6/2019 | Listed for rent | $1,750$1/sqft |
Source: Owner Report a problem | ||
| 4/4/2019 | Listed for sale | $345,000+57.9%$190/sqft |
Source: Coastal Options Realty, LLC #100158630 Report a problem | ||
| 9/6/2018 | Listing removed | $1,750$1/sqft |
Source: Owner Report a problem | ||
| 8/31/2018 | Listed for rent | $1,750$1/sqft |
Source: Owner Report a problem | ||
| 6/1/2017 | Sold | $218,500-0.7%$120/sqft |
Source: Hive MLS #100033250 Report a problem | ||
| 5/8/2017 | Pending sale | $220,000$121/sqft |
Source: CENTURY 21 Sweyer & Associates #100033250 Report a problem | ||
| 4/13/2017 | Price change | $220,000-5.4%$121/sqft |
Source: CENTURY 21 Sweyer & Associates #100033250 Report a problem | ||
| 4/12/2017 | Listed for sale | $232,500$128/sqft |
Source: CENTURY 21 Sweyer & Associates #100033250 Report a problem | ||
| 3/17/2017 | Pending sale | $232,500$128/sqft |
Source: CENTURY 21 Sweyer & Associates #100033250 Report a problem | ||
| 10/13/2016 | Price change | $232,500-13.2%$128/sqft |
Source: CENTURY 21 Sweyer & Associates #100033250 Report a problem | ||
| 8/18/2016 | Price change | $268,000-2.5%$148/sqft |
Source: Lumina 1 #100008247 Report a problem | ||
| 4/7/2016 | Listed for sale | $275,000+23.3%$151/sqft |
Source: Intracoastal Realty Corp. #100008247 Report a problem | ||
| 6/16/2005 | Sold | $223,000$123/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,977 +23.7% | $505,800 +82.9% |
| 2024 | $2,406 +3% | $276,500 |
| 2023 | $2,336 -0.6% | $276,500 |
| 2022 | $2,350 -0.7% | $276,500 |
| 2021 | $2,366 +2.7% | $276,500 +26.4% |
| 2020 | $2,305 | $218,800 |
| 2019 | $2,305 | $218,800 |
| 2018 | $2,305 | $218,800 -27.5% |
| 2017 | $2,305 +9.7% | $301,800 +59.2% |
| 2016 | $2,101 +4.6% | $189,600 |
| 2015 | $2,008 +4.4% | $189,600 |
| 2014 | $1,923 | $189,600 |
| 2013 | -- | $189,600 |
| 2012 | -- | $189,600 -1.7% |
| 2011 | -- | $192,867 |
| 2010 | -- | $192,867 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $65,926 -39.3% |
| 2004 | -- | $108,656 |
| 2003 | -- | $108,656 |
| 2002 | -- | $108,656 |
| 2001 | -- | $108,656 |
| 2000 | -- | $108,656 |
Find assessor info on the county website
Neighborhood: Old Wilmington
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Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.4 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.4 mi
- 3/10New Hanover HighGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Snipes
- 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
$542,900
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
$542,900
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Old Wilmington
- 503 S 5th Avenue
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