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.
For sale
Price cut: $12K (6/22)
$337,000
509 Walnut Street, Wilmington, NC 28401
5beds
2baths
1,792sqft
Duplex
Built in 1920
-- sqft lot
$332,400 Zestimate®
$188/sqft
$-- HOA
What's special
- 81 days |
- 1,440 |
- 83 |
Zillow last checked:
Listing updated:
Listed by:
Jeffrey G Hovis 910-512-2205,
Intracoastal Realty Corporation,
Sky Grainger 910-833-2546,
Intracoastal Realty Corporation
Source: Hive MLS,MLS#: 100565058
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Refrigerator
- Laundry: Dryer Hookup, Washer Hookup, Hookup - Dryer
Features
- Ceiling Fan(s)
- Flooring: LVT/LVP, Tile
- Basement: None
- Attic: Access Only
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Patio & porch: Covered, Front Porch
- Fencing: Back Yard
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 3,223 Square Feet
- Dimensions: 66 x 49
Details
- Parcel number: R04813034018000
- Zoning: HD-R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding, Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Rankin Place North
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $326,300
- Annual tax amount: $1,920
- Date on market: 5/23/2026
- Cumulative days on market: 82 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$332,400
$316,000 - $349,000
$1,797/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $337,000-3.4%$188/sqft |
Source:  Hive MLS #100565058 Report a problem | ||
| 5/23/2026 | Listed for sale | $349,000$195/sqft |
Source: Hive MLS #100565058 Report a problem | ||
| 5/8/2026 | Contingent | $349,000$195/sqft |
Source: Hive MLS #100565058 Report a problem | ||
| 5/4/2026 | Price change | $349,000-4.1%$195/sqft |
Source: Hive MLS #100565058 Report a problem | ||
| 4/5/2026 | Listed for sale | $364,000$203/sqft |
Source: Hive MLS #100565058 Report a problem | ||
| 11/21/2017 | Listing removed | $600 |
Source: Owner Report a problem | ||
| 11/20/2017 | Listed for rent | $600 |
Source: Nora Alan Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,920 +53.9% | $326,300 +127.5% |
| 2024 | $1,248 +3% | $143,400 |
| 2023 | $1,212 -0.6% | $143,400 |
| 2022 | $1,219 -0.7% | $143,400 |
| 2021 | $1,227 +4.4% | $143,400 +28.5% |
| 2020 | $1,176 | $111,600 |
| 2019 | $1,176 | $111,600 |
| 2018 | $1,176 | $111,600 |
| 2017 | $1,176 -21.5% | $111,600 -17.4% |
| 2016 | $1,497 +4.6% | $135,100 |
| 2015 | $1,431 +4.4% | $135,100 |
| 2014 | $1,370 | $135,100 |
| 2013 | -- | $135,100 +7% |
| 2012 | -- | $126,300 -7.8% |
| 2011 | -- | $136,944 |
| 2010 | -- | $136,944 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $60,837 |
| 2004 | -- | $60,837 |
| 2003 | -- | $60,837 |
| 2002 | -- | $60,837 |
| 2001 | -- | $60,837 |
| 2000 | -- | $60,837 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Northside
Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.3 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.8 mi
- 3/10New Hanover HighGrades: 9-12Distance: 0.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Northside
- 509 Walnut Street
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Wilmington Topics
