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Sold for $295,000
  • $295,000

    509 Walnut Street, Wilmington, NC 28401

    5beds
    2baths
    1,792sqft
    Duplex
    Built in 1920
    -- sqft lot
    $295,000 Zestimate®
    $165/sqft
    $1,666 Estimated rent

    Home value

    $295,000

    $280,000 - $310,000

    $1,666/mo

    Zestimate® history
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    $1,666/mo

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    $1,666/mo

    Rent Zestimate®

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    $1,808/mo

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    $1,808/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey G Hovis 910-512-2205,

    Intracoastal Realty Corporation

    Bought with:

    The Rieker Team

    Intracoastal Realty Corporation

    Source: Hive MLS,MLS#: 100565058MLS LogoOriginating MLS: Cape Fear Realtors MLS, Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Dining room
    • Features: Combination
    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
    • Number of fireplaces: 2
    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: $165/sqft
    • Tax assessed value: $326,300
    • Annual tax amount: $1,920
    • Date on market: 5/23/2026
    • Cumulative days on market: 97 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    8/19/2026Sold$295,000-8.4%$165/sqft
    Source: Hive MLS #100565058 Report a problem
    7/27/2026Contingent$322,000$180/sqft
    Source: Hive MLS #100565058 Report a problem
    7/15/2026Price change$322,000-4.5%$180/sqft
    Source: Hive MLS #100565058 Report a problem
    6/22/2026Price change$337,000-3.4%$188/sqft
    Source: Hive MLS #100565058 Report a problem
    5/23/2026Listed for sale$349,000$195/sqft
    Source: Hive MLS #100565058 Report a problem
    5/8/2026Contingent$349,000$195/sqft
    Source: Hive MLS #100565058 Report a problem
    5/4/2026Price change$349,000-4.1%$195/sqft
    Source: Hive MLS #100565058 Report a problem
    4/5/2026Listed for sale$364,000$203/sqft
    Source: Hive MLS #100565058 Report a problem
    11/21/2017Listing removed$600
    Source: Owner Report a problem
    11/20/2017Listed for rent$600
    Source: Nora Alan Rentals Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: Northside

    Nearby schools

    GreatSchools rating
    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
    $295,000
    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
    $295,000