Investor's dream! Rare opportunity to own both 509 and 511, featuring a beautifully renovated 3-bedroom, 1-bath bungalow plus a detached studio apartment above the garage. With income-producing potential and the ability to subdivide the lot (buyer to verify), this property offers incredible flexibility for investors, owner-occupants, or multigenerational living.
Nestled beneath a stunning mature live oak on a .20-acre lot, the main home welcomes you with a charming front porch and private driveway. Inside, you'll find refinished hardwood floors, new tile flooring, a beautifully renovated kitchen and bathroom, brand-new kitchen appliances, and fresh paint throughout. Major updates include a new HVAC system (2023), all new windows and exterior doors, updated interior and exterior lighting, and exterior wood replacement.
The detached studio apartment creates an excellent opportunity for rental income, a guest suite, or a private home office. Below, the garage provides ample storage, while the detached backyard shed offers even more space for tools and equipment. The fully fenced backyard is a blank canvas with plenty of room for gardening, entertaining, or creating your own outdoor oasis.
Located within walking distance of the South Front District and just minutes from Greenfield Lake, the Cargo District, and historic downtown Wilmington. Enjoy easy access to the 5th Avenue bike route, making it simple to reach Wilmington's restaurants, breweries, shopping, and riverfront attractions.
Whether you're expanding your investment portfolio, house hacking, or searching for a property with future development potential, opportunities like this are hard to find.
For sale
Price cut: $15K (7/17)
$350,000
511 Marstellar Street, Wilmington, NC 28401
3beds
799sqft
Single Family Residence
Built in 1910
8,712 Square Feet Lot
$340,000 Zestimate®
$438/sqft
$-- HOA
What's special
Refinished hardwood floorsBeautifully renovated kitchenPrivate drivewayCharming front porchExterior wood replacementFresh paint throughoutFully fenced backyard
- 58 days
- 337
- 35
Zillow last checked:
Listing updated:
Listed by:
Derek Criscitiello 910-545-6009,
Coldwell Banker Sea Coast Advantage
Source: Hive MLS,MLS#: 100586361
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Living Room, Bedroom 1, Bedroom 2, Bedroom 3
Bedroom 1
- Level: Main
- Dimensions: 9 x 12
Bedroom 2
- Level: Main
- Dimensions: 9 x 9
Bedroom 3
- Level: Main
- Dimensions: 9 x 9
Kitchen
- Level: Main
- Dimensions: 10 x 12
Living room
- Level: Main
- Dimensions: 12 x 12
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Gas Oven
- Laundry: In Hall
Features
- Master Downstairs, Apt/Suite
- Flooring: Tile, Hardwood
- Basement: None
- Attic: Floored,Pull Down Stairs
- Has fireplace: No
Interior area
- Total structure area: 799
- Total interior livable area: 799 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Paved
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: One
- Patio & porch: Covered, Porch
- Exterior features: None
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 8,712 Square Feet
- Dimensions: 90 x 100
Details
- Additional structures: Guest House
- Parcel number: R05413021002000
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Brick/Mortar, Block
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Dawson-Greenfield
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $260,100
- Annual tax amount: $1,530
- Date on market: 7/3/2026
- Cumulative days on market: 58 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
Estimated market value
$340,000
$323,000 - $357,000
$1,361/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $350,000-4.1%$438/sqft |
Source: | ||
| 7/3/2026 | Listed for sale | $365,000+46%$457/sqft |
Source: | ||
| 3/24/2023 | Sold | $250,000$313/sqft |
Source: | ||
| 2/27/2023 | Pending sale | $250,000$313/sqft |
Source: | ||
| 2/25/2023 | Listed for sale | $250,000$313/sqft |
Source: | ||
| 2/9/2023 | Pending sale | $250,000$313/sqft |
Source: | ||
| 12/24/2022 | Listed for sale | $250,000+363%$313/sqft |
Source: | ||
| 11/12/2004 | Sold | $54,000+107.7%$68/sqft |
Source: Agent Provided Report a problem | ||
| 9/24/2003 | Sold | $26,000$33/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,531 +34.5% | $260,100 +98.9% |
| 2024 | $1,138 +3% | $130,800 |
| 2023 | $1,105 -0.6% | $130,800 |
| 2022 | $1,112 -0.7% | $130,800 |
| 2021 | $1,119 +36.1% | $130,800 +67.5% |
| 2020 | $823 | $78,100 |
| 2019 | $823 | $78,100 |
| 2018 | $823 | $78,100 |
| 2017 | $823 -36.6% | $78,100 -33.4% |
| 2016 | $1,299 +4.6% | $117,200 |
| 2015 | $1,241 +4.4% | $117,200 |
| 2014 | $1,188 | $117,200 |
| 2013 | -- | $117,200 |
| 2012 | -- | $117,200 +14.3% |
| 2011 | -- | $102,538 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $45,187 |
| 2004 | -- | $45,187 |
| 2003 | -- | $45,187 |
| 2002 | -- | $45,187 |
| 2001 | -- | $45,187 |
| 2000 | -- | $45,187 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Dry Pond/Lake Forest
Nearby schools
Schools provided by the listing agent
- Elementary: Forest Hills
- Middle: Myrtle Grove
- High: Hoggard
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





