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Off market
  • Tax assessed value
    $617,300

    511 S 5th Ave, Wilmington, NC 28401

    2beds
    1,890sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $327/sqft
    $1,744 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,744/mo

    Zestimate® history
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    What's special

    Turn-Key Short-Term Rental Duplex | Proven $60K Annual Income Income-producing STR duplex with a long, proven track record. Sale can include all furnishings and STR contents, including kitchenware, for a seamless transition. This property currently grosses approximately $60,000 annually between both units. There is upside with kitchen updates and potential tile shower additions, but it performs well as-is. The current owner also owns the management company. Wilmington Vacation Homes has hosted and operated this STR for years and can continue management if desired, with zero downtime between owners. Highlights Separate electric, HVAC, and utilities Back porches on both units Separate deeded backyard lot fronting an alley (potential development opportunity; buyer to verify) Possible off-street parking via rear alley Proven STR Performance Lower unit: ~150 reviews, Airbnb Guest Favorite Upper unit: 300+ reviews, Airbnb Guest Favorite Hundreds of 5-star reviews and many repeat guests 5th Street has seen major improvements, with strong momentum heading into next year.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat pump, Electric
    Cooling
    • Central
    Features
    • Basement: None
    • Has fireplace: Yes
    • Fireplace features: wood stove
    Interior area
    • Total interior livable area: 1,890 sqft

    Property

    Features
    • Exterior features: Wood
    • Fencing: Wood
    Lot
    • Size: 4,791 Square Feet
    Details
    • Parcel number: R05409001006000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Metal
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $327/sqft
    • Tax assessed value: $617,300
    • Annual tax amount: $3,633

    Price history

    DateEventPrice
    3/6/2026Listing removed--
    Source: Owner Report a problem
    1/3/2026Listed for sale$585,000-4.9%$310/sqft
    Source: Owner Report a problem
    12/30/2021Sold$615,000+2.5%$325/sqft
    Source: Hive MLS #100298831 Report a problem
    12/1/2021Pending sale$599,900$317/sqft
    Source: Hive MLS #100298831 Report a problem
    11/23/2021Price change$599,900-4%$317/sqft
    Source: Hive MLS #100298831 Report a problem
    11/7/2021Listed for sale$625,000+98.4%$331/sqft
    Source: Hive MLS #100298831 Report a problem
    4/12/2021Sold$315,000-4.3%$167/sqft
    Source: Hive MLS #100259741 Report a problem
    3/17/2021Pending sale$329,000$174/sqft
    Source: Hive MLS #100259741 Report a problem
    3/5/2021Listed for sale$329,000-2.9%$174/sqft
    Source: Hive MLS #100259741 Report a problem
    12/15/2020Listing removed$339,000$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100238195 Report a problem
    12/3/2020Listed for sale$339,000$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100238195 Report a problem
    11/23/2020Pending sale$339,000$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100238195 Report a problem
    10/14/2020Price change$339,000-2.9%$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100238195 Report a problem
    9/24/2020Listed for sale$349,000+2.9%$185/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100238195 Report a problem
    6/14/2020Listing removed$339,000$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100213759 Report a problem
    6/3/2020Price change$339,000-1.6%$179/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100213759 Report a problem
    5/22/2020Price change$344,500-0.1%$182/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100213759 Report a problem
    5/6/2020Price change$345,000-4.1%$183/sqft
    Source: Coldwell Banker Sea Coast Advantage #100213759 Report a problem
    4/27/2020Price change$359,900-2.5%$190/sqft
    Source: Coldwell Banker Sea Coast Advantage #100213759 Report a problem
    4/17/2020Listed for sale$369,000+50.6%$195/sqft
    Source: Coldwell Banker Sea Coast Advantage-CB #100213759 Report a problem
    3/2/2020Sold$245,000$130/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,633 +33.2%$617,300 +97%
    2024$2,727 +3%$313,400
    2023$2,648 -0.6%$313,400
    2022$2,664 +23.6%$313,400 +24.5%
    2021$2,155 -37.2%$251,800 -22.8%
    2020$3,434 $326,000
    2019$3,434 $326,000
    2018$3,434 $326,000
    2017$3,434 +33%$326,000 +39.9%
    2016$2,583 +4.6%$233,100
    2015$2,469 +4.4%$233,100
    2014$2,364 $233,100
    2013-- $233,100
    2012-- $233,100 +9.8%
    2011-- $212,324
    2010-- $212,324
    2009-- --
    2008-- --
    2007-- --
    2005-- $222,083
    2004-- $222,083
    2003-- $222,083
    2002-- $222,083
    2001-- $222,083
    2000-- $222,083
    Find assessor info on the county website

    Neighborhood: Old Wilmington

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Snipes
    • Middle: Williston
    • High: New Hanover

    Source: The 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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