Wonderful opportunity to own a duplex within a short walk to Brooklyn Arts District, Live Oak Park and Amphitheatre, breweries and all that downtown Wilmington has to offer. There is no rental history as the previous owner and his daughter occupied the property as their personal residence. There are two separate electrical meters, gas meters but the home share water/sewer/trash. This is an absolute diamond in the not-so-rough. Roof replaced in 2017 along with many other updates over the years. Alarm system and termite bond a plus. Don't miss out on one of the better investment opportunities in downtown Wilmington.
Sold for $390,000
$390,000
516 Walnut Street, Wilmington, NC 28401
2beds
2baths
2,040sqft
Duplex
Built in 1920
-- sqft lot
$443,700 Zestimate®
$191/sqft
$1,723 Estimated rent
Home value
$443,700
$413,000 - $479,000
$1,723/mo
Zestimate® history
Owner options
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$1,723/mo
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$1,723/mo
Rent Zestimate®
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$2,245/mo
Est. payment
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$2,245/mo
Est. payment
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List your homeWhat's special
Gas metersLive oak park
Zillow last checked:
Listing updated:
Listed by:
Ed H Wagenseller,
Keller Williams Innovate-Wilmington
Bought with:
Amber S Alexander, 312059
Berkshire Hathaway HomeServices Carolina Premier Properties
Source: Hive MLS,MLS#: 100388993
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Dining room
- Features: Combination
Heating
- Heat Pump, Forced Air, Natural Gas
Cooling
- Central Air, Heat Pump
Appliances
- Included: Gas Cooktop, Refrigerator, Range
- Laundry: In Kitchen
Features
- Flooring: Wood
- Basement: None
- Attic: Scuttle
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: One,Two
- Stories: 2
- Entry location: 1st Floor,2nd Floor
- Patio & porch: Porch, Balcony
- Exterior features: Mail on Site, Balcony
- Fencing: None
Lot
- Size: 2,613 sqft
- Dimensions: 38 x 76 x 38 x 76
Details
- Parcel number: R04813043003000
- Zoning: HD-R
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Crawl Space
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Sewer Connected, Water Available, Water Connected
Community & neighborhood
Security
- Security features: Security System, Smoke Detector(s)
Location
- Region: Wilmington
- Subdivision: Rankin Place North
HOA & financial
HOA
- Has HOA: Yes
- Amenities included: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2023 | Sold | $390,000-2.5%$191/sqft |
Source:  Hive MLS #100388993 Report a problem | ||
| 6/12/2023 | Pending sale | $399,999$196/sqft |
Source: Hive MLS #100388993 Report a problem | ||
| 6/9/2023 | Listed for sale | $399,999+35.6%$196/sqft |
Source: Hive MLS #100388993 Report a problem | ||
| 9/30/2005 | Sold | $295,000$145/sqft |
Source: Hive MLS #30350771 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,138 +6.2% | $363,300 +57% |
| 2024 | $2,013 +3% | $231,400 |
| 2023 | $1,955 -0.6% | $231,400 |
| 2022 | $1,967 -0.7% | $231,400 |
| 2021 | $1,980 +30% | $231,400 +60% |
| 2020 | $1,523 | $144,600 |
| 2019 | $1,523 | $144,600 |
| 2018 | $1,523 | $144,600 |
| 2017 | $1,523 -32.1% | $144,600 -28.6% |
| 2016 | $2,244 +4.6% | $202,500 |
| 2015 | $2,144 +4.4% | $202,500 |
| 2014 | $2,053 | $202,500 |
| 2013 | -- | $202,500 |
| 2012 | -- | $202,500 +4.5% |
| 2011 | -- | $193,788 |
| 2010 | -- | $193,788 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $105,276 |
| 2004 | -- | $105,276 |
| 2003 | -- | $105,276 |
| 2002 | -- | $105,276 |
| 2001 | -- | $105,276 |
| 2000 | -- | $105,276 |
Find assessor info on the county website
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: 0.6 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
$443,700
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
$443,700
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Northside
- 516 Walnut Street
Nearby cities
Nearby neighborhoods
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