808 N 5th Avenue, Wilmington, NC 28401 (MLS# 100564082)

808 N 5th Avenue, Wilmington, NC 28401

$835,000

Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 2,455 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $835,000 List Date: 4/01/2026 Last Modified: 9/30/2026

Overview

Description

A rare opportunity to own a 2-unit building WALKIG DISTANCE to Live Oak amphitheater & all the best downtown attractions. The property next door at 810 N 5th just SOLD for $1,042,000....808 N 5th has same number of bedrooms & bathrooms. 808 N 5th also has much more off-street parking, big backyard & Unit # 1 is already fully furnished! Yet, we are priced significantly lower than the sale price for property next door! Great 1031 opportunity! Huge cash flow opportunities. Many options: Live in one unit & Airbnb one. Or rent both. Many beautiful renovations were just completed at 808 N 5th including: A completely NEW KITCHEN with HUGH QUARTZ ISLAND, new cabinets, backsplash, pendant lighting, new appliances, all freshly refinished hardwood floors, new bathrooms with new vanities, lighting, fixtures , floors, & many more renovations. Unit #1 is fully furnished! It's a ''TURKEY AIRBNB'' ready to go. It's nicely furnished & has everything you need. Easy to show... Come see all the new ren ... (Read more) A rare opportunity to own a 2-unit building WALKIG DISTANCE to Live Oak amphitheater & all the best downtown attractions. The property next door at 810 N 5th just SOLD for $1,042,000....808 N 5th has same number of bedrooms & bathrooms. 808 N 5th also has much more off-street parking, big backyard & Unit # 1 is already fully furnished! Yet, we are priced significantly lower than the sale price for property next door! Great 1031 opportunity! Huge cash flow opportunities. Many options: Live in one unit & Airbnb one. Or rent both. Many beautiful renovations were just completed at 808 N 5th including: A completely NEW KITCHEN with HUGH QUARTZ ISLAND, new cabinets, backsplash, pendant lighting, new appliances, all freshly refinished hardwood floors, new bathrooms with new vanities, lighting, fixtures , floors, & many more renovations. Unit #1 is fully furnished! It's a ''TURKEY AIRBNB'' ready to go. It's nicely furnished & has everything you need. Easy to show... Come see all the new renovation... OUTSTANDING LOCATION in the Brooklyn Arts District, walking distance to all great downtown amenities: restaurants, concert venues, Riverwalk, Cape Fear Community College, parks marinas, breweries , the social district, etc... Built in the early 2000s these units have all the modern features that newer properties offer like open floor plans & suites w/ baths. Unlike many other downtown homes that are over 100 years old, & have many ''old house'' problems, this one was built in the 2000s to modern building codes & standards. VERY LOW MAINTENANCE 2-unit property. Each unit has 3 bedrooms & 2 baths. Some highlights include new kitchen, quartz countertops, new vanities, refinished hardwoods, new lighting, tons of off-street parking, a giant Charleston-Style Porch, suites w/ baths/ walk-in closets, tons of off-street parking, hardwood & LVP flooring, no carpet, full laundry room, an opportunity to build a detached garage, an amazing porch that looks down beautiful tree-lined 5th Ave & a big backyard! This property was designed & built as a modern 2-unit building. This is NOT like many other homes downtown that were single-family homes, an ''cut-up / converted'' into 2 awkward units. This was built as a 2-unit building. As mentioned, the home next door sold for $1,042,000. Many options are available with this 2-unit building. Unit #1 fully ready to go Airbnb! A similar, actively managed Airbnb single unit on the street grossed over $48,000 in a prior year! Just for one unit. Current owner had a medium-term rental in Unit #1 for $3500 per month before all the recent renovations. So, it has even more potential now! Unit #2 has active cash flow. It has a great tenant that can stay, or go after couple months. There is great options & flexibility here! Live in one unit & rent one; use one unit for Airbnb and rent Unit 2 long-term; or rent both for short / medium term. Rare opportunity to own a modern 2-unit building downtown in one of the best locations... Walking distance to everything.... This one won't last long...Come see today while we are keeping the furnished unit vacant for serval weeks for showings....Very easy to show....Call for more details & info.

Listing Details MLS# 100564082

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2025-04-03
Sub-Type: Duplex
Listing Price: 835000
List Price/SqFt: 340.12
Stipulation of Sale: Standard

Location Information

Street #: 808
Pre Direction: N
Street Name: 5th
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: 3rd St to Brunswick St then Left on N 5th Ave
Sign on Property: No

Building Info

New Construction: No

Property ExteriorInterior Info

# Bedrooms: 6
SqFt - Heated (Primary): 2455

Legal and Taxes

Tax Assessed Value: 526300
Deed Book: 6396
Deed Page: 176
Legal: Pt Lot 4 Blk 280 Wilm
Broker Owner: Yes
PID: R04813-003-005-000
Tax Identifier: R04813-003-005-000
Special Assessments: no
Tax Year: 2025
Year Built: 2002
Zoning: r-3
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: New Hanover

More Information

Entry Level Information

Entry Level: Yes

Property Features

Frontage Type: See Remarks View Type: See Remarks Construction: Wood Frame Exterior Finish: Vinyl Siding Fencing: None Foundation: Slab Fuel Tank: None Parking Features: Off Street; See Remarks Patio and Porch Features: Covered; Deck; Porch Roof: Shingle Levels: Two Cooling: Central Air; Heat Pump Heating: Forced Air; Heat Pump Heating System Fuel Source: Electric Flooring: Wood; LVT/LVP Furnished: Partially Interior Features: Ceiling Fan(s); High Ceilings; Master Downstairs; Pantry Security Features: Security Lights Dining Room Type: Combination HOA and Neigh Amenities: See Remarks

IDX

Listing Office: Homes For Sale in Wilmington

Last Updated: September - 30 - 2026

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