Wilmington, NC 28401 1504 Orange Street

1504 Orange Street Wilmington, NC - Image 11504 Orange Street Wilmington, NC - Image 21504 Orange Street Wilmington, NC - Image 3
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Presented By: eXp Realty
  • MLS# 100496102
  • 03/22/2025
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 2

Home Details

Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio, with its own private entrance, offers a full kitchen and bath, perfect for rental income or a guest suite. This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one. Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas!
Presented By: eXp Realty

Interior Features for 1504 Orange Street

Bedrooms

Total Bedrooms3

Bathrooms

Total Bathrooms2.00

Other Interior Features

Appliances/EquipDishwasher, Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer
# Total Units2
Fireplace1
Interior Features1st Floor Master, Walk-in Shower, Furnished, Kitchen Island, Ceiling Fan(s), Blinds/Shades, Apt/Suite, 9Ft+ Ceilings
List Price/SqFt434.01
StoriesOne

Other Rooms

Dining RoomKitchen

General for 1504 Orange Street

CityWilmington
City LimitsYes
Co Listing Member NameDemetria L Padgett
Cobra ZoneNo
ConstructionWood Frame
CoolingCentral
CountyNew Hanover
Days on Market36
Geo Lat34.234141
Geo Lon-77.929607
HOANo
HeatingHeat Pump
Legal DescriptionPt Lots 1-2 Blk 496 Wilm
Listing Member NameAspyre Realty Group
Location TypeMainland
Lot Sqft4400.00
ModificationTimestamp2025-04-07T12:14:09
New ConstructionNo
PossessionAt Closing
Property TypeC
RoofArchitectural Shingle
Secondary SubdivisionN/A
Special Assessmentsn/a
StatusActive
Stipulation of SaleNone
Stories1.0
Sub-TypeDuplex
SubdivisionNot In Subdivision
Tax Assessed Value154200.00
Tax Year2024
TermsCash, VA Loan, FHA, Conventional
UtilitiesMunicipal Sewer, Municipal Water
Virtual TourClick here
WaterviewNo
Year Built1923
ZoningR-5

Exterior for 1504 Orange Street

Attached Carport Spaces0.00
Detached Carport Spaces0.00
Exterior FinishAsbestos
FencingBack Yard, Wood
FoundationCrawl Space
Fuel TankNone
Garage & Parking: Total # Garage Spaces0.00
Garage & Parking: Total Carport Spaces0.00
Lot Acres0.10
Lot Dimensions41X107
MLS Identifier20150918160742258811000000
Parking FeaturesStreet Only
Patio and Porch FeaturesCovered, Porch, Patio
Road Type/FrontageMaintained, Paved, Public (City/Cty/St)
WaterfrontNo

Additional Details

Price History

Andrea Arth

Price $559,000
MLS#100496102
List Date 03/22/2025
Property Type Multi-Family
Phone 910.297.4245
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