Active

4911 Oleander Drive

Wilmington, NC 28403

$699,000 $2,947/Mo

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Overview

Bed

Bath

2,614

Sqft

0.45

Acre(Lot)

Description

Rare Live/Work Investment Opportunity in Wilmington's Residential Overlay District! Discover unmatched flexibility and incredible income potential with this historic, multi-unit midtown property. Perfectly designed for modern versatility, this unique estate functions seamlessly as a primary residence, a professional office space, or a high-yielding multi-stream investment. The main home features an adaptable front layout ideal for living quarters or a customer-facing business. The rear of the main home includes its own separate entrance--while maintaining internal access--making it a perfect setup for an in-law suite, a private office, or an immediate rental unit. Step outside to find a completely detached Accessory Dwelling Unit (ADU) ready to generate secondary rental income or ser ve as a quiet detached workspace. Situated on a spacious 0.36-acre lot, the property benefits from highly desirable rear-alley access out to 51st Street and the traffic light for easy, safe ingress and egress. Located in the coveted Residential Overlay District (ROD), the zoning allows for a diverse range of residential, professional office, and medical uses. Whether you want to ''house hack'' and live rent-free, run your business from home, or add a powerhouse asset to your rental portfolio, this affordable ROD property delivers. Don't miss out on this exceptional piece of Wilmington real estate--schedule your tour today!

Property Details

Property Type : Residential

Price : $699,000

AD Id : 78791458

MLS Id : 100574328

Beds : 3

Lot Size : 0.45 Acre

Living Area Size : 2,614

Year Built : 1955

County : New Hanover

Subdivision: Cottages At Sandy Run Creek

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Rooms Total: 9 Basement: None, Crawl Space
Roofing Information

Shingle
Interior Features

Bookcases, Built-in Features Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Wall/Window Unit(s)

Building Information

Year Built: 1955 Building Area Total: 2165 Construction Materials: Wood Siding, Frame Patio And Porch Features: Deck, Enclosed, Front Porch Private Pool: No View: See Remarks

Lot Information

Lot Dimensions: Irregular Main Square Feet: 0.45 Acres Lot Size Acres: 0.45 Lot Size Square Feet: 19602

Property Information

Subdivision: Piney Woods Source Property Type: Residential Property SubType: Single Family Residence Levels: One and One Half Property Age: 71

Listing Price Information

Listing Price: $699000 Cash, Conventional

Tax Information

Parcel Number: R06107-007-017-000 Tax Year: 2025 Annual Tax: $3571.02

Parking Information

Circular Driveway, Off Street

School Information

Elementary School: Winter Park

Junior High School: Roland Grise

Senior High School: Hoggard
Utility Information

Cable Available, Sewer Connected, Water Connected
Location Information

Direction: From Eastwood and Oleander, take Oleander Drive towards College Road. Property is on right a few houses before Pine Grove Drive.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
136 Stones Throw Lane, Wilmington, NC, 28403	$1,790,000	5	5	3,914	3,914 SqFt
7200 Airlie Place, Wilmington, NC, 28403	$1,925,000	3	4	2,425	2,425 SqFt
1805 Trey Court, Wilmington, NC, 28403	$1,999,000	4	4	3,284	3,284 SqFt
1802 Barkley Avenue, Wilmington, NC, 28403	$1,299,000	4	4	2,280	2,280 SqFt
605 Bradley Creek Point.., Wilmington, NC, 28403	$2,599,000	4	4	5,233	5,233 SqFt
2003 Sea Canyon Lane, Wilmington, NC, 28403	$2,000,000	4	4	2,929	2,929 SqFt
521 Airlie Road #VALAND.., Wilmington, NC, 28403	$4,331,973	4	6	5,950	5,950 SqFt
521 Airlie Road #LONGLE.., Wilmington, NC, 28403	$2,696,534	3	3	3,234	3,234 SqFt
521 Airlie Road #RIVERR.., Wilmington, NC, 28403	$2,848,236	3	4	3,573	3,573 SqFt
521 Airlie Road #PINE R.., Wilmington, NC, 28403	$6,067,162	4	6	7,119	7,119 SqFt

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ByOwner last updated this listing 06/08/2026 @ 13:44

MLS: 100574328 LISTED BY: Marcello Caliva and Associates, Intracoastal Realty Corporation SOURCE: Hive MLS (North Carolina Regional)