Active

808 N 5th Avenue

Wilmington, NC 28401

$859,000 $3,621/Mo

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Overview

Bed

Bath

0.12

Acre(Lot)

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, f ixtures , 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.

Property Details

Property Type : Residential Income

Price : $859,000

AD Id : 76702676

MLS Id : 100564082

Beds : 6

Lot Size : 0.12 Acre

Year Built : 2002

County : New Hanover

Subdivision: Ventnor Heights

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 4
Flooring Information

Wood
Roofing Information

Shingle
Interior Features

Master Downstairs, High Ceilings, Ceiling Fan(s), Pantry Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Heat Pump, Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Heat Pump

Building Information

Year Built: 2002 Building Area Total: 2455 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Covered, Deck, Porch Private Pool: No View: See Remarks

Lot Information

Lot Dimensions: Irr Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227

Property Information

Subdivision: Not In Subdivision Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 24

Listing Price Information

Listing Price: $859000 Original Price: $865000

Tax Information

Parcel Number: R04813-003-005-000 Tax Block: 0 Tax Year: 2025

Parking Information

See Remarks, Off Street

School Information

Elementary School: Snipes

Junior High School: Williston

Senior High School: New Hanover
Location Information

Direction: 3rd St to Brunswick St then Left on N 5th Ave Security Features: Security Lights

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Nearby Home Value

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107 S 10th Street, Wilmington, NC, 28401	$399,900	4	3	--
710-714 Cronely Alley, Wilmington, NC, 28401	$895,000	4	4	--

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ByOwner last updated this listing 06/16/2026 @ 20:43

MLS: 100564082 LISTED BY: Mike Lardieri, Homes For Sale in Wilmington SOURCE: Hive MLS (North Carolina Regional)