524 South 4th Street

Wilmington, NC 28401

$849,000
Price
3
Beds
3
Baths
2,618 Sq. Ft.
$324 / Sq. Ft.
2,618
Sq. Ft.
$324
per Sq. Ft.

Description

Unique and rare investment property in the historic downtown Wilmington. Renovated Mid 1800s building with Upgrades. Nestled in the prime downtown district of one of the city's top TEN high-appreciating neighborhoods, these iconic buildings offer a blend of vintage charm and modern potential. With mixed-use and multifamily spaces, this portfolio promises a lucrative venture in a thriving location, combining history with strategic commercial opportunities. Leased under market rates with 1 Vacant unit...Unique and rare investment property in the historic downtown Wilmington. Renovated Mid 1800s building with Upgrades. Nestled in the prime downtown district of one of the city's top TEN high-appreciating neighborhoods, these iconic buildings offer a blend of vintage charm and modern potential. With mixed-use and multifamily spaces, this portfolio promises a lucrative venture in a thriving location, combining history with strategic commercial opportunities. Leased under market rates with 1 Vacant unit left vacant for owner occupancy or Vacation Rental/Airbnb. Properties can be sold TOGETHER as a portfolio deal. See 2617 Market St (MLS 10008535) for second property.
  1. Listed by Traci Hall • REIT Place, llc

Property Details for 524 South 4th Street

View
City
View
Yes
Waterfront
No
Subdivision
Not in a Subdivision

Location

Listing Courtesy of REIT Place, llc
Add your commute
LISTING UPDATED: 04/06/2024 01:17 PM

Property Details for 524 South 4th Street

StatusActive
MLS #10011609
Days on Market83
Taxes$3,668 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1888
Lot Size0.06 AC / 2,613 SF
CountyNew Hanover County

Location

Listing Courtesy of REIT Place, llc
Add your commute

Building Information for 524 South 4th Street

Stories2Residences3Year Built1888Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$4,939 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,633

Property Taxes

$306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 524 South 4th Street

Summary
Location and General Information
  • Zoning: R-3
  • Subdivision Name: Not in a Subdivision
  • Latitude: 34.228271
  • Longitude: -77.944013
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $3,668.00
  • City Limits Of: Wilmington
  • City Limits YN: Yes
  • Lot Number: 1
  • Restrictive Covenants YN: No
Contract Information
  • Comp Sale YN: No
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
School Information
  • Elementary School: New Hanover County Schools
  • Middle Or Junior School: New Hanover County Schools
  • High School: New Hanover County Schools
Parking
  • Open Parking: Yes
  • Parking Features: On Street
  • Attached Garage: No
Property
Lot Information
  • Building Area Total: 2618.0
  • Lot Features: City Lot, Near Public Transit
  • Architectural Style: Transitional
  • Detached Living Area Sq Ft: 0
  • Other Area Above Grade: 0
  • Other Area Below Grade: 0
  • Total Other Area Sq Ft: 0
  • Parcel Number: R05409003012000
  • Structure Type: Mixed Use
Property and Assessments
  • New Construction: No
  • Photos Count: 32
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Sidewalks, Street Lights
  • Senior Community: No
  • Property Condition: Updated/Remodeled
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete, Other
  • Exterior Features: None
  • Fencing: None
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • New Construction Type: Concrete, Other, Mixed Use
Interior Features
  • Levels: Two
  • Stories: 2
  • Fireplace Y N: No
  • Flooring: Carpet, Concrete, Tile, Vinyl
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling?: Yes
  • Heating: Central, Ductless, Electric
  • Heating?: Yes
  • Appliances: Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Interior Features: Apartment/Suite, Bathtub/Shower Combination, Breakfast Bar, Ceiling Fan(s), Granite Counters, Laminate Counters
  • Spa Features: None
  • Spa: No
  • Equipment Appliances: Electric Range, Microwave, Refrigerator, Washer/Dryer
  • Interior: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Available, On Street, Concrete, Other, Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • Equipment: Electric Range, Microwave, Refrigerator, Washer/Dryer, On Street
Multi Family
Unit Information
  • Total Units: 3
Agent
Sale and Listing
  • Property Class Name: CrossProperty
Rental
Rental Information
  • TenantPays: Cable TV, Electricity
Units Information
Unit One
  • Unit One: Beds Total: 2.0
  • Unit One: Garage Attached YN: false
  • Unit One: Kitchen: true
  • Unit One: Living Room: true
  • Unit One: Patio: true
  • Unit One: Range: true
  • Unit One: Refrigerator: true
  • Unit One: Storage: true
  • Unit One: Unit Type Description: Rare unique 2 bedroom setup with Loft like area and a Balcony overlooking Castle St
  • Unit One: Unit Type: 2 Bedroom
  • Unit One: Utility Room: true
  • Unit One: WasherDryer Hookups: true
Unit Two
  • Unit Two: Beds Total: 1.0
  • Unit Two: Dining Room: true
  • Unit Two: Garage Attached YN: false
  • Unit Two: Kitchen: true
  • Unit Two: Living Room: true
  • Unit Two: Range: true
  • Unit Two: Refrigerator: true
  • Unit Two: Storage: true
  • Unit Two: Unit Type Description: Loft like / 1 Bedroom Unit. Unique Living space.
  • Unit Two: Unit Type: Loft
  • Unit Two: Utility Room: true
Unit Three
  • Unit Three: Beds Total: 1.0
  • Unit Three: Garage Attached YN: false
  • Unit Three: Kitchen: true
  • Unit Three: Living Room: true
  • Unit Three: Range: true
  • Unit Three: Refrigerator: true
  • Unit Three: Storage: true
  • Unit Three: Unit Type Description: Street level Unit with Unit setup. Mostly Masonry Construction.
  • Unit Three: Unit Type: 1 Bedroom
  • Unit Three: Utility Room: true
  • Unit Three: WasherDryer Hookups: true
Unit Four
  • Unit Four: Garage Attached YN: false
  • Unit Four: Unit Type Description: 2 Bay Commercial Space

Property History for 524 South 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 524 South 4th Street

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Annie H Snipes Elementary
PublicK to 5

Williston Middle
Public6 to 8

New Hanover High
Public9 to 12

The International School at Gregory
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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524 South 4th Street is a multi-family home for sale in Wilmington, NC 28401. This property was listed for sale on February 14, 2024 by REIT Place, llc, it's currently listed at $849,000. This listing's school district is New Hanover County School District. Nearby schools include Annie H Snipes Elementary, Williston Middle and New Hanover High. 524 South 4th Street is a 3-bed, 3-bath, 2,618 sqft multi-family home built in 1888.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REIT Place, llc

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