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Wilmington Multi-Family Real Estate

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Browse All Wilmington NC Multi-Family Properties for Sale

310 N 5th Ave, Wilmington
$848,900
6 Beds ⋅ 4 Baths ⋅ 100610183 MLS
Historic Downtown Wilmington character, incredible versatility, and income-producing potential come together at 310 N 5th Avenue. Located in Wilmington's Historic District and just blocks from the restaurants, shops, entertainment, and vibrant riverfront that make downtown living so desirable, this one-of-a-kind property offers approximately 3,194 square feet of living space and a layout that lends itself beautifully to multigenerational living, an owner-occupant seeking rental income, or a unique investment opportunity. Rich with the charm and character you expect from a historic home, the property offers multiple living spaces and an exceptionally flexible floor plan with room to make it your own. Previously configured as a triplex before being converted to a duplex, the home's existing layout offers the potential to be easily converted back to a triplex, subject to applicable zoning, permitting, and approvals--creating even more possibilities for someone looking to maximize the property's income potential. One portion of the home is currently configured as a private one-bedroom, one-bath upstairs apartment with a tenant in place paying $1,600 per month, providing immediate rental income from day one. Outside, the property becomes its own private downtown retreat with a pool, fenced front and backyard, private outdoor space, and screened deck. Adding even more value is off-street parking for up to six vehicles--an exceptional and increasingly rare feature in Historic Downtown Wilmington, where dedicated parking can be difficult to find. Whether accommodating residents, tenants, or guests, the abundance of private parking sets this property apart from many downtown homes and investment properties. A detached garage provides even more possibilities, with additional space upstairs ideal for a home office, studio, hobby space, or potential future conversion, subject to applicable approvals. Whether you're looking for a distinctive historic residence, a multigenerational property, an owner-occupied home with built-in rental income, or an investment with the potential for multiple income-producing units, 310 N 5th Avenue offers a level of flexibility that's hard to replicate--all within a short distance of Historic Downtown Wilmington's restaurants, shops, riverfront, and Live Oak Bank Pavilion. Additional highlights include original hardwood flooring beneath the existing carpet and luxury vinyl plank flooring, offering an exciting opportunity to uncover and restore the home's timeless character and charm. The property is also separately metered for each unit, providing added convenience and flexibility.

310 N 5th Ave, Wilmington

1420 Eastwood Rd, Wilmington
$5,900,000
8 Beds ⋅ 6 Baths ⋅ 100606836 MLS
Seize a rare opportunity to own a family compound just minutes from Wrightsville Beach, Mayfaire, and the area's premier shopping and dining. Set on more than two acres, the property features two beautiful homes, each with its own backyard oasis. The exceptional one-story brick ranch offers 4,164 square feet of effortless living. Its chef's kitchen features a six-burner gas range with double ovens and a spacious island for gathering. A well-appointed scullery adds abundant cabinetry, storage, an island, generous counter space, a second refrigerator, wall oven, and microwave--making entertaining easy. The kitchen opens to a family room anchored by a linear fireplace, while an elegant dining room nearby features coffered ceilings and a built-in buffet for china, tableware, and linens--ideal for holiday gatherings. Tucked at the back of the home for privacy, the expansive primary suite includes a large bathroom with dual vanities and dual shower heads, plus impressive his-and-hers walk-in closets. Two additional bedrooms share a beautiful Jack-and-Jill bathroom. Outside, two porches overlook the pool. The four-car garage has epoxy flooring and connects to a separate space suitable for a home gym or office. A whole-home generator provides added peace of mind. The second residence is a two-story farmhouse built in 2020, offering 3,233 square feet and a classic rocking-chair front porch. Beautiful millwork and thoughtful details appear throughout. The crisp white kitchen includes an oversized gas range, a wall oven and microwave combination, and an island with seating. An adjacent pantry provides generous storage and space for small appliances, while the spacious laundry room offers additional cabinetry and hanging space. Located on the main level, the pool-facing primary suite features dual vanities, a zero-entry shower, and a large soaking tub. Upstairs are four additional bedrooms and two bathrooms. A covered, screened-in porch overlooks the pool, with a separate yard beyond it for sports and recreation. The home also includes an attached three-car garage with epoxy flooring, and a whole home generator. Beyond the two exceptional residences, which offer more than 7,300 square feet of combined living space, the property includes a detached garage, expansion potential, and a third sewer tap for an additional structure.

1420 Eastwood Rd, Wilmington

1107 Pine Grove Dr, Wilmington
$509,999
4 Beds ⋅ 4 Baths ⋅ 100587984 MLS
Discover a rare opportunity to own a versatile property on an approximately half-acre lot with no HOA, offering the perfect blend of comfortable living, flexible space, and outstanding income potential. The main residence features 3 bedrooms, a dedicated office, 2 full bathrooms, and an attached 1-car garage. Recent updates include a new roof (2024) and a tankless water heater. The spacious primary suite is complemented by a stunning addition featuring soaring wood-lined ceilings, a private shower, and its own half bath, creating the perfect retreat. The expansive kitchen offers abundant counter space, custom cabinetry, and an oversized walk-in pantry, while the dining area flows seamlessly into the living room beneath impressive vaulted ceilings. Step outside to enjoy the fenced patio complete with a fire pit--an ideal setting for entertaining family and friends. Adding even more value is the fully equipped 1-bedroom, 1-bath accessory dwelling unit (ADU) with its own attached 1-car garage. Whether you're looking for an in-law suite, private guest accommodations, a home office, or a rental opportunity, this separate living space provides exceptional flexibility and the potential for supplemental income. The property also includes a large detached wooden workshop that's perfect as a man cave, she shed, hobby space, or studio, along with an additional storage shed for even more functionality. Ideally located on Pine Grove Drive, you'll enjoy quick access to some of Wilmington's most popular destinations, including Long Leaf Park, The Veggie Wagon, Wrightsville Beach, and the new Target, all just minutes away. Shopping, dining, recreation, and everyday conveniences are right at your fingertips. With its spacious homesite, no HOA, detached ADU, and highly desirable central location, this one-of-a-kind property offers a rare combination of lifestyle, flexibility, and investment potential.

1107 Pine Grove Dr, Wilmington

2852 Worth Dr, Wilmington
$1,415,000
12 Beds ⋅ 8 Baths ⋅ 100585367 MLS
Multi-family investment opportunity available in Wilmington's Midtown area. Built in 2022, this property consists of two duplex-style buildings, totaling four condominium units, with renters currently in place. Each two-story unit offers 1,501 square feet of thoughtfully designed living space, along with a 473 square foot two-car garage. Every unit features three bedrooms, including a spacious primary suite with vaulted ceilings and a spa-inspired bathroom. The additional bedrooms provide comfortable living space, abundant natural light, stylish finishes, and generously sized closets. The second floor includes a full-size laundry area and ample storage throughout. The main living level features an open-concept design, with natural light flowing through the large living room into the dining area and modern kitchen. Each unit also offers access to a covered front porch or patio, providing additional outdoor living space. Each home includes all appliances and features custom design selections with upgraded finishes throughout, including wood cabinetry and granite countertops. Conveniently located near the river, downtown Wilmington, area beaches, entertainment venues, museums, art districts, restaurants, shopping, and more, this property presents an excellent investment opportunity. With renters already in place and continued demand for housing, this development offers strong potential for steady rental income and long-term investment value.

2852 Worth Dr, Wilmington

808 N 5th Ave, Wilmington
$835,000
6 Beds ⋅ 4 Baths ⋅ 100564082 MLS
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.

808 N 5th Ave, Wilmington

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