1504 Orange Street
Wilmington, NC 28401
- 3 beds
- 2 baths
- 1,288 sqft
- 4,356 sqft lot
- $434 per sqft
- 1923 build
- – on site
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 ADU, with its 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!
Last checked:
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Last updated Mar 25, 2025
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MLS# 100493789 —
The Building
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Year Built:1923
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Construction:Wood Frame
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Construction Type:Stick Built
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Roof:Architectural Shingle
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Stories:1.0
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Stories/Levels:One
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Exterior Finish:Asbestos
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Foundation:Crawl Space
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SqFt - Heated:1,288 Sqft
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Patio and Porch Features:Covered, Patio, Porch
Interior
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Interior Features:1st Floor Master, Walk-in Shower, Furnished, Kitchen Island, Ceiling Fan(s), Blinds/Shades, Apt/Suite, 9Ft+ Ceilings
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# Rooms:6
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Dining Room Type:Kitchen
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Fireplace:1
Financial & Terms
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Terms:Cash, VA Loan, FHA, Conventional
Location
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Directions to Property:From Castle St, turn right onto S 17th St, left onto Orange St, home will be on the left
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Location Type:Mainland
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City Limits:Yes
The Property
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Property Type:A
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Subtype:Single Family Residence
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Lot Dimensions:41x107
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Lot SqFt:4,400 Sqft
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Waterfront:No
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Zoning:R-5
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Acres Total:0.10
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Fencing:Back Yard, Privacy
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Road Type/Frontage:Maintained, Public (City/Cty/St), Paved
Listing Agent
- Contact info:
- Agent phone:
- (910) 241-0404
Taxes
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Tax Year:2024
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Property Taxes:$1,341.54
Beds
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Bedrooms:3
Baths
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Total Baths:2.00
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Full Baths:2
The Listing
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UnBranded Virtual Tour:https://www.zillow.com/view-3d-home/b19a9189-dae8-4aa9-a9cc-4a278486ef73?setAttribution=mls&wl=true&utm_source=dashboard
Heating & Cooling
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Heating:Heat Pump
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Heated SqFt:1200 - 1399
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Cooling:Central
Utilities
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Utilities:Municipal Sewer, Municipal Water
Schools
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School District:New Hanover
The Community
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Subdivision:Not In Subdivision
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Secondary Subdivision:N/A
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HOA:No
Parking
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Parking Features:On Street
Monthly cost estimate
Asking price
$559,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,993
|
| Taxes | $111 |
| Insurance | $153 |
| Utilities | $175 See report |
| Total | $3,432/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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3/25/25
Mar 25, 2025
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Price Changed | HIVE | $559,000 | -1.9% |
|
3/12/25
Mar 12, 2025
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Listed / Active | HIVE | $569,900 | 58.3% (35.1% / YR) |
|
7/14/23
Jul 14, 2023
|
HIVE | $360,000 |
