This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$275,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Attention investors and house-hackers! Welcome to 2825 & 2827 Penn Street, a highly desirable side-by-side duplex located in the heart of Wilmington, NC. This rare, low-maintenance income property features two distinct units, making it the perfect addition to any real estate portfolio or an ideal opportunity to live in one side and rent out the other. Each unit boasts a functional layout with classic hardwood flooring, separate utility meters, and a spacious shared yard. Situated in a quiet, established neighborhood with no HOA restrictions, this property offers incredible ease of management and maximum rental flexibility. Enjoy a stellar location just minutes from Downtown Wilmington's historic Riverfront, local dining, shopping, and major transit routes. With a strong historical rental market in the area and immediate cash-flow potential, this duplex is a true ''set-it-and-forget-it'' investment. Opportunities like this on Penn Street don't last long--schedule your tour today and start building equity!
Full Property Details
Full Property Details for 2827 Penn St
General
- Sold For: $275,000
- Taxes: $1,268 (2025)
- Status: Closed
- Type: Duplex
- Source: 2253
- MLS ID: 100578989
- Added to Site: 48 day(s) ago
Interior
- Interior Features: 2nd Kitchen
- Appliances: Dryer
- Furnishings: Unfurnished
- Flooring: Vinyl, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: None
Exterior
- Porch/Patio/Deck: Screened, Front Porch, Rear Porch
Parking
- Parking Features: Gravel, Unpaved
Location
- County: New Hanover
- Subdivision: Belmont
- Driving Directions: Eastwood, left on Military, left on College, and left on Shipyard, then immediately right onto Williamson, then left on Rutledge, then left on to Penn house at the end of the street on the left.
School Information
- Elementary School: Sunset
- Middle School: Williston
- High School: New Hanover
Community
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace, Natural Gas
Utilities
- Sewer: Public Sewer, Cape Fear Public Utility Authority
- Water: Public
- Utility Description: Natural Gas Available, Natural Gas Connected, Sewer Available, Water Available, Electricity Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame
- Construction: Vinyl Siding, Wood Frame
- Basement Desc.: None
- Roof: Architectural Shingle, Shingle
- Square Feet: 1,392
- Year Built: 1942
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,672
- Lot Dimensions: 82 x 130 x 80 x 134
- Frontage: Maintained, City Street, State Road, Asphalt
- Lot Features: Corner Lot
- Zoning: R-5
- Fencing (Description): None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $186.71
- Assessment Amount: $215,500
- Tax Amount: $1,268.23
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: All 134 + Pt 135 Belmont
- Property ID: R06506-012-006-000
- Block: 73
- Lot Number: 134 + Pt 135
Listed by Intracoastal Realty Corporation, The Rising Tide Team
Sold by Coldwell Banker Sea Coast Advantage-Midtown, Shane Register Team
Get Pre-Approved Today
Schools
Schools serving 2827 Penn St
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Sunset Park Elementary 613 Alabama Avenue, Wilmington, NC 28401 | K-5 | 1.5 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 3.1 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2827 Penn St
Date
Details
Price
Change
Source
7/13/2026
Sold
$275,000
5.81%
MLS
6/04/2026
Listed
$259,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2827 Penn Street, Wilmington, NC 28412 (MLS# 100578989) is a Duplex property that was sold at $275,000 on July 13, 2026. Want to learn more about 2827 Penn Street? Do you have questions about finding other Duplex real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

