Date
Details
Price
Change
Source
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.
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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
- Price: $259,900
- Taxes: $1,268 (2025)
- Status: Active
- Type: Duplex
- Source: 2253
- MLS ID: 100578989
- Updated: 6/4/2026
- Added to Site: 1 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 and Intracoastal Realty Corporation, Bob S Fannon
We Value Your Privacy
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Listing agents
— 2827 Penn St —
The Rising Tide Team
Intracoastal Realty Corporation
Bob S Fannon
Intracoastal Realty Corporation
NMLS#: 1598647Get 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
Tax History
Tax History for 2827 Penn St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,268
63%
$215,500
141%
2024
$780
3%
$89,600
—
2023
$757
98%
$89,600
—
2021
$383
-50%
$89,600
—
2022
$762
99%
$89,600
66%
2021
$383
-33%
$54,100
—
2018
$570
3%
$54,100
—
2016
$555
—
$54,100
8%
2016
$555
5%
$50,100
—
2015
$531
-7%
$50,100
-7%
2019
$570
12%
$54,100
8%
2014
$508
1%
$50,100
—
2013
$503
—
$50,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2827 Penn St
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2827 Penn Street, Wilmington, NC 28412 (MLS# 100578989) is a Duplex property with 4 bedrooms and 0 full bathrooms. 2827 Penn Street is currently listed for $259,900 and was received on June 04, 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.