Date
Details
Price
Change
Source
4/05/2026
Listed
$349,000
—
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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1/13
$349,000
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Property Description
This prime real estate opportunity in Downtown Wilmington, NC features a duplex with 3 bedrooms and 1.5 bathrooms in one unit and 2 Bedroom and 1 bath in the other. . Located in a high-demand area, this property is ideal for investors seeking robust rental yields or owner-occupants looking to live in one unit while generating income from the other.
Full Property Details
Full Property Details for 509 Walnut St
General
- Price: $349,000
- Taxes: $1,920 (2025)
- Status: Active
- Type: Duplex
- Source: 2253
- MLS ID: 100565058
- Updated: 5/13/2026
- Added to Site: 41 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Electric Oven, Refrigerator
- Furnishings: Unfurnished
- Flooring: LVT/LVP, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Dryer Hookup, Washer Hookup
Exterior
- Porch/Patio/Deck: Covered, Front Porch
Parking
- Parking Features: On Street
Location
- County: New Hanover
- Subdivision: Rankin Place North
- Driving Directions: Traveling north on 4th st turn right onto Walnut, and the home is up a block on the left
School Information
- Elementary School: Snipes
- 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: Baseboard, Electric
Utilities
- Sewer: Municipal Sewer, Cape Fear Public Utility Authority
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame
- Construction: Aluminum Siding, Wood Frame
- Basement Desc.: None
- Roof: Shingle
- Square Feet: 1,792
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,223
- Lot Dimensions: 66 x 49
- Zoning: HD-R
- Fencing (Description): Back Yard
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $194.75
- Operating Expenses: $3,887
- Assessment Amount: $326,300
- Tax Amount: $1,920.28
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Wm 5 Wilmington Blk 222
- Property ID: R04813-034-018-000
Listed by Intracoastal Realty Corporation, Jeffrey G Hovis and Intracoastal Realty Corporation, Sky Grainger
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Listing agents
— 509 Walnut St —
Jeffrey G Hovis
Intracoastal Realty Corporation
Sky Grainger
Intracoastal Realty Corporation
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 509 Walnut St
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Annie H Snipes Elementary 2150 Chestnut Street, Wilmington, NC 28405 | K-5 | 1.3 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 0.8 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 0.7 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 509 Walnut St
Tax History
Tax History for 509 Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,920
54%
$326,300
128%
2024
$1,248
3%
$143,400
—
2023
$1,212
-1%
$143,400
—
2022
$1,219
100%
$143,400
28%
2021
-100%
$111,600
—
2019
$1,176
—
$111,600
—
2017
$1,176
-21%
$111,600
-17%
2016
$1,497
5%
$135,100
—
2015
$1,431
6%
$135,100
—
2013
$1,356
—
$135,100
—
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 509 Walnut St
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
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- Single Family
- Active
- Updated 3 hours ago
- 4Beds
- 3Total Baths
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509 Walnut Street, Wilmington, NC 28401 (MLS# 100565058) is a Duplex property with 5 bedrooms and 0 full bathrooms. 509 Walnut Street is currently listed for $349,000 and was received on April 05, 2026. Want to learn more about 509 Walnut Street? Do you have questions about finding other Duplex real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.