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$295,000
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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
- Sold For: $295,000
- Taxes: $1,920 (2025)
- Status: Closed
- Type: Duplex
- Source: 2253
- MLS ID: 100565058
- Added to Site: 91 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Number of Fireplaces: 2
- 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.: $179.69
- 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
Sold by Intracoastal Realty Corporation, The Rieker Team
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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
Date
Details
Price
Change
Source
8/19/2026
Sold
$295,000
-8.39%
MLS
7/15/2026
Price Reduced
$322,000
-4.45%
MLS
6/22/2026
Price Reduced
$337,000
-3.44%
MLS
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.
509 Walnut Street, Wilmington, NC 28401 (MLS# 100565058) is a Duplex property that was sold at $295,000 on August 19, 2026. Want to learn more about 509 Walnut 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.

