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$600,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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This fully entitled development site presents a rare opportunity to move directly into construction. Plans have been completed for a mixed-use building consisting of 10 residential units and 1 commercial space, allowing for a well-balanced income stream. The property has already undergone significant pre-development work, including completed site clearing and grading, installed utilities, and paid tree mitigation fees. With an active building permit in place, this offering significantly reduces timeline risk and carrying costs, positioning it as a highly efficient and shovel-ready investment.

Full Property Details for 818 S 5th Ave

General

  • Price: $600,000
  • Taxes: (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: 2253
  • MLS ID: 100586857
  • Updated: 7/7/2026
  • Added to Site: 3 day(s) ago

Location

  • County: New Hanover
  • Subdivision: Not In Subdivision
  • Driving Directions: From 3rd St Turn Left onto Dawson St. Property is on the corner of 5th St and Dawson St.

School Information

  • Elementary School: Other
  • High School: New Hanover

Utilities

  • Sewer: Municipal Sewer, Cape Fear Public Utility Authority
  • Water: Public
  • Utility Description: Sewer Connected, Water Connected

Structural Information

  • Current Bldg. Use: Multi-Family, Commercial, Residential

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276
  • Lot Dimensions: 96 x 55
  • Frontage: Maintained, City Street, State Road
  • Topography: Cleared, Level
  • Lot Features: Corner Lot
  • Zoning: UMX
  • Fencing (Description): None

Financial Considerations

  • For Sale: Yes
  • Price Per Acre: $3,157,894.74
  • Assessment Amount: $330,100
  • Tax Year: 2026

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: PT EM 6 BLK 48
  • Property ID: R05409-028-017-000

Listed by Dominion Real Estate Group LLC, Seth D Huntt

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Listing agent

— 818 S 5th Ave —

  • Seth D Huntt

    Dominion Real Estate Group LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 818 S 5th Ave

School District:New Hanover County Schools
NameGradesDistance
Annie H Snipes Elementary
2150 Chestnut Street, Wilmington, NC 28405
K-51.6 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-80.6 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-121.1 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 818 S 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Listed
$600,000
140%
MLS
3/01/2024
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 818 S 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,038
42%
$176,400
110%
2024
$730
3%
$83,900
—
2023
$709
-1%
$83,900
—
2021
$718
1%
$83,900
—
2022
$713
-1%
$83,900
43%
2021
$718
16%
$58,800
—
2019
$619
—
$58,800
—
2018
$619
—
$58,800
—
2017
$619
-18%
$58,800
-14%
2016
$757
5%
$68,300
—
2015
$723
5%
$68,300
—
2013
$686
—
$68,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Dominion Real Estate Group LLC, Seth D Huntt

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818 S 5th Avenue, Wilmington, NC 28401 (MLS# 100586857) is a Multi-Family property with a lot size of 0.19 acres. 818 S 5th Avenue is currently listed for $600,000 and was received on July 07, 2026. Want to learn more about 818 S 5th Avenue? Do you have questions about finding other Multi-Family 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.

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