416 North 5th Avenue

Off Market

416 North 5th Avenue

Wilmington NC 28401

2600 sq. ft.

6098 sq. ft.

Duplex

Last sold for $792,500

Benjamin T Eisenberg, last sold this property on 17 November 2025 after 395 days on market.

Overview

This fully rebuilt downtown residence captures the timeless character of Wilmington's historic district while offering modern finishes and flexible living arrangements. Constructed to historical guidelines and approved by Wilmington's Historical Society, the home blends curb appeal with durability and style — making it truly plaque-worthy. Currently configured as two residences, the property offers both lifestyle and income potential. The first-floor unit is already operating as a short-term rental, while the upper level is leased to a long-term tenant for consistent cash flow. If both units were converted to short-term rentals, projected income is estimated at $80,000-$90,000 annually — making this an exceptional opportunity for investors. The home can also serve as a multi-generational retreat or easily be converted into a single-family residence by reopening the original interior doorway. Inside, each residence is thoughtfully finished with quartz countertops, stainless steel appliances, farmhouse sinks, engineered French oak flooring, and designer tile bathrooms. Primary suites feature custom walk-in closets and spa-style showers. High ceilings, wide baseboards, and craftsman-style details add warmth and sophistication throughout. Just steps from the Riverwalk, dining, and cultural attractions, this property represents a rare opportunity: a historically recognized home with turnkey rental income and flexible options for the future.

Features

6 bedrooms

4 bathrooms

2600 sq. ft. floor area

6098 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Wilmington over the last 12 months, the estimated median property value of 416 North 5th Avenue is $545k.

Median value

$545k

Estimated value range

$345k - $1.05m

Median days on market

114

Estimated value trend

-20%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Wilmington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 416 North 5th Avenue

2025

Sold

$792,500

17 Nov 2025 by Benjamin T Eisenberg, of RE/MAX Essential

2023

Sold

$365,000

05 Sep 2023 by Hannah Babatunde, of Keller Williams Realty

Happy sellers in Wilmington

We have insufficient information to provide an overview of customer satisfaction for Wilmington. Viewing the agent profiles, reviews and sales for Wilmington can provide insights for this location.

Local market activity for 6 bedroom duplexes in Wilmington

In the last 12 months, 5 six-bedroom duplexes similar to 416 North 5th Avenue, have been sold.

This represents a 50% decrease in six-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Wilmington for a market analysis.

Jennifer Bullock Team

at Jennifer Bullock Team

(257 reviews)

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Jeffrey Hovis

at Intracoastal Realty Corp.

(2 reviews)

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Mary-Margaret Porter

at Landmark Sotheby's International Realty

(4 reviews)

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Katie Kowalski

at Jennifer Bullock Team

(43 reviews)

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Nearby agents

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Jennifer Bullock Team

Sellers who recommend Jennifer Bullock Team have praised them for being local expert, clear communication, responsive, supportive, great team, friendly, and dedicated