We are selling our historic downtown duplex after a decade of loving it and the cashflow it provided us!. The downstairs unit is a 2/1.5 bath apartment with 1100 square feel. It was completely gutted and remodeled in 2008 and includes new hvac, insulation, plumbing/ hvac, etc. Brand new kitchen with quartz countertops, brand new bathrooms, complete layout was reconfigured to include an oversized french door off of the kitchen leading to a deck in the fenced in back yard. We put our hearts and souls into this renovation. The upstairs unit is the upstairs flat, a large 1.5 bedroom also 1100 square feet. It could easily be turned into a two bedroom apartment. As is, it has always rented without difficulty, but can pull in a prettier penny if it is given the cosmetic updates it deserves. This is an incredible opportunity to buy/ invest in one of the most sought after locations in historic downtown Wilmington. Historic duplexes are literally impossibly to find in the growing northside area of historic downtown. This will go fast. Our last historic downtown rental sold to a cash buyer, which benefitted both us and the buyer in terms of realtor fees, so we are giving cash buyers first priority. Please text or email. Thanks. 910.297.2629
Off market
$584,500
516 Grace St #2, Wilmington, NC 28401
3beds
2,200sqft
MultiFamily
Built in 1895
-- sqft lot
$584,500 Zestimate®
$266/sqft
$1,873 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Heat pump, Electric, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Hardwood
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,200 sqft
Property
Parking
- Total spaces: 4
- Parking features: On-street
Features
- Exterior features: Wood
- Has view: Yes
- View description: City
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1895
Community & neighborhood
Location
- Region: Wilmington
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$584,500
2% more+$11,690
With Zillow Showcase(estimated)$596,190