2827 Penn St, Wilmington, NC 28412

$275,000
4
BD
2
BA

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Sold Price
$275,000
List Price
$259,900
Status
CLOSED
MLS#
100578989
Closing Date
Jul 13, 2026
Days on Market
5
Year Built
1942
Levels
One
Bedrooms
4
Bathrooms
2
Acres
0.24
Neighborhood
Belmont

Property Description

Attention investors and house-hackers! Welcome to 2825 & 2827 Penn Street, a highly desirable side-by-side duplex located in the heart of Wilmington, NC. This rare, low-maintenance income property features two distinct units, making it the perfect addition to any real estate portfolio or an ideal opportunity to live in one side and rent out the other. Each unit boasts a functional layout with classic hardwood flooring, separate utility meters, and a spacious shared yard. Situated in a quiet, established neighborhood with no HOA restrictions, this property offers incredible ease of management and maximum rental flexibility. Enjoy a stellar location just minutes from Downtown Wilmington's historic Riverfront, local dining, shopping, and major transit routes. With a strong historical rental market in the area and immediate cash-flow potential, this duplex is a true ''set-it-and-forget-it'' investment. Opportunities like this on Penn Street don't last long--schedule your tour today and start building equity!

Additional Information

Appliances
Dryer
Interior Features
Second Kitchen
Cooling
Window/Wall
Heating
Wall Furnace, Natural Gas
Foundation
Crawl Space
Roof
Architectural, Shingle
Lot Information
Corner Lot
Utilities
Natural Gas Available, Natural Gas Available, Sewer Available, Water Available, Electricity Available, Electricity Available, Phone Available, Sewer Connected, Water Available
Lot Water Features
Other
Water
Public
Elementary School
Sunset
Middle School
Williston
High School
New Hanover

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corporation. Selling Office: Coldwell Banker Sea Coast Advantage-Midtown.

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