5417 Park Avenue
Wilmington, NC 28403
$625,000
About the property
Excellent opportunity to own 2 income-producing units on a single parcel less than 1 mile from UNCW! Situated on a spacious 0.27-acre lot, this unique property offers a 1,419 sq ft, 3-bedroom, 2-bath main home plus a 1,109 sq ft detached 2-bedroom, 1.5-bath ADU, providing a total of 2,528 heated sq ft, making it an excellent opportunity for rental income, multigenerational living, or guests.
The main home features a spacious living room leading into the expansive kitchen and dining area. The kitchen offers stainless steel appliances, abundant cabinetry, and a large center island. Privately located at the rear of the home, the primary suite includes a spacious walk-in closet and an en suite bath with dual vanities and a deep jetted tub. Two additional bedrooms and a full bath provide flexibility for family or guests. Additional features include a covered front porch and a laundry/mud room opening to a wood deck connected to the ADU.
The ADU, recently renovated in 2025, features durable luxury vinyl plank flooring throughout. The lower level includes two bedrooms with tray ceilings, a full bath with dual vanities and a tiled walk-in shower, plus a laundry closet. Upstairs, the open living area features a kitchen with granite countertops, stainless steel appliances, a raised breakfast bar, and a half bath. The balcony off the main porch offers the perfect place to enjoy morning coffee.
An oversized driveway and parking pad provide abundant off-street parking. Recent updates include a new roof on the main home (2023), main home HVAC (2022), ADU HVAC (2024 with Anderson Air warranty through December 2034), and water heaters in both residences (main home 2022; ADU 2024). Conveniently located less than 1 mile from UNCW and the Wilmington Municipal Golf Course, 5 miles from Wrightsville Beach, and 7 miles from downtown Wilmington, this property combines an unbeatable location with exceptional flexibility for homeowners and investors alike.
At a glance
Listing details
- Full bathrooms
- 3
- Half bathrooms
- 1
- Heated square feet
- 1,419
- Lot acres
- 0.26
- Lot dimensions
- irregular
- Stories
- 1
- Zoning
- R-15
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- Winter Park
- Middle school
- Roland Grise
- High school
- Hoggard
- School district
- New Hanover
Complete report
Property features
- City
- Wilmington
- Sub-Type
- Single Family Residence
- County
- New Hanover
- Location Type
- Mainland
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Marketing City
- Wilmington
- Year Built
- 2004
- # Baths - Total
- 4
- # Bedrooms
- 5
- # Rooms
- 6
- Master Bedroom Level
- Primary Living Area
- Waterview
- No
- New Construction
- No
- Sign on Property
- Yes
- Handicap Accessible
- None
- Attic
- No Access
- Appliances/Equip
- Dishwasher; Electric Range; Refrigerator
- Basement
- None
- Construction
- Wood Frame
- Property Condition
- Completed
- Cooling
- Central Air; Heat Pump
- Dining Room Type
- Combination
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Vinyl Siding
- Other Structures
- Guest House
- Foundation
- Crawl Space
- Terms
- Cash; Conventional; FHA; VA Loan
- Trash Collection
- City Pick-UP
- Furnished
- Negotiable
- Unit Type
- 3 Bedroom
- Flooring
- Laminate; Tile
- Fencing
- None
- Interior Features
- 2nd Kitchen; Eat-in Kitchen; Kitchen Island; Master Downstairs; Mud Room; Walk-in Shower; Walk-In Closet(s)
- Garage & Parking
- Total Parking Spaces: 6; Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0
- HOA and Neigh Amenities
- Club Membership: None Selected
- Heated SqFt
- 1400 - 1599
- SqFt - Heated Separate
- 1,109
- Heating
- Forced Air; Heat Pump
- Heating System Fuel Source
- Electric
- Lot Features
- Open Lot
- Laundry Features
- Hookup - Dryer; Hookup - Washer; Laundry Room
- Lot Water Features
- None
- Patio and Porch Features
- Covered; Deck; Front Porch; Porch
- Parking Features
- Concrete; Gravel; Off Street; On Site
- Pool Features
- None
- Roof
- Architectural Shingle
- Road Type/Frontage
- Paved; Public (City/Cty/St)
- Levels
- One
- Separate Living Spcs
- Guest House Desc: ADU
- Electric Provider
- Duke Progress Energy
- Water Heater
- Electric
- Utilities
- Sewer Connected; Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Water Provider
- Cape Fear Public Utility Authority
- Sewer Provider
- Cape Fear Public Utility Authority
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $498,300
- Cobra Zone
- No
- Deed Book
- 6568
- Deed Page
- 2400
- Plat Book
- 4
- PID
- R06206-003-001-000
- Tax Identifier
- R06206-003-001-000
- Plat Page
- 7
- Total Real Estate Property Taxes
- $2,932.5
- Special Assessments
- n/a
- Tax Year
- 2025
- Legal
- LOT 3, W 21' OF LOT 4 BLK 3 GREENWOOD ESTATES
- Directions to Property
- Heading East on Wrightsville Ave, take a right one Hawthorne Drive, take a left on Park Ave. 5417 Park Ave will be on your left.