4924 Oleander Drive
Wilmington, NC 28403
$525,000
About the property
Unique investment and owner-user opportunity in one of Wilmington's most visible and desirable corridors. Located on highly traveled Oleander Drive and zoned Residential Office (RO), 4924 Oleander Drive offers exceptional flexibility for residential, professional office, rental income, or mixed-use applications (subject to applicable city regulations and approvals).
The property features a charming 2-bedroom, 1-bath main house that is currently vacant, providing immediate occupancy for an owner-user, tenant placement, or office conversion. Complementing the main residence is a detached 2-car garage with a 2-bedroom, 1-bath accessory dwelling unit (ADU), currently tenant occupied. The ADU will require some finish work and repairs, presenting an opportunity for value-add improvements.
The Residential Office zoning opens the door to a variety of potential uses, including residential occupancy, professional office space, live-work arrangements, rental investment, or other permitted uses. Buyers should verify intended use with the City of Wilmington.
Positioned in a high-visibility location with excellent access and exposure, the property is just minutes from the University of North Carolina Wilmington (UNCW), Independence Mall, Hanover Center, Novant Health facilities, restaurants, retail centers, and numerous professional businesses. Its central Wilmington location provides convenient access to Downtown Wilmington, Wrightsville Beach, and major transportation corridors.
Whether you're seeking an income-producing investment, a live-work property, professional office location, or redevelopment opportunity, 4924 Oleander Drive offers versatility, visibility, and long-term potential in one of Wilmington's most established commercial and residential districts.
Property is being sold AS-IS.
At a glance
Listing details
- Full bathrooms
- 2
- Half bathrooms
- 0
- Heated square feet
- 1,032
- Lot acres
- 0.53
- Lot dimensions
- 80x301x84x277
- Stories
- 1
- Zoning
- ROD
- HOA
- No
- Waterfront
- No
- Fireplace
- Yes
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
- 1940
- # Baths - Total
- 2
- # Bedrooms
- 4
- # Rooms
- 5
- Master Bedroom Level
- Primary Living Area
- Fireplaces Total
- 2
- New Construction
- No
- Sign on Property
- Yes
- Appliances/Equip
- Dryer; Electric Range; Refrigerator; Washer; See Remarks
- Construction
- Wood Frame
- Cooling
- Heat Pump; Other
- Dining Room Type
- Formal
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Vinyl Siding
- Other Structures
- Shed(s)
- Foundation
- Crawl Space
- Terms
- Cash; Conventional
- Rental Information
- Lease Term: Month To Month; Is the Seller the Property Manager
- Lease Term
- Month To Month
- Fuel Tank
- Fuel Tank; Above or Below Ground: Below Ground; Fuel Type: Oil; In Use: No; Owned or Leased: Owned
- Furnished
- Unfurnished
- Flooring
- Tile; Wood
- Fencing
- Partial
- Interior Features
- Blinds/Shades; Ceiling Fan(s); Pantry; Wood Burning Stove
- Garage & Parking
- Total Parking Spaces: 5; Attached Garage Spaces: 0; Detached Garage Spaces: 2; Total # Garage Spaces: 2; Total Carport Spaces: 0
- HOA and Neigh Amenities
- No Amenities
- Heated SqFt
- 1000 - 1199
- SqFt - Heated Separate
- 1,129
- Heating
- Heat Pump; Other
- Heating System Fuel Source
- Electric
- Laundry Features
- Hookup - Dryer; Hookup - Washer; Laundry Closet
- Patio and Porch Features
- Deck; Front Porch
- Parking Features
- Garage; Gravel
- Roof
- Architectural Shingle
- Road Type/Frontage
- Maintained; Paved; Public (City/Cty/St)
- Showing Instructions
- 24 Hour Notice
- Levels
- One
- Separate Living Spcs
- Det Garage Apt Desc: 2 bed /1 bath ADU
- Water Heater
- Electric
- Utilities
- Sewer Connected; Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $529,700
- Deed Book
- 1357
- Deed Page
- 818
- Plat Book
- 3
- PID
- R06108-008-009-000
- Tax Identifier
- R06108-008-009-000
- Plat Page
- 79
- Total Real Estate Property Taxes
- $3,117.29
- Special Assessments
- None Known
- Tax Year
- 2025
- Legal
- Lot 9 Pine Grove (Mb3-79)
- Directions to Property
- Headed South on College Road, turn left onto Oleander Dr. Pass Pine Grove Dr. House will be on the right side of Oleander a couple blocks past Pine Grove Dr.