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Awning Analysis
Neighborhood
Schools
Market Statistics
Demographics
501 S 5th AvenueWilmington, NC 28401
$375,000  
4  Bd
2  Ba
2,130  Sq. Ft.
Like Property
Key Insights
B+
Overall Niche neighborhood grade
This neighborhood is a desirable place to live! See details
NEW
Market Data
A-
Overall Niche school grade
The public schools in this area are top notch! See details

Awning Agent
Humberto Marquez
Humberto Marquez
#: 342263
Humberto has four years of real estate experience prior to working for Awning. He has helped hundreds of clients across multiple real estate markets with buying properties and actively invests himself. Feel free to ask him any questions you have about Awning, investing, or any listing.
Note from Humberto
The advisor has not left any notes on this property.
Ask Humberto a question
Response time: typically within an hour
Text or call  415-941-3401

Description
This Castle Street District home is a Diamond in the Rough! From the front porch you can see the famous Fire Station No. 2! It's a few minutes to restaurants, bars, coffee and a yoga studio. It's a renovation project in need of a new owner that will appreciate the 4 original wood fireplace mantels with hundred year old fireplace tiles and original pine hardwood floors. Renovations have been estimated to be at least $200,000, but after, you will have a historic home done exactly to your taste! The roof was replaced two years ago so you can go in and lovingly preserve its historical features. The pine floors appear to have only been carpeted and never varnished so they would need light sanding and ready for the varnish color you choose. It would be the only varnish they have seen in 100 years. The location is unbeatable. This neighborhood is so charming that several movies have been shot here. Such an opportunity! Call your realtor and general contractor today and make this your dream home!
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Listed by: Celeste Salzberg · DRE#: 556501665 · Momentum Companies Inc.Source: MLS logo ncrmls · MLS#: 100365514 · Originating MLS: North Carolina Regional MLSAwning last checked: today at 2:47 PM | Last updated 08/17/2023Listing data provided via Home Junction MLS logo

Property Facts & Features
Facts
Units
1
$/SQFT
$185
$/Unit
$395,000
Lot size
2,971
Built in
1903
Days on Awning
438

Copyright: Listing Information © 2024 NCRMLS. All rights reserved. Disclaimer: North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.MLS logo
 
Awning Analysis The following projections are computed using a proprietary formula. It is a starting point in determining the financial potential for a specific property. The analysis is pulled from public property data and similar local properties listed for rent; there may be special features, location, and market conditions our algorithms have not taken into account.
Monthly Estimated Airbnb Revenue
$5,190

NeighborhoodGet to know what living in 28401 is like.
Report Card for 28401Niche grades and rankings are calculated using dozens of public data sets and millions of reviews. Learn more about how Niche calculates these grades.
Overall Grade
B+

Public Schools
A-
Commute
A
Cost of Living
B-
Crime & Safety
A
Diversity
A
Good for Families
B+
Jobs
C
Walkability
B+
Data provided by Niche.

Living in 28401
Bars
A+
Coffee Shops
A
Health & Fitness
B+
Nightlife
A+
Outdoor Activities
B+
Parks
A-
Restaurants
A+
Weather
B+
Data provided by Niche.

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Schools in 28401
This is based on data from the U.S. Department of Education along reviews from students and parents.
Overall GradeThis home is in an A- school district, meaning the public schools in this area are top notch!
A-

Isaac M. Bear High SchoolGrades 9 to 12Serves this home • 5.7 miles away
A
Academics
A
Teachers
A
Student-Teacher Ratio
22:1
Total Students
233
Career Readiness Academy at Mosley PlcGrades PK, 6 to 12Serves this home • 4.1 miles away
-
Academics
-
Teachers
B+
Student-Teacher Ratio
7:1
Total Students
117
Codington Elementary SchoolGrades K to 5Serves this home • 7.3 miles away
A-
Academics
A
Teachers
A-
Student-Teacher Ratio
16:1
Total Students
531
Wilmington Early College High SchoolGrades 9 to 12Serves this home • 12.0 miles away
A
Academics
A-
Teachers
B
Student-Teacher Ratio
24:1
Total Students
251
New Hanover High SchoolGrades 9 to 12Serves this home • 1.3 miles away
B+
Academics
B
Teachers
B-
Student-Teacher Ratio
16:1
Total Students
1480
School data provided by Niche.  School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Market StatisticsMarket Statistics are provided directly from Niche, as well as calculated using historical transaction data provided by local governments.
28401 StatsSee how this home compares to the zip code medians.
28401 Median
Home Value
$157,400
Rent
$884
Rent-to-Income
31.4%
Income
$33,741
This Home
Listing Price
$375,000138% higher than zip
Rent
$2,270157% higher than zip
Rent to Income
80.7%157% higher than zip
Market statistics provided by Niche.


Demographics
Learn more about the area's income, population, and employment trends. Data provided by the US Census and the Bureau of Labor Statistics.
Household Income
See how the area’s average household income has changed over time.
This chart is unavailable due to screen size
in Year 2019
  • 28401
    $51k
  • County
    $77k

Population
See how the area’s total population has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 28401
    25,176
  • Average in County
    23,944

Rent vs Own
See the percentage of homes occupied by owners in the area.
% Owner Occupied for 2840141%
% Owner Occupied for County61%

Employment
See the percentage of adults working white collar jobs in the area.
% White Collar for 2840161%
% White Collar for County55%

Hold Bachelor's Degree
See the percentage of adults who hold at least a bachelor's degree in the area.
2840126%
County43%

Age Distribution 28401
See the distribution of people by age in 28401.
Under 2025%
20 - 4433%
45-6425%
65+17%