$480,000

402 S 5th Ave Wilmington, NC 28401

$5,700
Closing credit¹
3 beds
2 full
1,576 sqft
0.05 acres
$305 / sqft
House

Property details

About 402 S 5th Ave

Charm, Charm, Charm!Step into the timeless beauty of this charming downtown Wilmington home, where historic elegance meets modern comfort. As you approach, the spacious front covered porch welcomes you with its classic appeal and a distinguished historic plaque. Once inside, you'll be captivated by the grand foyer, featuring original ornate wainscoting and a beautifully preserved staircase -- a true testament to the home's 1903 craftsmanship.Known as the A.M. Wilson House and celebrated as a designated local landmark by the Historic Wilmington Foundation, this residence is most famously associated with Dolly Humphrey Pearson, whose legacy lives on in the memorial across South Fifth Avenue, honoring her beloved gardens.This home offers three inviting bedrooms, including a convenient downstairs bedroom, perfect for guests or versatile living arrangements. The newly remodeled kitchen is a chef's delight, complete with a spacious pantry and modern finishes that complement the home's historic charm.Relax and enjoy your morning coffee on one of the three covered porches or retreat to the tranquil backyard gazebo, surrounded by mature landscaping. With its unbeatable location, you're just a short stroll from the vibrant shopping, dining, entertainment, and nightlife of Downtown Wilmington.Great Opportunity: With its undeniable character and prime location, this property offers massive Airbnb and rental potential for those seeking a lucrative investment or the perfect vacation rental.Experience the allure of this historic gem -- schedule your private showing today!

Highlights

Home typeSingle Family Residence
HeatingFireplace(s), Heat Pump, Forced Air
StatusActive
CoolingCentral Air, Heat Pump
Size1,576 sqft
Lot size0.05 Acres
Year built1903
ParkingOn Street, Street Only
MLS #100497142
Fireplace1

Summary

  • MLS Number: 100497142
  • Office Name: Bryant Real Estate

IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house with covered porch, a chimney, and roof with shingles

$480,000

402 S 5th Ave

$5,700

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 07, 2021
Home Sold
$240,000

Tax history

YearAssessmentProperty Tax
2023$233,600$986
2022$233,600$992
2021$233,600$999
2020$225,100$1,185
2019$225,100$1,185
2018$225,100$1,185
2017$225,100$996

History based on county public records data.

Nearby schools

5

Douglass Academy

Public Charter KG-5

0.8 mi

507 N 6th St

3

Annie H Snipes Academy of Arts & Design

Public Magnet KG-5

1.4 mi

2150 Chestnut St

5

Sunset Park Elementary School

Public District KG-5

1.6 mi

613 Alabama Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $37,211. Typical income of Wilmington, NC residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

47%
<35k
49%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

72%
Single, No Kids
8%
Single, with Kids
13%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
5%
12-17 yrs old
34%
18-34 yrs old
41%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • SoccerSoccer
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Forever 21Forever 21
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • QdobaQdoba
  • Dominos PizzaDominos Pizza
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • VolkswagenVolkswagen
  • MazdaMazda
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

About 402 S 5th Ave

This home is located at 402 S 5th Ave in Wilmington, NC and zip code 28401 in the Old Wilmington neighborhood. This 1,576 square foot home, which was built in 1903, sits on a 0.05 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $480,000.

Wilmington, NC housing market in March 2025 saw over 31 listings sold above listed price, more than 58 sold at listed price and over 159 sold below. The number of listings in Wilmington, NC increased by 14.6% between February and March 2025. Listings spent 50 days on the market in March 2025, and had a median list price of $439,251 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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