Triplex at 5018 Oleander Drive, Wilmington, NC 28403
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$979,000

5018 Oleander Drive, Wilmington, NC 28403
Wilmington, NC 28403
Listed by Jeffrey G Hovis · Intracoastal Realty Corporation
Bedrooms
2
Bathrooms
N/A
Living area
N/A
Year built
1954

About this home

Unique Opportunity in Midtown Wilmington. Discover a rare commercial mixed-use property located in the heart of Midtown Wilmington. This offering includes two buildings totaling approximately 3,900 square feet(3579 SF Heated and 347 SF enclosed), ideally situated on nearly half an acre along the high-visibility Oleander Drive corridor. There is a store front, design studio and a one-bedroom apartment. Positioned within the RO (Residential Office) zoning district, the property allows for a wide range of both residential and commercial uses, making it perfect for entrepreneurs, investors, or those seeking a live/work environment. The buildings have recently undergone a comprehensive renovation, featuring a flexible floor plan that can easily adapt to various business or residential needs. The layout and improvements provide excellent potential for office space, a small professional practice, creative studio, or a combination of uses. Currently owner-occupied, this property offers a unique opportunity for owner-users or as a turnkey investment in one of Wilmington's most central and accessible locations.

Property details

MLS
Hive MLS
MLS #
100516487
Property type
Triplex
Subdivision
Piney Woods
Status
Active
Days on market
456
On market date
August 4, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.46 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Dr John Codington Elem
3.86 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
454
Student:teacher ratio
15.1:1
District
New Hanover County Schools
Middle
Roland-Grise Middle
0.96 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
830
Student:teacher ratio
15.1:1
District
New Hanover County Schools
High
Isaac M Bear Early College High School
0.96 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
230
Student:teacher ratio
23.0:1
District
New Hanover County Schools

Walkability

Blended score for Wilmington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

48
Somewhat walkable
out of 100
EPA National Walkability Index
9.7 / 20 -- Below average walkable

Market position

How this listing compares to current activity in Wilmington, from live MLS data.

On the market 456 days -- 358 more days than Wilmington's current average of 98 days.
For reference, the median list price across 1,445 active listings in Wilmington right now is $419,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,046/mo
$195,800 down
$783,200 loan
Principal & interest$5,080
Property tax (est.)$816
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.