Downtown Homes under $500,000

Welcome to Downtown Wilmington, NC – a vibrant and historic neighborhood that perfectly blends Southern charm with modern convenience. Nestled along the picturesque Cape Fear River, Downtown Wilmington is not just a place to live; it’s a lifestyle. With its rich history, bustling arts scene, and an array of dining and shopping options, this area truly has something for everyone.

One of the most appealing aspects of Downtown Wilmington is the variety of homes available, particularly for those looking to invest under $500,000. Whether you’re a first-time homebuyer, a young professional, or looking to downsize, you’ll find an array of charming properties that cater to diverse tastes and lifestyles. From cozy bungalows with historic character to contemporary condos with stunning river views, there’s a perfect home waiting for you.

Living in Downtown Wilmington means you’ll be just steps away from beautiful parks, local boutiques, and delicious eateries. Stroll along the Riverwalk, where you can enjoy scenic views and catch live music performances, or explore the vibrant arts district, home to galleries and theaters that showcase local talent. The community is welcoming and lively, making it easy to connect with neighbors and participate in local events.

With its ideal location, rich cultural offerings, and affordable housing options, Downtown Wilmington is the perfect place to call home. Don’t miss your chance to be part of this thriving community – your dream home in Downtown Wilmington awaits!

Newest Downtown Homes under $500,000

$399,999

3 Beds ⋅ 3 Baths

LOCATION ! LOCATION ! LOCATION! BRAND-NEW CONSTRUCTION IN 2026 -- COMPLETELY REBUILT FROM THE GROUND UP! This stunning 3-bedroom, 2.5-bath home at 1005 Queens St offers the feel, quality, and peace of mind of a truly new home. The previous structure was removed, leaving nothing but the land--everything you see today was newly built in 2026. Step inside to discover modern finishes throughout, including beautiful granite countertops, soft-close cabinetry, brand-new appliances, and thoughtfully designed bathrooms with an elegant, contemporary feel. The spacious primary suite features a luxurious bathroom designed with accessibility in mind, including handicap-accessible features for added comfort and convenience. Location is everything, and this property delivers! Enjoy being just minutes from Downtown Wilmington, where you can experience concerts, restaurants, the Riverwalk, entertainment, nightlife, and the charm of Wilmington's historic district. Spend the evening enjoying a great dinner followed by a relaxing walk through the historic streets. Plus, Wrightsville Beach is approximately 20 minutes away, giving you easy access to some of the area's most desirable coastal attractions. Whether you're looking for a beautiful new home, an investment property, or an opportunity to be close to everything Wilmington has to offer, this property deserves your attention. NEW CONSTRUCTION + PRIME LOCATION + MODERN FINISHES = AN OPPORTUNITY YOU DON'T WANT TO MISS!

1005 Queen St, Wilmington

$240,000

3 Beds ⋅ 2 Baths

Welcome to 928 South 10th Street--an affordable and well-kept home offering a great opportunity for first-time buyers to get into the Wilmington market. This 3-bedroom, 2-bath home features a practical single-level layout with a comfortable living area and a natural flow into the dining space. The kitchen provides plenty of cabinet and counter space, along with a center island for added functionality. The dining area is filled with natural light, creating a bright and welcoming spot for everyday meals. The primary bedroom includes its own private bath and walk-in closet while two additional bedrooms offer flexibility for guests, a home office, or extra space as needed. A separate laundry area adds everyday convenience. Outside, you'll find a manageable yard that's easy to maintain without a lot of upkeep. Located just a short drive to downtown Wilmington, shopping, and restaurants, this home offers a solid combination of value and location. A great option for buyers looking for a simple, move-in ready home without breaking the budget.

928 S 10th St, Wilmington

$344,900

1 Beds ⋅ 1 Baths

A century of character has never looked so good. Rehabilitated in 2024, this charming downtown Wilmington cottage lets you skip the projects and start enjoying the lifestyle--morning coffee on the porch, evenings along the Riverwalk, and favorite restaurants, shops, and local attractions close by. Inside, refinished hardwood floors, an updated kitchen with butcher block countertops, and a beautifully tiled walk-in shower create a warm, welcoming retreat. The private fenced backyard--with a dock-style porch, sunshade, string lights, and low-maintenance turf--offers a peaceful place to unwind after a day downtown. Make it your full-time home, a personal Wilmington escape with rental flexibility, or continue its success as a top rated Airbnb. However you use it, 911 Dock Street makes it easy to settle in and enjoy the best of downtown living. Up to $2,500 credit with use of preferred lender, Sarah Newsome at Integrity Home Mortgage Corp.

911 Dock St, Wilmington

$450,000

2 Beds ⋅ 2 Baths

Wonderful opportunity to own in Wilmington's highly sought-after Brooklyn Arts District. Located at 314 Davis, this condo building consists of just three units, with Unit 301 occupying the entire third floor! Enjoy being in the heart of the Brooklyn Arts District, surrounded by a mix of art and yoga studios, cafés, bakeries, shopping, trendy restaurants, pubs, breweries, parks, music venues, and waterfront attractions. Spend evenings strolling to the marina or Riverwalk to take in some of Wilmington's best sunsets, all just steps from your front door. This move-in ready condo offers 1,330 square feet of space with 2 bedrooms featuring walk-in closets, 2 full bathrooms, and a dedicated office with private deck access. A rare downtown find, the property also includes an attached one-car garage plus an additional off-street parking space. Inside, tall windows fills the expansive living area with natural light. The open-concept layout features a fully equipped kitchen with a large island overlooking the living room. Whether you are searching for a full-time downtown residence, a stylish pied-à-terre for weekend beach getaways, or a low-maintenance lifestyle where you can leave the car parked and walk or bike everywhere, this property checks every box. Conveniently located just 15 minutes from Wrightsville Beach, and only a short drive to UNCW, medical facilities, and the Wilmington International Airport. Enjoy easy access to concerts at Live Oak Bank Pavilion, the annual North Carolina Azalea Festival, Riverfest, performances at Wilson Center, and the endless events and entertainment that make downtown Wilmington such a dynamic place to live. An exciting bonus: Wilmington's first permanent food truck hub and live outdoor music venue will be directly across the street. Come experience everything downtown Wilmington has to offer!

314 Davis St Unit Unit 301, Wilmington

$262,900

3 Beds ⋅ 1 Baths

Location, location... This adorable three bed ,two bath bungalow sits on a large lot just steps from Castle St and all that it has to offer: yoga, vintage shopping, a wine shop, coffee and several locally owned restaurants! This home has been rented to the same tenant for 20 years, and maintained well by the owners. New roof in 2019 and new HVAC in 2020.. The home was built in 1940 and features a large front porch, original pine floors, and interior arches characteristic of that period. A few updates will bring this jazz age back to it's glory!

517 S 7th St, Wilmington

$325,000

3 Beds ⋅ 2 Baths

Attention Investors! Rare opportunity to own Section 8 income producing property! Long term tenants in place. See attached document for property features and upgrades.

1309 Church St, Wilmington

$285,000

3 Beds ⋅ 2 Baths

Attention Investors!: Incredible opportunity to own income producing property in downtown. Designated Section 8 with long term tenant in place. See Documents for property upgrades and features.

1012 Hanover St, Wilmington

$285,000

3 Beds ⋅ 2 Baths

Attention Investors! Incredible opportunity to own income producing property in downtown, Designated Section 8 with long term tenant in place. See attached Documents for property upgrades and features.

1014 Hanover St, Wilmington

$479,000

4 Beds ⋅ 2 Baths

Located in the heart of Downtown Wilmington, 108 N 8th Street offers a great opportunity for both investors and buyers looking for flexibility and income potential. This up-and-down duplex features a total of 4 bedrooms and 2 bathrooms, making it an ideal option to add to a rental portfolio or live in one unit while generating income from the other. The property offers plenty of historic charm along with several updates, including a roof replaced in 2020, updated plumbing, electrical and mechanical systems, and recent improvements including fresh paint, refinished hardwood floors, updated insulation, and a refreshed front porch. Conveniently located just blocks from the best of Downtown Wilmington, with easy access to the Riverwalk, restaurants, coffee shops, breweries, shopping and entertainment. Whether you're looking for an income-producing investment, a primary residence with rental potential, or a property that offers options for the future, 108 N 8th Street is one worth seeing!

108 N 8th St, Wilmington

$390,000

1 Beds ⋅ 1 Baths

Located directly beneath the rooftop bar in the historic Masonic Temple building at 21 N Front Street, this distinctive condo puts you in the heart of downtown Wilmington's vibrant atmosphere. The owner openly discloses the rooftop bar's location to prospective Airbnb guests, and the property continues to rent consistently and receive rave reviews. Offered fully furnished, this turnkey, income-producing condo blends historic character with modern comfort. Set within a late-1800s landmark that once served as a lively social and commercial hub, the two-story residence features soaring 30-foot ceilings, beautifully refinished hardwood floors over 100 years old, and original crown molding. The updated kitchen offers granite countertops, stainless steel appliances, white cabinetry, and a spacious island for gathering and entertaining. Upstairs, the loft-style primary retreat includes a king-size bed and an additional living area, along with peek views of the Cape Fear River and Cape Fear Memorial Bridge. Currently operating as a successful short-term rental, this furnished property offers an inviting opportunity for investors, second-home buyers, or anyone seeking a distinctive downtown residence. Enjoy a walkable location just steps from the Riverwalk, restaurants, shopping, and entertainment, with Live Oak Bank Pavilion, Kilwins, Ice Cream and Gelarto nearby. Historic charm, downtown energy, and an established rental history--all in one remarkable property. Schedule your showing today!

21 N Front St Unit Unit 3b3, Wilmington

$325,000

1 Beds ⋅ 1 Baths

Experience downtown Wilmington living from one of the city's most iconic historic addresses at 21 N Front Street in the circa 1898 Masonic Temple Building. Newly refreshed with fresh interior paint, this second-floor 1-bedroom, 1-bath condo offers a bright, clean feel while preserving the timeless character that makes downtown living so desirable. Inside, you'll find hardwood floors, granite countertops, and a fully tiled walk-in shower. From the bedroom and private balcony, enjoy peek-a-boo views of the Cape Fear River and bridge - an everyday reminder that you're in the heart of one of the South's most celebrated coastal cities. Southern Living recently praised Wilmington for its vibrant riverfront, historic charm, walkable downtown, and thriving dining scene. Step outside and experience it all, award-winning Riverwalk, boutique shopping, local restaurants, coffee shops, nightlife, and live concerts at Live Oak Bank Pavilion just moments away. Whether you're looking for a primary residence, weekend getaway, or investment opportunity with strong short-term rental potential, this condo offers flexibility, location, and lifestyle. HOA dues include water and trash, and a public parking deck sits directly across the street with daily and long-term options available. Own a piece of Wilmington history and enjoy downtown living today!

21 N Front St Unit Unit 2e2, Wilmington

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