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905 Walnut Street, Wilmington, NC, 28401

3beds
3baths
1,355sqft
$409,000
$302price/sqft
$2,573/moest. monthly cost
$102,920/yrincome needed

About This Home

An excellent opportunity to purchase two side-by-side successful short-term rental properties -903 Walnut Street and 905 Walnut Street- ideal for those looking to expand their investment portfolio or secure a primary residence in one of downtown 's growing areas. Strong rental history available upon request. 905 Walnut Street, a newly built home located in the heart of downtown Wilmington. Situated in the Soda Pop District, this thoughtfully designed two-story residence offers stylish finishes, low-maintenance living, and walkable access to some of the city's most vibrant destinations. This 3 bedroom, 2 1/2 bath home features an open concept floor plan ideal for everyday living and entertaining. The main level showcases durable luxury vinyl plank flooring, a spacious living area, and a well-appointed kitchen complete with quartz countertops, stainless steel appliances, a breakfast bar, and ample cabinet space. Upstairs, you'll find three bedrooms, including a comfortable primary suite with a private en-suite bath. Double glass doors off the main living area open to a private patio space, perfect for grilling or relaxing outdoors. Located just blocks from local breweries, restaurants, parks, and the downtown riverfront, this property also offers convenient access to shopping, dining, and entertainment.

Getting Around

73
WalkingVery Walkable
40
TransitSome Transit
66
BikeBikeable

Schools

5/10
6/10
Williston MiddleGrades 6-80.7 mi
3/10
New Hanover HighGrades 9-120.4 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Slab
  • Roof: Architectural Shingle
  • Construction materials: Vinyl Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Cooktop,Built-In Microwave,Range,Dishwasher,Electric Range
  • Laundry features: Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Pantry
  • Flooring: LVT/LVP,Carpet
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,355
  • Total interior livable area: 1,355 sqft

Property

Details

  • Parcel number: R04813038010000
  • Zoning: R-5
  • Special condition: Standard

Features

  • Levels: Two
  • Patio & porch: Front Porch
  • Fencing: Back Yard,Wood
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: See Remarks
  • Living area range: 1200 - 1399

Lot

  • Lot size: 3,484 sqft
  • Lot size dimensions: 58 x 64 x 58 x 66

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,068$24,816
Home Insurance *$115$1,380
Property Taxes $190$2,280
Electricity $200$2,405
Total$2,573$30,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,217/yr
40% on housing$77,190/yr
45% on housing$68,613/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$302This listing

vs Other Active Listings

Avg $/sqft

ZIP 28401$203
New Hanover County$308

vs Homes Sold Last Month

Median $/sqft

ZIP 28401$265
New Hanover County$260

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-30Listed for sale$420,000
2023-03-02Sold$332,500
2023-01-31Pending sale$332,500
2023-01-28Listed for sale$332,500
2021-10-05Sold$10,000

For Sale by Agent

AgentJesse A Canady
BrokerageSalt and Stone Property Group

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