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4809 Franklin Avenue, Wilmington, NC, 28403

2beds
1baths
941sqft
$320,000
$340price/sqft
$2,057/moest. monthly cost
$82,280/yrincome needed

About This Home

Adorable 2-bedroom, 1-bath cottage on an oversized R-10 homesite! Enjoy the huge front porch, mature landscaping, and spacious backyard. Move-in ready and ideally located just a short drive or bike ride to UNCW at an affordable price point. Walk to local restaurants, a brewery, grocery shopping, and Captain Bill's Beach Volleyball, one of Wilmington's favorite spots for recreation and social events. Ample off-street parking provides plenty of room for guests, vehicles, or recreational equipment. The oversized homesite offers future flexibility with potential for an accessory dwelling unit (ADU), subject to City of Wilmington approval. Ideal for investors, house hackers, multigenerational living, or UNCW families seeking long-term value and future income potential. Buyer to verify all development potential with the City of Wilmington.

Getting Around

55
WalkingSomewhat Walkable
44
TransitSome Transit
55
BikeBikeable

Schools

6/10
Williston MiddleGrades 6-82.9 mi
3/10
New Hanover HighGrades 9-122.7 mi

Construction

Condition

  • Year built: 1942

Materials

  • Foundation: Crawl Space
  • Roof: Shingle
  • Construction materials: Vinyl Siding,Wood Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Oven,Washer,Refrigerator,Dishwasher

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Eat-in Kitchen
  • Flooring: Carpet,Vinyl,Wood

Heating & Cooling

  • Heating features: Electric,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 941
  • Total interior livable area: 941 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Office

  • Level: Main

Property

Details

  • Parcel number: R04919002003000
  • Zoning: R-10
  • Special condition: Standard

Features

  • Levels: One
  • Patio & porch: Covered,Porch,Front Porch
  • Fencing: Back Yard
  • Has view: Yes
  • View description: None
  • Frontage type: See Remarks
  • Living area range: 800 - 999

Lot

  • Lot size: 8,712 sqft
  • Features: Level
  • Lot size dimensions: 76' x 115' x 76' x 115'

Parking

  • Parking features: Additional Parking,Off Street,On Site

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 $1,618$19,416
Home Insurance *$90$1,080
Property Taxes $149$1,788
Electricity $200$2,405
Total$2,057$24,684
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,525/yr
40% on housing$61,710/yr
45% on housing$54,853/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

$340This listing

vs Other Active Listings

Avg $/sqft

ZIP 28403$234
New Hanover County$309

vs Homes Sold Last Month

Median $/sqft

ZIP 28403$293
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)

No zestimate history available

Price History

DateEventPrice
2026-08-04Price change$312,000
2026-07-02Listed for sale$320,000
2009-08-06Sold$115,000
2009-07-22Listed for sale$120,000

For Sale by Agent

AgentStephanie N Manke
BrokerageBlueCoast Realty Corporation

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