$525,000
4 bd · 2 ba · 2,161 sq ft
4924 Oleander Drive
Wilmington, NC, 28403
Listed by REAL Broker LLC
About this home
Unique investment and owner-user opportunity in one of Wilmington's most visible and desirable corridors. Located on highly traveled Oleander Drive and zoned Residential Office (RO), 4924 Oleander Drive offers exceptional flexibility for residential, professional office, rental income, or mixed-use applications (subject to applicable city regulations and approvals). The property features a charming 2-bedroom, 1-bath main house that is currently vacant, providing immediate occupancy for an owner-user, tenant placement, or office conversion. Complementing the main residence is a detached 2-car garage with a 2-bedroom, 1-bath accessory dwelling unit (ADU), currently tenant occupied. The ADU will require some finish work and repairs, presenting an opportunity for value-add improvements. The Residential Office zoning opens the door to a variety of potential uses, including residential occupancy, professional office space, live-work arrangements, rental investment, or other permitted uses. Buyers should verify intended use with the City of Wilmington. Positioned in a high-visibility location with excellent access and exposure, the property is just minutes from the University of North Carolina Wilmington (UNCW), Independence Mall, Hanover Center, Novant Health facilities, restaurants, retail centers, and numerous professional businesses. Its central Wilmington location provides convenient access to Downtown Wilmington, Wrightsville Beach, and major transportation corridors. Whether you're seeking an income-producing investment, a live-work property, professional office location, or redevelopment opportunity, 4924 Oleander Drive offers versatility, visibility, and long-term potential in one of Wilmington's most established commercial and residential districts. Property is being sold AS-IS.
Facts
- Type
- Single Family Residence
- Year built
- 1940
- Lot
- 0.53 acres
- Garage
- 2 spaces
- County
- New Hanover
- MLS #
- 100582541
Features
Inside
- Ceiling Fan(s)
- Pantry
- Blinds/Shades
- Wood Burning Stove
- Tile
- Wood
- Washer
- Refrigerator
- Dryer
- Electric Range
Outside
- None
Community
- None
Parking
- Gravel
- Garage
Heating & cooling
- Other
- Heat Pump
- Electric
Schools
- Elementary
- Winter Park
- Middle
- Roland Grise
- High
- Hoggard
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
Monthly payment estimate
$3,387/mo
- Principal & interest (30-yr fixed)$3,128
- Property taxes (2025 bill)$260
Estimate only. Rate is the national 30-year average (6.95% as of Sep 17, 2026, Freddie Mac); your rate depends on your lender. Homeowners and flood insurance aren't included — on the coast they vary a lot by house, so get a quote early.
Recent sales like this nearby
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 4911 Oleander Drive, Wilmington | Jul 30, 2026 | 3 / 4 | 2,614 | $525,000 | $201 |
| 5009 Peachtree Avenue, Wilmington | Sep 1, 2026 | 4 / 4 | 2,430 | $705,000 | $290 |
| 5013 Peachtree Avenue, Wilmington | Jun 3, 2026 | 4 / 4 | 2,430 | $700,000 | $288 |
| 5011 Peachtree Avenue, Wilmington | Aug 4, 2026 | 4 / 4 | 2,430 | $700,000 | $288 |
Similar size and type, sold in the last 6 months. From Hive MLS records; deemed reliable, not guaranteed.
Buying in Wilmington? Local guides
- Leland vs. Wilmington: What You Get for Your MoneyLeland vs. Wilmington, NC side by side from 12 months of real sales: price per square foot, home size and age, days on market, new construction and HOAs.
- One-Story and Primary-on-Main Homes on the Southeastern NC CoastWhere the one-level homes are from Wilmington to Calabash, what they cost town by town, and what to check before you buy — from current MLS listings.
About 4924 Oleander Drive
4924 Oleander Drive is a 4-bedroom, 2-bath home of about 2,161 square feet, built in 1940, on 0.53 acres, Wilmington, New Hanover County, NC 28403.
At $525,000, it's 21% below the median asking price ($664,700) of the 258 other 4-bedroom listings for sale in Wilmington today.
That's about $243 per square foot, compared with a Wilmington median of $262.
Across ZIP 28403, 89 4-bedroom homes sold in the past year at a median of $680,000.
Buying 4924 Oleander Drive
- See it in person. Pick a time and we'll call to confirm — often same day.
- Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written.
- Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works
Own a home near 4924 Oleander Drive? See what it's worth — every online estimate side by side, next to real sales in Wilmington.
What's my home worth? →Questions about 4924 Oleander Drive
How much is 4924 Oleander Drive?
4924 Oleander Drive is listed at $525,000 (about $243 per square foot) as of September 23, 2026. Status: active under contract.
How many bedrooms and bathrooms does 4924 Oleander Drive have?
4 bedrooms and 2 bathrooms, with about 2,161 square feet.
When was 4924 Oleander Drive built?
1940.
Who is the listing broker for 4924 Oleander Drive?
REAL Broker LLC (MLS #100582541). The Buddy Blake Team can show it to you and answer questions.
Can I tour 4924 Oleander Drive?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.