4924 Oleander Drive, Wilmington, NC 28403

• 4 beds |
• 2 baths |
• 2,161 sqft

Property Description

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.

Listing Status:

Active

Date Added:

June 18, 2026

Data Last Updated:

June 27, 2026 at 4:15PM

Listing Office:

REAL Broker LLC : 919-348-2585

MLS ID:

100582541

Interior

• General: Ceiling Fan(s)PantryBlinds/ShadesWood Burning Stove
• Master Bedroom: Primary Living Area
• Appliances: See RemarksWasherRefrigeratorDryerElectric Range
• Laundry: Dryer HookupWasher HookupLaundry Closet
• Flooring: TileWood
• A/C: OtherHeat Pump
• Heating: OtherHeat PumpElectricElectric
• Fireplace: Wood Burning StoveFireplace

Exterior

• General: Shed(s)
• Other Structures: Shed(s)Front PorchDeck
• Parking: GravelGarageParking spaces: 2

Construction

• Roofing: Architectural Shingle
• General: Vinyl SidingWood FrameOneCrawl Space

Location

• Road/Access: MaintainedCity StreetState RoadPavedSee Remarks
• HOA Amenities: None
• Originating MLS: Hive MLS
• School District: New Hanover
• County: New Hanover

Lot

• Zoning: RODLot 9 Pine Grove (Mb3-79)R06108-008-009-000
• View: See Remarks
• Fencing: Partial

Utilities

• Utilities: Sewer ConnectedWater Connected
• Water: Public
• Sewer: Municipal Sewer

Financial

• Source: Hive MLS