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
- Price per sq ft
- $243
- Stories
- 1
- Construction
- Vinyl Siding, Wood Frame
- Roof
- Architectural Shingle
- Foundation
- Crawl Space
- Water
- Public
- Property tax
- $3,117 / year (2025)
- Listed
- Jun 18, 2026
- 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
Directions to 4924 Oleander Drive
Headed South on College Road, turn left onto Oleander Dr. Pass Pine Grove Dr. House will be on the right side of Oleander a couple blocks past Pine Grove Dr.
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.
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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
- Real Stories: Why People Moved to Wilmington, NCReal neighbors who moved to Wilmington, Ogden, Carolina Beach and Hampstead share why they chose the NC coast, what surprised them, and their advice.
- Buying a Home in Wilmington, NC: Buddy's Top TipsBuddy Blake's top tips for buying around Wilmington, NC: pre-approval, NC due diligence fee vs. earnest money, inspections, flood and insurance checks.
- Selling Your Home in Wilmington, NC: Buddy's Top TipsBuddy Blake's top tips for selling around Wilmington, NC: pre-market inspection, repairs that matter, pricing right, due diligence and three ways to sell.
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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.
Across ZIP 28403, 76 4-bedroom homes sold in the past year at a median of $710,088.
Area figures are broad context from the MLS, not a valuation — they don't adjust for condition, lot, views or updates. Ask us for a true comparison.
Buying 4924 Oleander Drive
- See it in person. Pick a time and we'll call to confirm — often same day.
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Own a home near 4924 Oleander Drive? See what it's worth — a home value report built from real sales in Wilmington.
What's my home worth? →Questions about 4924 Oleander Drive
How much is 4924 Oleander Drive?
4924 Oleander Drive is under contract. Its last asking price was $525,000.
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).
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.