1405 Norman Street is a mid-century ranch that puts downtown Wilmington within an easy half-mile walk while offering a substantial renovation opportunity. Built in 1949 and sitting on a level 0.11-acre lot (4,792 SF) with 65 feet of street frontage, the single-story layout spans approximately 1,500 square feet and currently provides three bedrooms and two baths. The home retains basic systems — central air and forced-air heating — but is in poor condition and priced to reflect required structural and cosmetic work.
Inside, the footprint is straightforward and highly actionable for investors or buyers who want to customize a long-term home. Wood-frame construction, a shingle roof, and original-era finishes present both challenges and potential: with thoughtful upgrades the house can be repositioned to match comps that have commanded significantly higher price-per-square-foot figures after renovation. The assessed value of $366,700 vs. recent as‑is sale activity highlights the possibility for upside when capital improvements are applied strategically.
The lot and location are the real differentiators. At 0.5 miles to Downtown Wilmington, 0.7 miles to the Cape Fear Riverwalk and 1.2 miles to Greenfield Lake Park, this property anchors a walkable, amenity-rich lifestyle while remaining in The Bottom neighborhood — an area attracting investor interest tied to ongoing revitalization. Market Street sits just 0.3 miles away, and New Hanover Regional Medical Center is 1.5 miles from the front door, offering convenient access to services, transit corridors and the city's restaurants and shops.
This listing is a classic as‑is sale for buyers prepared to lead a renovation. Zoning is R-3 (single-family residential), which allows accessory dwelling units subject to local rules — a potential path to add value or rental income. On-street parking only and no garage are notable constraints to factor into renovation planning. Prospective purchasers should confirm repair estimates, permitting and zoning details, and the extent of required work. For investors seeking a property with immediate location advantages and measurable upside, 1405 Norman Street is a compelling candidate — contact the listing agent to schedule an inspection and obtain contractor quotes.