Downtown Homes under $500,000

Welcome to Downtown, North Carolina – a vibrant and dynamic subdivision that perfectly encapsulates the charm and excitement of urban living. Nestled in the heart of the state, Downtown offers a unique blend of historic architecture and modern conveniences, making it an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Downtown is its diverse array of homes, particularly those priced under $500,000. Whether you’re looking for a cozy bungalow with character or a contemporary townhouse with sleek finishes, you’ll find a variety of options that fit your budget and lifestyle. The real estate market here is thriving, with properties that boast spacious layouts, beautiful outdoor spaces, and proximity to local amenities.

Living in Downtown means you're never far from the action. Enjoy leisurely strolls through charming streets lined with boutiques, cafes, and art galleries. The area is rich in cultural experiences, with local theaters and music venues hosting events year-round. For outdoor enthusiasts, numerous parks and green spaces provide the perfect backdrop for relaxation and recreation.

With a strong sense of community and a welcoming atmosphere, Downtown is more than just a place to live; it’s a place to thrive. If you’re searching for a home that combines affordability with the excitement of urban life, look no further than Downtown, NC. Discover your dream home today and become a part of this vibrant community!

Newest Downtown Homes under $500,000

$399,999

3 Beds ⋅ 3 Baths ⋅ 100607342 MLS

LOCATION ! LOCATION ! LOCATION! BRAND-NEW CONSTRUCTION IN 2026 -- COMPLETELY REBUILT FROM THE GROUND UP! This stunning 3-bedroom, 2.5-bath home at 1005 Queens St offers the feel, quality, and peace of mind of a truly new home. The previous structure was removed, leaving nothing but the land--everything you see today was newly built in 2026. Step inside to discover modern finishes throughout, including beautiful granite countertops, soft-close cabinetry, brand-new appliances, and thoughtfully designed bathrooms with an elegant, contemporary feel. The spacious primary suite features a luxurious bathroom designed with accessibility in mind, including handicap-accessible features for added comfort and convenience. Location is everything, and this property delivers! Enjoy being just minutes from Downtown Wilmington, where you can experience concerts, restaurants, the Riverwalk, entertainment, nightlife, and the charm of Wilmington's historic district. Spend the evening enjoying a great dinner followed by a relaxing walk through the historic streets. Plus, Wrightsville Beach is approximately 20 minutes away, giving you easy access to some of the area's most desirable coastal attractions. Whether you're looking for a beautiful new home, an investment property, or an opportunity to be close to everything Wilmington has to offer, this property deserves your attention. NEW CONSTRUCTION + PRIME LOCATION + MODERN FINISHES = AN OPPORTUNITY YOU DON'T WANT TO MISS!

1005 Queen St, Wilmington

Listing courtesy of REAL Broker LLC.

Seller Representative REAL Broker LLC

Listing courtesy of REAL Broker LLC. Contact:

$240,000

3 Beds ⋅ 2 Baths ⋅ 100606764 MLS

Welcome to 928 South 10th Street--an affordable and well-kept home offering a great opportunity for first-time buyers to get into the Wilmington market. This 3-bedroom, 2-bath home features a practical single-level layout with a comfortable living area and a natural flow into the dining space. The kitchen provides plenty of cabinet and counter space, along with a center island for added functionality. The dining area is filled with natural light, creating a bright and welcoming spot for everyday meals. The primary bedroom includes its own private bath and walk-in closet while two additional bedrooms offer flexibility for guests, a home office, or extra space as needed. A separate laundry area adds everyday convenience. Outside, you'll find a manageable yard that's easy to maintain without a lot of upkeep. Located just a short drive to downtown Wilmington, shopping, and restaurants, this home offers a solid combination of value and location. A great option for buyers looking for a simple, move-in ready home without breaking the budget.

928 S 10th St, Wilmington

Listing courtesy of Keller Williams Innovate-Pleasure Island.

Seller Representative Keller Williams Innovate-Pleasure Island

Listing courtesy of Keller Williams Innovate-Pleasure Island. Contact:

$449,000

3 Beds ⋅ 2 Baths ⋅ 100605472 MLS

Location, Location, Location! This charming cottage is ideally situated within walking distance of downtown Southern Pines. A quaint front porch welcomes you into this delightful piece of history, filled with character and inviting spaces. The main level features a formal dining room and a spacious kitchen with wonderful natural light and plenty of room for an eat-in area or cozy second sitting space. The downstairs primary suite offers a walk-through closet and a spacious primary bathroom. Upstairs, you'll find two additional bedrooms, a versatile landing area, storage closet, and a full bathroom. Step outside and enjoy entertaining or relaxing on the massive deck overlooking the large backyard, complete with a firepit and adorable storage shed. With its character, space, and unbeatable location, this Southern Pines gem is one you won't want to miss!

390 W Connecticut Ave, Southern Pines

Listing courtesy of Merit Real Estate Services.

Seller Representative Merit Real Estate Services

Listing courtesy of Merit Real Estate Services. Contact:

$344,900

1 Beds ⋅ 1 Baths ⋅ 100602457 MLS

A century of character has never looked so good. Rehabilitated in 2024, this charming downtown Wilmington cottage lets you skip the projects and start enjoying the lifestyle--morning coffee on the porch, evenings along the Riverwalk, and favorite restaurants, shops, and local attractions close by. Inside, refinished hardwood floors, an updated kitchen with butcher block countertops, and a beautifully tiled walk-in shower create a warm, welcoming retreat. The private fenced backyard--with a dock-style porch, sunshade, string lights, and low-maintenance turf--offers a peaceful place to unwind after a day downtown. Make it your full-time home, a personal Wilmington escape with rental flexibility, or continue its success as a top rated Airbnb. However you use it, 911 Dock Street makes it easy to settle in and enjoy the best of downtown living. Up to $2,500 credit with use of preferred lender, Sarah Newsome at Integrity Home Mortgage Corp.

911 Dock St, Wilmington

Listing courtesy of Coldwell Banker Sea Coast Advantage.

Seller Representative Coldwell Banker Sea Coast Advantage

Listing courtesy of Coldwell Banker Sea Coast Advantage. Contact:

$365,000

3 Beds ⋅ 2 Baths ⋅ 100600913 MLS

Welcome to 110 Campbell Street, a beautifully refreshed 3-bedroom, 2-bath home offering approximately 1,948 square feet on a spacious 0.69 acre lot near downtown Aberdeen. Set along one of the area's most appealing established streets, this home blends classic character with thoughtful improvements and abundant outdoor space. The refinished kitchen and updated bathrooms provide a fresh, inviting feel, while original hardwoods throughout the living room and bedrooms retain the charm of this lovely home. The covered front porch, rear deck, carport, brick patio and storage building make this a wonderful home to enjoy an indoor/outdoor lifestyle. The spacious backyard offers countless possibilities. With generous living space, excellent storage, and a peaceful setting convenient to downtown shops, dining, parks, and area amenities, 110 Campbell Street offers a rare combination of location, character, and practical updates. Call today to schedule your showing!

110 Campbell St, Aberdeen

Listing courtesy of Everything Pines Partners LLC.

Seller Representative Everything Pines Partners LLC

Listing courtesy of Everything Pines Partners LLC. Contact:

$450,000

2 Beds ⋅ 2 Baths ⋅ 100598093 MLS ⋅ Downtown BLDG.

Wonderful opportunity to own in Wilmington's highly sought-after Brooklyn Arts District. Located at 314 Davis, this condo building consists of just three units, with Unit 301 occupying the entire third floor! Enjoy being in the heart of the Brooklyn Arts District, surrounded by a mix of art and yoga studios, cafés, bakeries, shopping, trendy restaurants, pubs, breweries, parks, music venues, and waterfront attractions. Spend evenings strolling to the marina or Riverwalk to take in some of Wilmington's best sunsets, all just steps from your front door. This move-in ready condo offers 1,330 square feet of space with 2 bedrooms featuring walk-in closets, 2 full bathrooms, and a dedicated office with private deck access. A rare downtown find, the property also includes an attached one-car garage plus an additional off-street parking space. Inside, tall windows fills the expansive living area with natural light. The open-concept layout features a fully equipped kitchen with a large island overlooking the living room. Whether you are searching for a full-time downtown residence, a stylish pied-à-terre for weekend beach getaways, or a low-maintenance lifestyle where you can leave the car parked and walk or bike everywhere, this property checks every box. Conveniently located just 15 minutes from Wrightsville Beach, and only a short drive to UNCW, medical facilities, and the Wilmington International Airport. Enjoy easy access to concerts at Live Oak Bank Pavilion, the annual North Carolina Azalea Festival, Riverfest, performances at Wilson Center, and the endless events and entertainment that make downtown Wilmington such a dynamic place to live. An exciting bonus: Wilmington's first permanent food truck hub and live outdoor music venue will be directly across the street. Come experience everything downtown Wilmington has to offer!

314 Davis St Unit Unit 301, Wilmington

Listing courtesy of Intracoastal Realty Corporation.

Seller Representative Intracoastal Realty Corporation

Listing courtesy of Intracoastal Realty Corporation. Contact:

$315,000

3 Beds ⋅ 3 Baths ⋅ 100594947 MLS

Discover easy, low-maintenance living in this beautifully designed new construction home at 535 S. Henley St. in Southern Pines. Offering 3 bedrooms, 2.5 bathrooms, and 1,619 square feet, this contemporary cottage blends modern finishes with a functional layout designed for today's lifestyle. The main level features durable luxury vinyl plank flooring, stylish lighting, and an open living space that's perfect for entertaining or everyday living. Upstairs, upgraded carpeting creates a cozy retreat in each bedroom. Outside, enjoy a spacious backyard with room for gardening, play, or gathering with family and friends, all complemented by professional landscaping. With a one-car garage, no HOA, and the added confidence of a comprehensive home warranty, this move-in-ready home is an exceptional opportunity in one of Southern Pines' most convenient locations. The spacious kitchen flows seamlessly into the living and dining areas, creating an ideal space for entertaining or relaxing at home. Upstairs, the comfortable bedrooms provide a peaceful retreat, including a well-appointed primary suite. Step outside to enjoy the patio overlooking a generously sized backyard with plenty of room for gardening, outdoor gatherings, or simply enjoying the Carolina seasons. Professionally landscaped and complete with a one-car garage and an excellent home warranty, this move-in-ready home offers the perfect combination of quality, comfort, and convenience. Don't miss your opportunity to own this exceptional new home in SoPines!

535 S Henley St, Southern Pines

Listing courtesy of eXp Realty.

Seller Representative eXp Realty

Listing courtesy of eXp Realty. Contact:

$262,900

3 Beds ⋅ 1 Baths ⋅ 100589506 MLS

Location, location... This adorable three bed ,two bath bungalow sits on a large lot just steps from Castle St and all that it has to offer: yoga, vintage shopping, a wine shop, coffee and several locally owned restaurants! This home has been rented to the same tenant for 20 years, and maintained well by the owners. New roof in 2019 and new HVAC in 2020.. The home was built in 1940 and features a large front porch, original pine floors, and interior arches characteristic of that period. A few updates will bring this jazz age back to it's glory!

517 S 7th St, Wilmington

Listing courtesy of Dram Tree Realty.

Seller Representative Dram Tree Realty

Listing courtesy of Dram Tree Realty. Contact:

$339,500

3 Beds ⋅ 2 Baths ⋅ 100589176 MLS

Attention Investors! Rare opportunity to own Section 8 income producing property! Long term tenants in place. See attached document for property features and upgrades.

1309 Church St, Wilmington

Listing courtesy of Corcoran HM Properties.

Seller Representative Corcoran HM Properties

Listing courtesy of Corcoran HM Properties. Contact:

$298,000

3 Beds ⋅ 2 Baths ⋅ 100589173 MLS

Attention Investors!: Incredible opportunity to own income producing property in downtown. Designated Section 8 with long term tenant in place. See Documents for property upgrades and features.

1012 Hanover St, Wilmington

Listing courtesy of Corcoran HM Properties.

Seller Representative Corcoran HM Properties

Listing courtesy of Corcoran HM Properties. Contact:

$298,000

3 Beds ⋅ 2 Baths ⋅ 100589174 MLS

Attention Investors! Incredible opportunity to own income producing property in downtown, Designated Section 8 with long term tenant in place. See attached Documents for property upgrades and features.

1014 Hanover St, Wilmington

Listing courtesy of Corcoran HM Properties.

Seller Representative Corcoran HM Properties

Listing courtesy of Corcoran HM Properties. Contact:

$479,000

4 Beds ⋅ 2 Baths ⋅ 100573651 MLS

Located in the heart of Downtown Wilmington, 108 N 8th Street offers a great opportunity for both investors and buyers looking for flexibility and income potential. This up-and-down duplex features a total of 4 bedrooms and 2 bathrooms, making it an ideal option to add to a rental portfolio or live in one unit while generating income from the other. The property offers plenty of historic charm along with several updates, including a roof replaced in 2020, updated plumbing, electrical and mechanical systems, and recent improvements including fresh paint, refinished hardwood floors, updated insulation, and a refreshed front porch. Conveniently located just blocks from the best of Downtown Wilmington, with easy access to the Riverwalk, restaurants, coffee shops, breweries, shopping and entertainment. Whether you're looking for an income-producing investment, a primary residence with rental potential, or a property that offers options for the future, 108 N 8th Street is one worth seeing!

108 N 8th St, Wilmington

Listing courtesy of Carolina One Properties Inc..

Seller Representative Carolina One Properties Inc.

Listing courtesy of Carolina One Properties Inc.. Contact:

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