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Dreamers BnB 118 S 4th St 5 Room Bed and Breakfast Wilmington, NC 28401 $1,795,000 ($359,000/Room)
Executive Summary
Discover a rare opportunity to own a piece of Wilmington's past, thoughtfully restored for modern living and perfectly positioned for the future. Built in 1890, this exceptional historic property has been lovingly restored and redesigned by its current owners, blending timeless architectural character with contemporary comfort, style, and functionality. Spanning three stories, the home features six private ensuite bedrooms, each offering its own unique character, along with a fully separate one-bedroom accessory unit. The property also holds a B&B permit for up to four rooms, creating an outstanding opportunity for an income-producing bed and breakfast, boutique lodging operation, or flexible live/work arrangement. Currently operating as a successful bed and breakfast, the property could just as easily be transformed into a spectacular private residence. Inside, you'll find beautiful hardwood floors, large windows providing abundant natural light, distinctive architectural details, and a thoughtfully designed interior that reflects the character of the home while offering the comforts of today. A spacious entertainment area provides the perfect setting for gatherings and special occasions. Outside, the property is equally impressive, featuring private iron-fenced gardens, mature landscaping, and a garage, creating a peaceful and private setting in the heart of the city. Located in a charming historic neighborhood on a tree-lined brick street, this property places you within easy reach of Downtown Wilmington's restaurants, shopping, entertainment, riverfront attractions, and cultural amenities, while remaining convenient to the area's beautiful beaches. Historic character. Income-producing potential. Exceptional location. Endless possibilities. Whether you envision continuing its legacy as a boutique bed and breakfast or creating your own extraordinary downtown residence, this is a truly special Wilmington property.
Property Facts
| Price | $1,795,000 | Building Size | 4,874 SF |
| Price Per Room | $359,000 | No. Rooms | 5 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1890/2014 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 0.41/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.24 AC | Opportunity Zone |
Yes
|
| Zoning | HD-R - HD-R | ||
| Price | $1,795,000 |
| Price Per Room | $359,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,874 SF |
| No. Rooms | 5 |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2014 |
| Parking Ratio | 0.41/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HD-R - HD-R |
Amenities
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $428.00 | - |
| Guest Room | 3 | $320.00 | - |
1 1
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R05405-003-004-000 | Improvements Assessment | $1,151,500 |
| Land Assessment | $174,600 | Total Assessment | $1,326,100 |
Property Taxes
Parcel Number
R05405-003-004-000
Land Assessment
$174,600
Improvements Assessment
$1,151,500
Total Assessment
$1,326,100
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Dreamers BnB | 118 S 4th St