Historic Downtown Wilmington character, incredible versatility, and income-producing potential come together at 310 N 5th Avenue. Located in Wilmington's Historic District and just blocks from the restaurants, shops, entertainment, and vibrant riverfront that make downtown living so desirable, this one-of-a-kind property offers approximately 3,194 square feet of living space and a layout that lends itself beautifully to multigenerational living, an owner-occupant seeking rental income, or a unique investment opportunity. Rich with the charm and character you expect from a historic home, the property offers multiple living spaces and an exceptionally flexible floor plan with room to make it your own. One portion of the home is currently configured as a private one-bedroom, one-bath apartment, creating immediate income potential while still allowing the main residence to feel like home. Outside, the property becomes its own private downtown retreat with a pool, fenced front and backyard, private outdoor space, screened deck, and off-street parking for up to six vehicles--a rare combination in the heart of downtown. A detached garage provides even more possibilities, with additional space upstairs ideal for a home office, studio, hobby space, or potential future conversion, subject to applicable approvals. Whether you're looking for a distinctive historic residence, space for multiple generations, or a property with the ability to generate income, this is an opportunity with flexibility that's hard to replicate--all within a short distance of Historic Downtown Wilmington's restaurants, shops, riverfront, and Live Oak Bank Pavilion.