Downtown Homes with FHA Listing Terms

Downtown Homes with FHA Listing Terms

Welcome to Downtown, a vibrant and dynamic subdivision nestled in the heart of North Carolina. This area is a true gem, where urban living meets Southern charm. With its rich history and modern amenities, Downtown offers a unique blend of culture, convenience, and community spirit that appeals to a diverse range of residents.

In Downtown, you'll find an array of homes that cater to various lifestyles, including options that qualify for FHA listing terms. This means that whether you’re a first-time homebuyer or looking to invest in a property, you can take advantage of more accessible financing options. The homes here are characterized by their distinctive architectural styles, from charming bungalows to sleek modern designs, ensuring there’s something for everyone.

Living in Downtown means you’re just steps away from an eclectic mix of restaurants, boutique shops, and cultural attractions. Enjoy leisurely strolls through beautifully landscaped parks, or immerse yourself in the local art scene at nearby galleries and theaters. The community hosts various events throughout the year, fostering a strong sense of belonging among residents.

With its prime location, friendly atmosphere, and a variety of homes available under FHA terms, Downtown is not just a place to live; it’s a lifestyle choice. Whether you’re seeking the hustle and bustle of city life or the comfort of a close-knit community, Downtown in North Carolina is the perfect place to call home. Come discover your dream home in this enchanting subdivision today!

Newest Downtown Homes with FHA Listing Terms

$375,000
2 Beds ⋅ 2 Baths ⋅ 100589377 MLS
Old Wilmington charm, new just about everything else. If you've been dreaming of a downtown home without the endless list of repairs and renovations, this is the one. You'll be hard-pressed to find something that hasn't been updated in this beautifully renovated 2 bedroom, 2 bath home. Whether you're looking for a primary residence, a weekend getaway, or a turnkey investment opportunity this property checks all the boxes. It's being sold completely furnished, making it ready to enjoy or start generating income from day one. Nearly every major component has been improved, giving you the character of a classic downtown home without the typical maintenance concerns. Enjoy peace of mind with a 2022 metal roof, a 2024 HVAC system, new electrical, new plumbing, natural gas, and extensive renovations throughout. Beyond the beautiful finishes, this home was thoughtfully upgraded for efficiency as well. Foam board insulation behind the siding provides added energy efficiency and year-round comfort, helping keep utility costs low while adding another layer of quality you don't often find. Inside, you'll find a bright, inviting layout that blends modern finishes with timeless charm. Every space has been thoughtfully updated, creating a home that's as functional as it is beautiful. Located just minutes from downtown Wilmington's restaurants, shopping, entertainment, and the Riverwalk, this home offers the perfect combination of location, style, and convenience. Whether you're looking for a place to call home or a low maintenance investment property, this fully furnished, extensively renovated home is a rare opportunity you won't want to miss.

110 S 11th St, Wilmington

Listing courtesy of LIFE Properties.

$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.

$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.

$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.

$695,000
4 Beds ⋅ 4 Baths ⋅ 100585657 MLS
Nearing completion with an anticipated completion date of August 15th, this beautiful new construction home offers the perfect blend of modern comfort, flexible living space, and an unbeatable Southern Pines location. Just minutes from downtown Southern Pines, enjoy easy access to First Friday events, the Saturday farmers market, local shopping, dining, coffee shops, ice cream, Sunrise Theater, parks, playgrounds, and tennis courts. Inside, the home features tall 10-foot ceilings on the main level, a spacious open layout, 2'' faux wood blinds, and a gourmet kitchen designed for everyday living and entertaining. With 4 generously sized bedrooms and 3.5 bathrooms, this thoughtfully designed floor plan offers plenty of room for guests, work-from-home needs, or additional flex space. A detached garage adds even more versatility and can be used as a home gym, workshop, studio, hobby space, or whatever best fits your lifestyle. This home also includes a 10-year home warranty, offering added peace of mind for the next owner. Thoughtfully designed and nearing the finish line, this is a great opportunity to enjoy new construction living close to everything downtown Southern Pines has to offer. Contact the listing agent for builder incentives and remaining selections still available to be chosen.

785 N May St, Southern Pines

Listing courtesy of Carolina Property Sales.

$895,000
4 Beds ⋅ 3 Baths ⋅ 100584261 MLS
A rare piece of Southern Pines history, this extraordinary residence is located in the Historic Weymouth District and represents the last remaining portion of what was once a four-lot estate designed in 1920 by noted New York architect George Cooke. Having studied art in Italy, Cooke envisioned the property as a guest residence within his larger estate, which once occupied much of the surrounding land. The main mansion, located on the adjacent property, was lost to a fire in the early 1940s, while the remaining estate structures were eventually removed to accommodate new development, leaving this home as the sole surviving piece of the original compound. Originally built as guest quarters, the home was designed without a kitchen, as meals were prepared in the main residence and delivered by household staff. The basement served as servant quarters, buggy storage, and a tack room. The home also showcased Cooke's personal art collection, complete with hand-painted murals, and welcomed distinguished guests and European dignitaries, making it a significant part of Southern Pines' architectural and cultural heritage. After decades of neglect, the current owners purchased the property in 2016 and embarked on an extensive restoration that thoughtfully preserved its historic character while seamlessly incorporating modern comforts. The home was taken down to the studs and meticulously rebuilt with restoration of the foundation walls and original basement posts and beams, all-new insulation, electrical, plumbing, and drywall completed between 2018 and 2019. Hardwoods throughout the home allow for a clean and easy flow. The beautifully designed custom kitchen and fully remodeled bathrooms were added in 2020, along with a new HVAC system (2020), creating a home that honors its past while meeting today's standards of comfort and functionality. The lower basement level is ideal for a shop with plenty of work space and/or storage. The extensive renovations were completed with such attention to detail that the updated spaces blend naturally with the original architecture, making it difficult to distinguish between old and new. Outside, mature azaleas, established shrubs, and thoughtfully maintained landscaping frame the home, adding seasonal color and complementing its historic setting. This one-of-a-kind residence offers an exceptionally rare opportunity to own a beautifully restored historic home with remarkable provenance and architectural significance. Nestled in one of Southern Pines' most sought-after historic neighborhoods and just a short walk to downtown, it effortlessly blends timeless character, rich history, and modern living.

650 E Indiana Ave, Southern Pines

Listing courtesy of Pines Sotheby's International Realty.

$780,000
4 Beds ⋅ 3 Baths ⋅ 100580757 MLS
A rare historic downtown Southern Pines home with genuine soul, thoughtful updates, and a story. A contributing structure within the National Register-listed Southern Pines Historic District, this circa-1915 home offers the rare combination of historic craftsmanship, thoughtful updates, generous storage, and walkable downtown living in the heart of Southern Pines. The National Register continuation sheet lists 360 S. Ashe St. as a contributing structure and specifically notes the screened porch, French doors, sash windows, rear additions, and central corbelled-cap chimney. Lovingly cared for and updated over the years as both a real home and an artist's studio, the home retains the warmth and craftsmanship that make older Southern Pines homes so special -- original hardwood floors, high ceilings, three fireplaces, French doors, built-ins, oversized windows, and architectural details that simply cannot be replicated in newer construction. This is not a neglected historic house waiting to be rescued; it is a soulful, livable home with original details still intact. For added buyer confidence, a professional pre-listing appraisal was completed on June 9, 2026 and valued the property at $781,000. The home's history adds another layer of charm. Local historians have connected the property to Dr. Ernest Poate, a physician, psychiatrist, and mystery novelist who wrote under the pen name Arthur Mallory -- a fitting 1930s chapter for a home in a town long loved by doctors, writers, artists, and creative professionals. That same creative spirit continues today in a house that has been home to an award-winning photographer for the past 20 years and has served as both a private residence and a place of inspiration. Inside, the home offers four spacious bedrooms, 2.5 bathrooms, and flexible living spaces with abundant built-in storage throughout. One of the most memorable features is the large banquette beside a dramatic wall of leaded-glass windows that open to the screened porch; an ideal spot for morning coffee, reading, casual dining, or gathering with friends. French doors connect the main living areas to the porch, while additional French doors from the primary suite open directly to the backyard, creating a graceful indoor-outdoor flow rarely found in historic downtown homes. The primary suite features a fireplace and large infinity tub, while the second main bath offers a classic clawfoot tub -- blending comfort, charm, and timeless Southern Pines style. Outside, the property reveals one of its most special features: a private and peaceful fenced backyard retreat in the middle of downtown. A picket-fenced front garden creates storybook curb appeal, while the backyard offers mature trees, garden space, and room to entertain, relax, or enjoy time with pets beneath the Carolina pines. As downtown living becomes increasingly dense, this property stands out for its sense of space - a setting that feels tucked away and serene while still being just a block from restaurants, coffee shops, Gulley's Garden Center, and downtown shops, with parks and the Sunrise Theater just a little farther beyond. A large basement provides valuable storage space not included in the heated square footage, adding practical flexibility that is especially rare in a historic home. More than just a house, this is a lovingly cared-for piece of Southern Pines history -- a warm, creative, and deeply livable home with original soul, thoughtful updates, rare outdoor space, and a story that belongs to the town itself.

360 S Ashe St, Southern Pines

Listing courtesy of NorthGroup.

$245,000
2 Beds ⋅ 1 Baths ⋅ 100579765 MLS
Cute rambler ocated in the heart of Downtown Wilmington, NC. Perfect for someone that does not want an HOA on a larger lot with building ability but still located downtown. Listed more that $15,000 less than the current appraisal gives you wiggle room to make it your own. Whether you are a first-time homebuyer looking for the perfect starter home or an investor seeking a high-potential rental property, this move-in-ready residence is packed with value and endless possibilities.The Home has a functional layout features:2 Comfortable Bedrooms: Nice-sized rooms filled with natural light.Spacious Living & Dining Rooms with open spaces perfect for entertaining or relaxing. Kitchen efficiently designed to maximize storage and workflow.Painted in a neutral palette for effortless personal updating, featuring brand-new, durable PVC flooring installed in 2026. Enjoy peace of mind with a roof installed in 2014 and an HVAC system from 2015.Situated on a quiet street, the extra large lot: A large fenced lot offering ultimate privacy and expansion potential.. A large back deck overlooks the private yard, ideal for grilling and outdoor dining.The side yard conveniently offers dedicated, off-street parking for one vehicle.This home places you only 3 blocks away from one of the city's trendiest hubs, the Cargo district, w/ local businesses, coffee shops, and creators.Easy walking distance to downtown Wilmington's shops, dining, vibrant nightlife, and community events.The front of the home faces the open green space of the local middle school football field. Community pool and gym on 8th St.

417 S 13th St, Wilmington

Listing courtesy of Fritz Realty LLC.

$599,000
2 Beds ⋅ 2 Baths ⋅ 100575278 MLS ⋅ Downtown BLDG.
Don't miss the opportunity to own this unique boutique condo in the heart of Historic Downtown Wilmington. Located just one block from the popular Riverwalk, this two-level, circa-1890 home blends historic charm with thoughtful modern updates. The first-level living area features hardwood floors, and an open layout that connects the kitchen, dining, and living spaces. The kitchen is outfitted with matching stainless steel appliances, a recirculating hood, shelving, granite countertops, and finishes designed with vacation rental accommodations in mind. The home also includes updated light fixtures, porcelain tile flooring in the kitchen and bathrooms, and hardwood flooring on the stairs and throughout the upstairs bedrooms. A back door opens to a private courtyard, offering a charming outdoor space perfect for relaxing, dining, or entertaining. Upstairs, the spacious primary bedroom features a walk-in closet and natural light from a skylight, while the second bedroom overlooks the living area and offers large windows with great views and abundant natural light. The full bathroom includes a double vanity, shower/tub combination, and an overhead skylight. Currently operating as an active vacation rental on all major booking platforms, this property offers both immediate rental potential and the best of downtown Wilmington living. Urban charm, historic character, and investment opportunity all come together in one exceptional home.

29 S Front St Unit Apt A, Wilmington

Listing courtesy of Cadence Realty Corporation.

$252,500
3 Beds ⋅ 2 Baths ⋅ 100568655 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.

$625,000
3 Beds ⋅ 3 Baths ⋅ 100562723 MLS
$10,000 USE-AS-YOU-CHOOSE BUYER CREDIT + ONE-YEAR LENDER BUYDOWN AVAILABLE! Timeless charm, modern upgrades, and an incredible downtown Wilmington location come together in this beautifully reimagined 1920s home. Even better, the seller is offering a $10,000 use-as-you-choose credit, plus approved buyers may receive a one-year lender buydown of 1% when using the preferred lender--an exceptional opportunity to make this remarkable home your own! Thoughtfully renovated from top to bottom, the home features updated electrical, plumbing, and HVAC systems, offering modern comfort and peace of mind while retaining the craftsmanship and character that make it truly special. Original trim work, headers, wainscoting, and select doors add warmth and personality throughout. Expanded beyond its original footprint, the home now includes two additional bathrooms and a spacious laundry room, creating a layout designed for today's lifestyle. Two separate staircases add even more character and convenience. Outside, discover your own private backyard retreat with a carport and expansive two-story deck offering a unique bird's-eye view of the vibrant Soda Pop District, located just one block away. Enjoy morning coffee on the tiled front porch, unwind with sunset views from the deck, or take a short stroll into downtown Wilmington for dining, shopping, entertainment, and walks along the Riverwalk. With its combination of distinctive character, extensive modern updates, flexible spaces, and prime downtown location, this one-of-a-kind property also offers exciting potential as a VRBO or Airbnb investment opportunity. Furniture is negotiable. See the attached features list for a complete scope of upgrades and improvements. Seller offering a $10,000 use-as-you-choose credit to the buyer. One-year lender buydown of 1% available to approved buyers when using the preferred lender.

11 S 10th St, Wilmington

Listing courtesy of Intracoastal Realty Corporation.

$315,000
3 Beds ⋅ 2 Baths ⋅ 100562420 MLS
Built in 1903 and now enjoying a thoughtful new chapter, this move-in ready historic home at 209 S 13th Street blends classic Wilmington character with fresh modern updates in the heart of downtown Wilmington's historic area. Located along a picturesque brick street, this 3-bedroom, 2-bath cottage reflects vernacular architecture with Craftsman and Victorian influences, highlighted by its inviting full-width front porch offering approximately 144 square feet of outdoor living space--the perfect place to enjoy morning coffee, evening breezes, and the timeless charm of the surrounding historic neighborhood. Inside, the home has been thoughtfully renovated, creating a bright and refreshed interior while preserving the scale and character expected from a home of this era. Luxury vinyl plank flooring runs throughout the home, complemented by neutral finishes, updated lighting, and clean architectural lines that create a cohesive and welcoming atmosphere. The layout begins with a spacious living room at the front of the home, filled with natural light and offering a comfortable gathering space just steps from the front porch. Just beyond the living area, the primary suite features a walk-in closet and private ensuite bath, while two additional bedrooms and a hall full bath are positioned through the center of the home, providing flexibility for guests, home office space, or additional living needs. Toward the rear, the home opens into a kitchen and dining area designed for everyday living and entertaining. The updated kitchen features white cabinetry, stainless appliances, subway tile backsplash, and generous counter space, offering both style and functionality. The adjacent dining area provides space for seating and gatherings. A nearby laundry area adds everyday convenience along with practical storage. Step outside to a backyard offering room to relax, garden, entertain, or create your own outdoor retreat. Mature trees add shade and character, while rear street access behind the property provides additional flexibility for parking, access, or future possibilities--a valuable feature in downtown neighborhoods. With 1,399 heated square feet, the home offers a comfortable and efficient layout that balances open living areas with thoughtful bedroom separation. Historic homes that combine classic architecture, modern updates, outdoor space, and a downtown location are increasingly rare. This thoughtfully refreshed property offers the opportunity to enjoy the character of Wilmington's past with the comfort and convenience of today. Located just minutes from the Cape Fear Riverwalk, downtown Wilmington dining, local shops, and vibrant cultural attractions, this property offers a rare opportunity to enjoy historic architecture, modern updates, outdoor space, and move-in ready convenience in the heart of downtown living. Please ask for additional details on the stipulations relating to sale of this property.

209 S 13th St, Wilmington

Listing courtesy of Coldwell Banker Sea Coast Advantage.

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