Looking for multi generational living opportunities downtown Wilmington? Don't miss this rare 2-for-1 investment opportunity. Tucked away on a quiet street, this spacious four-bedroom, three-bathroom home is being offered with an additional separate 33'x150' buildable lot with access from both 11th St and Jasmine St , combining for a total of 0.18 acres and creating incredible flexibility for a variety of uses. With a little personal touch, the property could shine as a primary residence, income-producing rental, or short-term investment. The separate lot offers the option to create an expansive backyard for entertaining, build an ADU, or potentially add a second home. Inside, the home features over 2,000 square feet of living space, perfect for renovating, including a large, private upstairs flex suite complete with its own bedroom and bathroom, ideal for guests, multigenerational living, or rental potential. Additional highlights include covered off-street parking with a 614-square-foot hobby/studio space above that is equipped with electricity and could serve as a workshop, studio, or future conversion space, as well as a natural gas whole-home generator for added peace of mind. This property is a truly rare find that offers room to expand, customize, and create long-term value, all while being just steps from the energy of downtown Wilmington and the Cargo District. It is located just five minutes from Wilmington's iconic Riverwalk, twenty minutes from Wrightsville Beach, and only three blocks from Robert Strange Park, playground, and tennis/pickleball courts. Whether you are a savvy investor searching for your next build/reno or Airbnb opportunity or a buyer looking for a home with space & options, this unique house-and-land package delivers exceptional potential. The sale of this property will include two parcels: R05406-017-013-000 and R05406-017-008-000.