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4946 Wrightsville Avenue, Wilmington, NC 28403

New Listing
$3,495,000
Property Type: Comm Sale or Lease Square Footage: 1,733 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $3,495,000 List Date: 3/16/2026 Last Modified: 3/16/2026

Description

A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this. Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six homes are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. Every home is fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place. Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request. The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity. For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.

More Information MLS# 100560554

Building/Ext Features

# of Units: 0 Fireplace Y/N: No Lot Acres: 0.22 Lot SqFt: 9583 Lot Dimensions: irregular Location Type: Mainland

Contract Info

Delayed Marketing?: No Sub-Type: Multi Family Garage: N/A List Price/SqFt: 2016.73 Stipulation of Sale: Standard Status: Active Marketing Start Date: 2026-03-16 Listing Price: 3495000 Current Price: $3,495,000

Location Information

City Limits: Yes Marketing City: Wilmington Secondary Subdivision: N/A Street #: 4946 Street Name: Wrightsville Street Suffix: Avenue County: New Hanover State/Province: NC Zip Code: 28403 Subdivision: Not In Subdivision Geo Lat: 34.212808 Geo Lon: -77.875775

Remarks and Showing

Sign on Property: Yes Directions to Property: College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.

Building Info

New Construction: No

Legal and Taxes

Tax Assessed Value: 345400 Deed Book: 6672 Deed Page: 2869 Legal: LT 1 BLK A WINTER PARK HEIGHTS Broker Owner: No PID: R05520011016000 Tax Identifier: R05520-011-014-000 Plat Book: 0 Plat Page: 0 Total Real Estate Property Taxes: 2032.68 Special Assessments: N/A Tax Year: 2025 Zoning: R-15 HOA: No Cobra Zone: No Year Built: 1998

Current Use

Residential: 1

Construction

Wood Frame: 1

Current Service Providers

Electric Provider: Duke Energy Sewer Provider: Cape Fear Public Utility Authority Water Provider: Cape Fear Public Utility Authority

Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Parking Features

Off Street: 1 On Site: 1 Paved: 1 See Remarks: 1

Sale/Lease Includes

Buildings: 1 See Remarks: 1

Roof

Shingle: 1

Cooling

Central Air: 1

Heating System Fuel Source

Electric: 1

Water Heater

Electric: 1

Water Source

Municipal Water: 1

Sewer

Municipal Sewer: 1

Financial Info

Financial Info: Yes Gross Income: 273600 Management Fee: 10

Lease Types

See Remarks: 1

BuildingExt Features

SqFt - Heated (Primary): 1733

Property Features

Construction: Wood Frame Parking Features: Off Street; On Site; Paved; See Remarks Roof: Shingle Current Use: Residential Cooling: Central Air Heating System Fuel Source: Electric Water Heater: Electric Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional Lease Types: See Remarks
Listing Office: Carolina One Properties Inc.
IDX
Last Updated: March - 16 - 2026
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