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Wilmington, NC 28409

$2,800,000
Property Type: Comm Sale or Lease Square Footage: 1,302 Lot Size (sq. ft.): 189,921 Status: Active
Current Price: $2,800,000 List Date: 6/07/2025 Last Modified: 3/02/2026

Overview

Description

Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package. Seller's are listing brokers and licensed NC Real Estate Brokers.

Listing Details MLS# 100512238

Contract Info

Available Date
2025-05-29
Delayed Marketing?
No
Marketing Start Date
2025-06-06
Garage
N/A
Listing Price
2800000
List Price/SqFt
2150.54
Stipulation of Sale
Standard

Location Information

County
New Hanover
State/Province
NC
Zip Code
28409
City Limits
Yes
Marketing City
Wilmington
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Pine Grove to Beasley Rd. on right
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
1302

Legal and Taxes

Tax Assessed Value
437200
Deed Book
6340
Deed Page
961
Legal
LT 1, 2, 3, 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD
Broker Owner
Yes
PID
R06120-007-018-000
Tax Identifier
R06120-007-018-000
Special Assessments
None
Tax Year
2025
Year Built
2002
Zoning
R-15
Cobra Zone
No
Plat Book
No
Plat Page
No

More Information

Financial Info

Gross Income
168000

Building/Ext Features

Lot Acres
4.36
Lot SqFt
189921
Lot Dimensions
irregular
SqFt - Total Available
1302
Location Type
Mainland

Business Type

Other
Yes

Current Use

Residential
Yes
Vacant
Yes

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Sale/Lease Includes

Buildings
Yes
Land
Yes

Heating System Fuel Source

See Remarks
Yes

Lease Types

See Remarks
Yes

Property Features

Business Type: Other Current Use: Residential; Vacant Heating System Fuel Source: See Remarks Terms: 1031 Exchange; Cash; Conventional Lease Types: See Remarks
IDX
Listing Office: Cadence Realty Corporation
Last Updated: March - 02 - 2026
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