1104 S 7th Street, Wilmington, NC 28401

• 2 beds |
• 2 baths |
• 1,224 sqft

Property Description

Part of 5-property income portfolio in downtown Wilmington -- offered as a single transaction. or as a stand alone. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.

Listing Status:

Active

Date Added:

June 8, 2026

Data Last Updated:

June 14, 2026 at 7:18PM

Listing Office:

RE/MAX Essential : 910-777-2700

MLS ID:

100579940

Interior

• General: NoneCeiling Fan(s)
• Master Bedroom: Primary Living Area
• A/C: Central AirHeat Pump
• Heating: Heat PumpElectricForced AirElectric

Exterior

• Other Structures: PorchCovered
• Parking: Off StreetUnpavedParking spaces: 0

Construction

• Roofing: Shingle
• General: Vinyl SidingWood FrameOneCrawl Space

Location

• Road/Access: City StreetState RoadSee Remarks
• HOA Amenities: None
• Originating MLS: Hive MLS
• School District: New Hanover
• County: New Hanover

Lot

• Zoning: R-5PT ME END 2 WILMINGTON BLKR05413-022-020-000
• View: See Remarks
• Fencing: PartialWood

Utilities

• Utilities: Sewer ConnectedWater Connected
• Water: Public
• Sewer: Municipal Sewer

Financial

• Source: Hive MLS