$1,250,000

1220 Queen Street, Wilmington, NC 28401

  • 2 beds |
  • 1 bath |
  • 882 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,417/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

Five-property income portfolio in downtown Wilmington -- offered as a single transaction. 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:
April 29, 2026
Data Last Updated:
May 12, 2026 at 2:17PM
Listing Office:
RE/MAX Essential : 910-777-2700
MLS ID:
100570339
  • General: See Remarks61
  • Master Bedroom: Primary Living Area
  • Flooring: LaminateWood
  • A/C: Central Air
  • Heating: OtherElectricForced AirElectric
  • Other Structures: Front Porch
  • Parking: On StreetParking spaces: 0
  • Roofing: Shingle
  • General: Wood FrameOneCrawl Space
  • Road/Access: City StreetState RoadSee Remarks
  • Originating MLS: Hive MLS
  • School District: New Hanover
  • County: New Hanover
  • Zoning: R-5BLK 70 PT EM 1/2 WilmingtonR05410-015-027-000
  • View: See Remarks
  • Fencing: Partial
  • Utilities: Water Connected
  • Water: Public
  • Sewer: Municipal Sewer
  • Source: Hive MLS

This listing courtesy of RE/MAX Essential

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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