$695,000

407 Red Cross Street, Wilmington, NC 28401

  • 6 beds |
  • 4 baths |
  • 3,301 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $211/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.

Listing Status:
Active
Date Added:
March 30, 2026
Data Last Updated:
April 5, 2026 at 7:18AM
Listing Office:
Intracoastal Realty Corp : 910-256-4503
MLS ID:
100563459
  • General: None
  • Appliances: Electric OvenRefrigerator
  • Laundry: Dryer HookupWasher Hookup
  • Basement: None
  • Flooring: LVT/LVPTileWood
  • A/C: Central Air
  • Heating: ElectricForced AirElectric
  • Disability Feature: None
  • General: None
  • Other Structures: PorchRear Porch
  • Parking: On StreetParking spaces: 0
  • Roofing: Shingle
  • General: Wood SidingWood FrameTwoCrawl Space
  • Road/Access: City StreetState RoadPavedSee Remarks
  • HOA Amenities: None
  • Originating MLS: Hive MLS
  • County: New Hanover
  • Zoning: HD-MUPt Lots 4/5 Blk 235 WilmingtonR04813-028-018-000
  • View: See Remarks
  • Fencing: PartialWood
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Municipal SewerCape Fear Public Utility Authority
  • Source: Hive MLS

This listing courtesy of Intracoastal Realty Corp

Monthly Payment

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

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Location

Schools Nearby

A

Annie H Snipes Academy of Arts & Design

2150 Chestnut St, Wilmington, NC, 28405

Grades KG-5

1.41 miles away

W

Williston Middle School

401 S 10th St, Wilmington, NC, 28401

Grades 6-8

0.95 miles away

N

New Hanover High School

1307 Market St, Wilmington, NC, 28401

Grades 9-12

0.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.