4946 Wrightsville Avenue, Wilmington, NC 28403

• 4 beds |
• 3 baths |
• 1,733 sqft

Property 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 are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. All six are homes are 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.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

March 26, 2026 at 9:16PM

Listing Office:

Carolina One Properties Inc. : 910-679-6565

MLS ID:

100560546

Interior

• General: See Remarks61
• Master Bedroom: N/A
• A/C: Central Air
• Heating: ElectricHeat PumpElectric

Exterior

• Other Structures: Patio
• Parking: Shared DrivewayOff StreetOn SiteParking spaces: 0

Construction

• Roofing: Shingle
• General: Vinyl SidingTwoSlab

Location

• Road/Access: City StreetState RoadSee Remarks
• Originating MLS: Hive MLS
• School District: New Hanover
• County: New Hanover

Lot

• Zoning: R-15LT 1 BLK A WINTER PARK HEIGHTSR05520-011-014-000
• View: See Remarks
• Fencing: None

Utilities

• Utilities: Sewer ConnectedWater Connected

Financial

• Source: Hive MLS