Property Description

11-Home Portfolio | $270K+ Annual Income | Fully Occupied | Wilmington, NC. Turnkey investment opportunity with 11 fully occupied, low-maintenance single-family homes—all within 1 mile of each other. Tenants pay all utilities, and recent upgrades totaling over $200K (roofs, HVACs, windows, flooring, paint) mean minimal maintenance is needed moving forward. This portfolio brings in over $270,000/year in government-backed rent, with rent increases already set for October and pro forma income projected near $300K by 2026. Ideally located near the iconic Indochine restaurant, UNCW, and major job centers. Surrounded by new development and positioned near the planned Independence Blvd extension, this area is poised for continued growth—making this a strategic, cash-flowing opportunity in one of Wilmington’s fastest-growing pockets. Rent roll and Section 8 docs available upon request.

Features
: See Remarks
: Heat Pump, Electric
: Central Air
: None
: None
: See Remarks
: See Remarks
: None
: Sewer Available, Water Available
Address Map
US
NC
New Hanover
Wilmington
28405
Emory
1101
Street
W78° 5' 30.7''
N34° 15' 1.8''
23rd St to MLK Parkway to right on Kornegay thru traffic circle - road becomes Spaulding-right on E. Stewart Circle, left on Emory St., 3rd house on right
MF-M
Neighborhood
Freeman
New Hanover
New Hanover
Holly Shelter
MLS Addon
East Atlantic Realty LLC
Adam Hashem
Yes
Yes
$0
Additional Information
: Brick Veneer
: Slab, Crawl Space, Combination
: One
2025-07-09
1
Listing Information
579514011
579503551
Commercial,Cash,Conventional
Expired
2026-01-13T07:20:28Z
HiveMLS
: Standard
2026-01-13T06:00:00Z

1101 Emory

1101 Emory Street, Wilmington, North Carolina 28405

$2,750,000
Listing ID #100518138
Basic Details
Property Type : Residential
Listing Type : For Sale
MLS ID : 143e1afde35a16dffc05a7addde7b001
Listing ID : 100518138
Price : $2,750,000
Year Built : 1971
Status : Expired
Property Sub Type : Single Family Residence
Roof : Shingle
Agent info
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