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.
Features
: Forced Air, Electric, Other
: Central Air
: Partial
: Front Porch
: On Street
: Laminate, Wood
: See Remarks61
: Water Connected
Address Map
US
NC
New Hanover
Wilmington
28401
Queen
1220
Street
W78° 4' 3.9''
N34° 13' 39.1''
Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen
R-5
Neighborhood
Forest Hills
Hoggard
New Hanover
Williston
MLS Addon
RE/MAX Essential
Benjamin T Eisenberg
Yes
Yes
$0
Additional Information
882
: Wood Frame
1
: Crawl Space
: One
33 x 100
2026-04-29
1
: Public
Listing Information
579507870
579502097
Cash,Conventional
Active
2026-04-29T17:55:15Z
HiveMLS
: Standard
2026-04-29T17:41:08Z
1220 Queen
1220 Queen Street, Wilmington, North Carolina 28401
2 Bedrooms
1 Bathrooms
882 Sqft
0.08 Acre
$1,250,000
Listing ID #100570339
Basic Details
Property Type : Residential
Listing Type : For Sale
MLS ID : 65838aceb7a5efe42971536bad60e21b
Listing ID : 100570339
Price : $1,250,000
View : See Remarks
Bedrooms : 2
Bathrooms : 1
Rooms : 4
Lot Area : 0.08 Acre
Square Footage : 882 Sqft
Year Built : 1920
Status : Active
Full Bathrooms : 1
Property Sub Type : Single Family Residence
Roof : Shingle
Agent info
101 Village Drive, McCormick SC 29835
Contact Agent