1220 Queen Street
Wilmington, NC 28401
$1,250,000
About the property
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.
At a glance
Listing details
- Full bathrooms
- 1
- Half bathrooms
- 0
- Heated square feet
- 882
- Lot acres
- 0.08
- Lot dimensions
- 33 x 100
- Stories
- 1
- Zoning
- R-5
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- Forest Hills
- Middle school
- Williston
- High school
- Hoggard
- School district
- New Hanover
Complete report
Property features
- City
- Wilmington
- Sub-Type
- Single Family Residence
- County
- New Hanover
- Location Type
- Mainland
- Subdivision
- Dawson-Castle Street
- City Limits
- Yes
- Marketing City
- Wilmington
- Year Built
- 1920
- # Baths - Total
- 1
- # Bedrooms
- 2
- # Rooms
- 4
- Master Bedroom Level
- Primary Living Area
- New Construction
- No
- Sign on Property
- No
- Construction
- Wood Frame
- Cooling
- Central Air
- Dining Room Type
- Kitchen
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- See Remarks
- Foundation
- Crawl Space
- Terms
- Cash; Conventional
- Flooring
- Laminate; Wood
- Fencing
- Partial
- Interior Features
- See Remarks
- Garage & Parking
- Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0
- Heated SqFt
- 800 - 999
- Heating
- Forced Air; Other
- Heating System Fuel Source
- Electric
- Patio and Porch Features
- Front Porch
- Parking Features
- On Street
- Roof
- Shingle
- Road Type/Frontage
- Public (City/Cty/St)
- Levels
- One
- Utilities
- Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $195,500
- Cobra Zone
- No
- Deed Book
- 5636
- Deed Page
- 1195
- Plat Book
- 00
- PID
- R05410-015-027-000
- Tax Identifier
- R05410-015-027-000
- Plat Page
- 00
- Total Real Estate Property Taxes
- $1,150.53
- Special Assessments
- none
- Tax Year
- 2025
- Legal
- BLK 70 PT EM 1/2 Wilmington
- Directions to Property
- Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen
Location
Map & location
1220 Queen Street, Wilmington, NC 28401
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