1220 Queen Street
Wilmington, NC 28401
- $1,250,000
- 2 beds
- 1 bath
- 882 sq ft
- 0.08 acre lot
Overview
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.
Photos
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Features
- Residential
- Built 1920
- Dawson-Castle Street
- New Hanover County
Map
1220 Queen Street, Wilmington, NC 28401
1220 Queen Street, Wilmington, NC 28401
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Ask about 1220 Queen Street in Wilmington. We'll confirm availability and next steps.
- Listing Agent:
- Benjamin T Eisenberg
- Phone:
- 910-619-1533
- Brokerage:
- RE/MAX Essential
- Source:
- Hive MLS · MLS# 100570339
MLS data last updated 8/7/2026. Information is deemed reliable but not guaranteed and should be independently verified.