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    1405 Corbett St, Unit A Wilmington, NC 28401

    New
    For Sale
    $5,799,900

    MULTI_FAMILY - Wilmington, NC

    Property size:
    24,768 SF
    Lot size:
    0.12 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 10 at 8:06 pm

    Property Features for 1405 Corbett St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-3
    APN
    R04806-006-174-000
    Size
    24,768 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Number of units
    16
    Roof type
    Shingle

    Keller Williams Realty (910) 264-6506 [email protected]

    Listing agent The Domenico Grillo Real Estate Team (910) 777-2200

    Listing date Dec 10, 2025

    Copyright © 2025 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wilmington Multifamily Investment Opportunity

    This portfolio includes eight duplexes located in downtown Wilmington, adjacent to a new home development in Love Grove. Each duplex is situated on its own parcel. The properties consist of sixteen units, each featuring 4 bedrooms and 2 bathrooms, with 1,548 square feet per unit, totaling 24,768 square feet. Each unit includes its own driveway and a fenced backyard, along with a storage unit. Interior features include granite countertops, stainless steel appliances, and waterproof flooring. The floor plan includes one bedroom downstairs and three bedrooms upstairs. The current total rental income is approximately $40,000 per month, or $480,000 annually. The properties are located in a rapidly growing city. The zoning is R-3. The lot size is 0.12 acres. The units are fully occupied.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.93204
    Latitude
    34.252903

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    FAQs

    What type of property is this?
    Apartment building - Portfolio of eight duplexes near downtown Wilmington.
    Where is this apartment building located?
    The property is located at 1405 Corbett St, Unit A Wilmington, NC.
    What is the asking price?
    The asking price for this property is $5,799,900.
    What are key features of this property?
    This property features: - Portfolio of 8 duplexes (16 units) generating approximately $40,000/month ($480,000/year) in rental income.; - All leases are government backed and guaranteed through the Section 8 program.; - Each unit features 4 bedrooms, 2 bathrooms, and 1,548 sqft of living space, with individual driveways and fenced backyards.
    (910) 777-2200
    Request Owner's contact information
    1405 Corbett St, Unit A Wilmington, NC 28401
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    Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1405 Corbett St, Unit A Wilmington, NC 28401
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