Wilmington Multifamily Investment
1405 Corbett Street, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property size:
24,768 SFLot size:
0.12 AcresPrice / SF:
$234/SF- Added:
- Dec 9, 2025
- Days on Market:
- 163
- Last Refresh:
- May 21 at 1:06 am
Property Features for 1405 Corbett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Standard status
- Active
- APN
- R04806-006-174-000
- Size
- 24,768 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 2 Blk 10 Love Grove
- Tax Annual Amount
- 3137
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Number of units
- 16
- Roof type
- Shingle
Listing agent The Domenico Grillo Real Estate Team (910) 508-7387
Listing office Keller Williams Innovate-Wilmington 1001 Military Cutoff Suite 101, Wilmington, NC (910) 777-2200
Listing date Dec 9, 2025
MLS# 100544737
Copyright © 2026 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.
HighLights
- Portfolio of 8 Duplexes: Acquire 16 units in a single transaction.
- Strong Cash Flow: Approximately $40,000 per month ($480,000 annually).
- Government‑Backed Leases: All leases guaranteed through the Section 8 program.
- New Construction: Built in 2023, offering modern amenities and reduced maintenance.
- Desirable Unit Features: Each unit includes granite countertops, stainless steel appliances, waterproof flooring, private driveway, and fenced backyard with storage unit.
- Prime Location: Located in downtown Wilmington, next to a new home development in Love Grove, in a rapidly growing city.
Overview
This is an opportunity to acquire eight duplexes located in downtown Wilmington, adjacent to a new home development in Love Grove. The properties consist of sixteen units, each featuring four bedrooms and two bathrooms, with 1,548 square feet per unit, totaling 24,768 square feet. Each duplex is situated on its own parcel and includes a private driveway and 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 upstairs. The current total rental income is approximately $40,000 per month, or $480,000 annually. The properties are fully occupied, easy to manage, and in like-new condition. The current tenants have been carefully selected and have long histories and strong track records. Every lease is government backed and guaranteed though Sec8 program. Each tenant had to meet criteria of no previous evictions, no felonies, strong reference from past landlords and wanted to stay at the property for many years after initial lease period. They do not have to be sec8 if not wanted.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.93204
- Latitude
- 34.252903
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Eight duplexes in downtown Wilmington with significant cash flow potential.
Where is this duplex located?
The property is located at 1405 Corbett Street 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: Acquire 16 units in a single transaction.; Strong Cash Flow: Approximately $40,000 per month ($480,000 annually).; Government‑Backed Leases: All leases guaranteed through the Section 8 program.
