Wilmington Multifamily Investment
1405 Corbett Street Wilmington, NC 28401
1405 Corbett Street, Wilmington, NC, 28401
$5,199,900
For Sale
$5,199,900
MULTI_FAMILY - Wilmington, NC
Property Size24,768 SF
Lot Size0.12 Acres
Price / SF$209.94
Days on Market221
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 Agency
Keller Williams Innovate-Wilmington
(910) 777-2200
1001 Military Cutoff Suite 101, Wilmington, NC
Listed by
The Domenico Grillo Real Estate Team
(910) 508-7387
Added: Dec 9, 2025 Checked: Jul 18 at 6:06 am
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.
Investment Insights
Based on property information with market context.
This is a portfolio of eight duplexes located in downtown Wilmington, adjacent to a new home development in Love Grove. 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 granite countertops, stainless steel appliances, and waterproof flooring. The floor plan includes one bedroom downstairs and three upstairs. Each duplex is situated on its own parcel, with every unit having its own driveway and fenced backyard, as well as a storage unit. The current total rental income is approximately $40,000 per month, or $480,000 annually. The properties are fully occupied and offer an opportunity to own multifamily properties in a growing city with a strong return. The zoning is R-3. The lot size is 0.12 acres. The properties are located in New Hanover County.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Eight duplexes, sixteen units, fully occupied, excellent cash flow.
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 $5,199,900.
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.
