Turnkey Wilmington Multifamily Investment
1421 -1425 Wellington Avenue, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property size:
3,542 SFLot size:
0.30 AcresPrice / SF:
$300/SF- Added:
- Apr 4, 2026
- Days on Market:
- 50
- Last Refresh:
- May 23 at 8:06 am
Property Features for 1421 -1425 Wellington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- O&I
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 6, Bedroom 8, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 9
- Parking
- 1
- Parking features
- Off Street
- Interior features
- See Remarks61
- Standard status
- Active
- APN
- R06015-001-001-000
- Size
- 3,542 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- South Wellington Heights and Blk 11 S Wilm Place
- Tax Annual Amount
- 3102
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Brick Veneer, Vinyl Siding, Wood Frame
- Roof type
- Shingle
- Additional Structures
- See Remarks
Listing agent Jeffrey G Hovis License #234605 (910) 512-2205
Listing office Intracoastal Realty Corp 1900 Eastwood Road, Suite 38, Wilmington, NC (910) 256-4503
Listing date Apr 4, 2026
MLS# 100564998
Listing URL
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
- Turnkey, fully income‑producing 4‑unit property (two duplexes on adjacent lots).
- Rare 'quad' setup ideal for immediate cash flow and portfolio expansion.
- Desirable unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA.
- Convenient location near hospital, shopping, businesses, and beaches in a strong rental demand area.
- Off‑street parking and garage included.
- O&I zoning allows for potential conversion to other permitted uses (buyer to verify).
Overview
This turnkey investment opportunity features two duplexes on adjacent lots, sold together as a rare 'quad' setup. The property is ideal for investors seeking immediate cash flow and portfolio expansion. The unit mix includes one 3-bedroom/2-bathroom unit, one 2-bedroom/2-bathroom unit, one 2-bedroom/1-bathroom unit, and one 3-bedroom/3-bathroom unit. The property provides off-street parking and a garage. Situated on a 0.3-acre corner lot, the property is zoned O&I, offering flexibility for continued residential use or potential conversion to other permitted uses. The property is currently fully income-producing. Conveniently located near a hospital, shopping, businesses, and beaches, the property is in a strong rental demand area. The property contains 3,542 square feet. It is a great opportunity for investors looking for stable income with upside potential.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.925246
- Latitude
- 34.19818
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property near hospital, shopping, and beaches. Fully income-producing.
Where is this quadplex located?
The property is located at 1421 -1425 Wellington Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $1,065,000.
What are key features of this property?
This property features: Turnkey, fully income‑producing 4‑unit property (two duplexes on adjacent lots).; Rare 'quad' setup ideal for immediate cash flow and portfolio expansion.; Desirable unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA.
