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Turnkey Wilmington Multifamily Investment Opportunity

1421 -1425 Wellington Avenue, Wilmington, NC 28401

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For Sale

$1,065,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,542 SF

Lot size:

0.30 Acres

Price / SF:

$300/SF

HighLights

Turnkey 4‑unit property: two duplexes on adjacent lots (sold together)
Unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA
Fully income‑producing per current operations and rental setup
On a corner lot with O&I zoning; flexibility for continued residential use or other permitted uses (buyer to verify)
Brick veneer and vinyl siding exterior; wood frame construction; shingle roof
Central air with forced air and electric heating; off‑street parking and garage

We can help!

Contact an agent

Jeffrey G Hovis

For Sale

$1,065,000

MULTI_FAMILY - Wilmington, NC

Property size:

3,542 SF

Lot size:

0.30 Acres

Price / SF:

$300/SF

Added:: Apr 4, 2026
Days on Market:: 96
Last Refresh:: Jul 8 at 12:06 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 5, Bedroom 9, Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 3, Bedroom 8
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: Electric (Heating), Forced Air
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

We can help!

Contact an agent

Jeffrey G Hovis

Listing agent Jeffrey G Hovis License #234605

Listing office Intracoastal Realty Corp 1900 Eastwood Road, Suite 38, Wilmington, NC

Listing date Apr 4, 2026

MLS# 100564998 Listing URL

HighLights

Turnkey 4‑unit property: two duplexes on adjacent lots (sold together)
Unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA
Fully income‑producing per current operations and rental setup
On a corner lot with O&I zoning; flexibility for continued residential use or other permitted uses (buyer to verify)
Brick veneer and vinyl siding exterior; wood frame construction; shingle roof
Central air with forced air and electric heating; off‑street parking and garage

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

Suggested Use

Location Insight

Map
Local Demand

City: Wilmington
County: New Hanover
State: North Carolina
Longitude: -77.925246
Latitude: 34.19818

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For sale
Quadplexes
NC
Wilmington
28401
1421 -1425 Wellington Avenue

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 4‑unit property: two duplexes on adjacent lots (sold together); Unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA; Fully income‑producing per current operations and rental setup

1421 -1425 Wellington Avenue, Wilmington, NC 28401

MULTI_FAMILY - Wilmington, NC

Property Features for 1421 -1425 Wellington Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Suite with Exam Rooms

Renovated Restaurant Facility on Market

Four-Unit Duplex Condominium Property

Duplex Portfolio with Six Units

Adaptable Commercial Property in Wilmington

Wilmington Duplex: Investment Opportunity

Wilmington Duplex: Investment Opportunity

Duplex Portfolio with Fenced Yards

Wilmington Duplexes: Investment Opportunity

Renovated Duplex with Three Bedrooms

Historic Downtown Wilmington Triplex Investment

Wilmington Four-Unit Income Property

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