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Two-Duplex Quadplex
For Sale
$1,065,000

1421 -1425 Wellington Avenue, Wilmington, NC 28401

Residential Income, Wilmington, NC

Property Size3,542 SF
Lot Size0.30 Acres
Price / SF$300.68
Days on Market142

Property Features for 1421 -1425 Wellington Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning O&I
Bedrooms 9
Bathrooms 4
Full bathrooms 6
Rooms Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 3, Bedroom 4, Bathroom 6, Bathroom 4, Bathroom 5, Bedroom 7, Bathroom 2
Parking 1
Parking features Off Street
Subdivision Halcyon
Elementary school Sunset
Middle school Williston
High school New Hanover
Directions Traveling south on Carolina Beach Rd. turn left onto Wellington Ave. duplexes are on the left
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
Legal Description South Wellington Heights and Blk 11 S Wilm Place

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
Listing Agency: Intracoastal Realty Corporation
Listed By: Jeffrey G Hovis · License #234605
Added: Apr 4 Changed: Aug 20 Last Checked: Aug 23 at 1:06AM
MLS# 100564998

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 Wilmington quadplex comprises two duplexes on adjacent lots conveyed together, with 3,542 square feet of total property size. The unit mix includes one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA residence. Built in 1974, the buildings feature brick veneer, vinyl siding, wood-frame construction, vinyl flooring, shingle roofing, forced-air electric heating, and central air conditioning. Off-street parking and a garage are also included.

The property occupies a 0.303-acre corner lot at 1421–1425 Wellington Avenue in Wilmington, NC 28401. O&I zoning applies, and the property is currently fully income-producing. The surrounding area includes a hospital, shopping, businesses, and beaches.

Key Highlights

  • Four residential units across two duplexes on adjacent lots
  • Unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA
  • 3,542 square feet on 0.303 acres

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Barber Shop Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,132
Businesses Nearby

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Fully income-producing residential property with off-street parking, a garage, and varied bedroom-bathroom configurations.
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: Four residential units across two duplexes on adjacent lots; Unit mix: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA; 3,542 square feet on 0.303 acres
More about this property
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