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    2020 Princess Place Dr Wilmington, NC 28405

    New
    For Sale
    $719,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    2,015 SF
    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 2020 Princess Place Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CB
    Rooms
    Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    3
    Bathrooms
    3
    APN
    R04815-017-011-000
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Wash/Dry Connect, Ceiling Fan(s), Furnished
    Appliances
    Electric Oven, Built-In Microwave, Refrigerator, Dryer, Dishwasher
    Size
    2,015 SF
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate
    Building materials
    Block, Concrete
    Roof type
    Membrane

    Intracoastal Realty Corp (800) 533-1840

    Listing agent Jeffrey G Hovis (910) 256-4503 License #234605

    Listing date Dec 2, 2025

    MLS# 100543464 Listing URL

    Copyright © 2025 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.

    Overview

    Wilmington Income-Generating Multifamily Property

    This income-generating property is located close to Downtown Wilmington, Burnt Mill Creek, and the Soda Pop District. The property, zoned Community Business (CB), is currently operating as a short, mid, and long-term income rental property. It features three units totaling 2015 square feet. The property is well-maintained, and the units have been nicely updated. Off-street parking is available. The zoning allows for a number of other opportunities, or one could continue the ongoing operations. The lot size is 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.923474
    Latitude
    34.242512

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    FAQs

    What type of property is this?
    Triplex - Income property near Downtown, Burnt Mill Creek, and Soda Pop District.
    Where is this triplex located?
    The property is located at 2020 Princess Place Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $719,000.
    What are key features of this property?
    This property features: - Income-generating property with short, mid, and long-term rental potential.; - Community Business zoning allows for diverse business opportunities.; - **Three updated units totaling 2015 square feet.**
    (910) 256-4503
    Request Owner's contact information
    2020 Princess Place Dr Wilmington, NC 28405
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    Wilmington, NC 28405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2020 Princess Place Dr Wilmington, NC 28405
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