Wilmington Four-Unit Income
407 Red Cross Street, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property size:
3,301 SFLot size:
0.12 AcresPrice / SF:
$210/SF- Added:
- Mar 30, 2026
- Days on Market:
- 53
- Last Refresh:
- May 21 at 10:06 pm
Property Features for 407 Red Cross Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HD-MU
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 2
- Parking features
- On Street
- Patio and Porch features
- Porch
- Appliances
- Electric Oven, Refrigerator
- Standard status
- Active
- APN
- R04813-028-018-000
- Size
- 3,301 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Pt Lots 4/5 Blk 235 Wilmington
- Tax Annual Amount
- 1298
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Wood, Tile, Lvt/lvp
- Building materials
- Wood Siding, Wood Frame
- Roof type
- Shingle
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 Mar 30, 2026
MLS# 100563459
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
- Fully leased, income‑producing four‑unit building.
- Prime downtown Wilmington location near the Riverwalk, shopping, dining, and entertainment.
- Desirable unit mix: two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units.
- Strong occupancy in place, providing steady rental income.
- Significant upside potential for increased returns through upgrades and improvements.
- Built in 1920 with wood siding and frame, featuring central air and on‑street parking.
Overview
This four-unit income-producing property is located in the Historic Mixed-Use District of downtown Wilmington, close to the Riverwalk and near shopping, dining, entertainment, and local businesses. The fully leased building contains two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The property, zoned HD-MU, offers steady rental income and an investment opportunity. The property size is 3301 square feet and the lot size is 0.12 acres. There is potential for increased returns through upgrades and improvements, making it suitable for investors looking to add value in a downtown location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.944931
- Latitude
- 34.241561
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Income-producing four-unit property in Wilmington's Historic Mixed-Use District.
Where is this quadplex located?
The property is located at 407 Red Cross Street Wilmington, NC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully leased, income‑producing four‑unit building.; Prime downtown Wilmington location near the Riverwalk, shopping, dining, and entertainment.; Desirable unit mix: two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units.
