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    The Largest CRE Database in the US with Over 1 Million Listings

    419 S Front St Wilmington, NC 28401

    Sponsored
    For Sale
    $770,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    2,561 SF
    Lot size:
    0.11 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 20 at 5:06 pm

    Property Features for 419 S Front St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    HD-R
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    R05405-033-006-000
    Parking features
    Off Street
    Patio and Porch features
    Porch, Deck
    Interior features
    Master Downstairs, High Ceilings, Bookcases, 2nd Kitchen, Built-in Features, Cedar Closet(s)
    Exterior features
    Balcony
    Appliances
    Gas Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher
    Size
    2,561 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1903
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood, Tile
    Building materials
    Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brittany L Allen

    Keller Williams Realty (910) 264-6506

    Listing agent Brittany L Allen (910) 777-2200 License #242022

    Listing date Feb 20, 2026

    MLS# 100555713 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.

    Learn more

    Property Insight Report

    Overview

    Historic Downtown Wilmington Furnished Duplex

    This over 120-year-old home, located in historic downtown Wilmington, is being sold fully furnished. Currently configured as a duplex, it offers the potential to be converted back into a single-family home by opening the entry hallway between the two units. The property features a covered rocking chair front porch. The interior retains its historic charm with hardwood flooring, high ceilings, and finished trim work. The home includes natural gas hookups and gas stoves in both kitchens. Appliances, including refrigerators, washers, and dryers, are included. A new roof was installed in 2024, most of the home has been re-wired, and the exterior has been recently painted. The upstairs unit has been updated with an on-demand water heater. The property has a spacious backyard with an extended paver patio, new decking, and a newly installed privacy fence, with off-street parking in the back via alley access. The crawl space has been encapsulated and a dehumidifier installed. Situated downtown, the property is within walking distance of restaurants, coffee shops, and the historic USO building. With all furnishings included, it is ready for Airbnb or VRBO income. The property size is 2561 square feet and the lot size is 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    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
    -77.947606
    Latitude
    34.229359

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    FAQs

    What type of property is this?
    Duplex - Historic, furnished duplex in downtown Wilmington, ready for rental income.
    Where is this duplex located?
    The property is located at 419 S Front St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $770,000.
    What are key features of this property?
    This property features: - Fully furnished historic home in downtown Wilmington, ready for immediate occupancy or rental income (Airbnb/VRBO).; - Potential to convert from two units back to a single-family home.; - Recent updates include a new roof (2024), re-wiring, exterior paint, and on-demand water heater (upstairs unit).
    (910) 352-4012
    Request Owner's contact information
    419 S Front St Wilmington, NC 28401
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    Wilmington, NC 28401
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    419 S Front St Wilmington, NC 28401
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    We can help!
    Listing Contact
    Brittany L Allen
    Real Estate License ID: 242022
    (910) 352-4012 (910) 777-2200
    Learn more
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