Wilmington Income-Producing Multi-Family
For Sale
$3,495,000
4946 Wrightsville Avenue, Wilmington, NC 28403
MULTI_FAMILY - Wilmington, NC
Property Size1,733 SF
Lot Size0.22 Acres
Price / SF$2,016
Days on Market144
Property Features for 4946 Wrightsville Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-15
Parking features
Off Street
Subdivision
Not In Subdivision
Directions
College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.
Standard status
Active
APN
R05520-011-014-000
Size
1,733 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 1 BLK A WINTER PARK HEIGHTS
Tax Annual Amount
2033
Legal Description
LT 1 BLK A WINTER PARK HEIGHTS
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Roof type
Shingle
Listing Agency:
Carolina One Properties Inc.
(910) 679-6565
Listed By:
Gillespie Group
(910) 620-4380
Added: Mar 16
Changed: Apr 15
Last Checked: Aug 6 at 3:06PM
MLS# 100560554
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 portfolio features six single-family homes, each on its own parcel, situated on Wrightsville Avenue and Park Avenue in Wilmington, NC. Located in the 28403 zip code, the properties are approximately two minutes from the University of North Carolina Wilmington (UNCW). Each home includes 4 bedrooms and 3 bathrooms with an open-concept living design suitable for shared occupancy. All six homes are fully leased through July 2026, with five leases at $3,800 per month and one at $3,600 per month, generating a gross annual rental income of $271,200. New leases are in place through July 2027, all at $3,800 per month, producing $273,600 in annual gross income. The portfolio is under professional management, featuring online tenant portals and structured lease agreements. Since ownership, gross rents have increased by approximately 12%, and multiple capital improvements have been completed across the portfolio, including newer HVAC systems, water heaters, and appliance updates in several units. The location is approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. The properties are zoned R-15 and the lot size is 0.22 acres. The total property size is 1733 square feet. This portfolio represents a chance to acquire a stabilized position in a durable rental corridor.
Key Highlights
- Fully leased portfolio of six single‑family homes generating $273,600 in annual gross income with leases in place through July 2027.
- Prime location in Wilmington's reliable rental submarket, approximately 2 minutes from UNCW.
- Each home features 4 bedrooms and 3 bathrooms with open‑concept living, designed for shared occupancy.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 28403, NC
38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Stabilized income-producing portfolio near UNCW with long-term leases.
Where is this single family property located?
The property is located at 4946 Wrightsville Avenue Wilmington, NC.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Fully leased portfolio of six single‑family homes generating $273,600 in annual gross income with leases in place through July 2027.; Prime location in Wilmington's reliable rental submarket, approximately 2 minutes from UNCW.; Each home features 4 bedrooms and 3 bathrooms with open‑concept living, designed for shared occupancy.
