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New Four-Unit Quadplex
For Sale
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1109 McRae St, Wilmington, NC 28401

Individual residences feature three bedrooms, two full bathrooms, and stainless-steel appliances.

Property SizeContact for details
Days on Market144

Property Features for 1109 McRae St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Aspyre Realty Group
Listed By: Tyson Emery · License #278530
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aspyre Realty Group

Investment Insights

Based on property information with market context.

This newly constructed quadplex contains four move-in-ready residences, each arranged with three bedrooms and two full bathrooms. Private entrances serve the individual units, while stainless-steel appliances are included in every residence. Off-street parking is available for each unit, with additional street parking providing overflow capacity.

Electric service is separately metered by unit, while water and sewer are measured through one meter serving the building. The property is located in the downtown area of Wilmington, placing the four-unit building within an established urban setting.

Key Highlights

  • One building with 4 individual rental units
  • Each unit includes 3 bedrooms and 2 full bathrooms
  • New stainless‑steel appliances in every unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Pharmacy Catering Service

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

Location Intelligence

Trade Area within ½ mile

519
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
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Frequently Asked Questions

What type of property is this?
Quadplex - Individual residences feature three bedrooms, two full bathrooms, and stainless-steel appliances.
Where is this quadplex located?
The property is located at 1109 McRae St Wilmington, NC.
What are key features of this property?
This property features: One building with 4 individual rental units; Each unit includes 3 bedrooms and 2 full bathrooms; New stainless‑steel appliances in every unit
More about this property
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