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    12 Nathan St Wrightsville Beach, NC

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    For Sale
    $2,495,000

    Six rental units steps from the sand in Wrightsville Beach.

    Property size:
    3,682 SF
    Lot size:
    0.11 Acres

    Property Features for 12 Nathan St

    General Information

    Size
    3,682 SF
    Lot size
    0.11 Acres

    Source: Cadence Realty Corporation Agent Ross Joseph Tomaselli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wrightsville Beach Multifamily Investment Opportunity

    Located steps from the sand in Wrightsville Beach, 12 Nathan Street features six rental units. The property is situated on a 50x90 lot zoned R2. The property consists of four 1-bedroom units in the main house and two 2-bedroom units in a detached accessory dwelling unit (ADU). The property contains 3,682 square feet. All six units are currently leased, providing cash flow. The property can be renovated and repositioned as a short-term rental portfolio, capitalizing on Wrightsville Beach's vacation market. Alternatively, the lot can be redeveloped into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel. This property presents an opportunity to invest in one of North Carolina's beach communities.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wrightsville Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.7963709
    Latitude
    34.2085036

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    FAQs

    What type of property is this?
    Apartment building - Six rental units steps from the sand in Wrightsville Beach.
    Where is this apartment building located?
    The property is located at 12 Nathan St Wrightsville Beach, NC.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Six grandfathered rental units on a valuable R2-zoned lot, steps from the beach.; - Immediate cash flow from currently leased units with strong rental rates.; - Opportunity to renovate and reposition as a high-yield short-term rental portfolio.
    (910) 367-2663
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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
    12 Nathan St Wrightsville Beach, NC
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