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Brand-New Quadruplex with Private Entrances
For Sale
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1111 McRae St, Wilmington, NC 28401

New four-unit quadruplex with private entrances, stainless-steel appliances, and individually metered power for each unit.

Property SizeContact for details
Days on Market123

Property Features for 1111 McRae St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 4

Amenities

private entrances
new stainless-steel appliances
off-street parking

Building Details

Tenancy Multi
Listing Agency: Aspyre Realty Group
Listed By: Tyson Emery · License #278530
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 4:38PM

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 brand-new quadruplex is offered as a single building with four move-in ready units. Each unit features three bedrooms and two full bathrooms, along with private entrances designed to support tenant privacy. Kitchens are equipped with new stainless-steel appliances.

Off-street parking is available per unit, with overflow parking on the street. Power is metered individually for each unit, while water and sewer are on one meter per building.

For those seeking a four-rental residential income property, this configuration provides a straightforward, unit-by-unit utility setup alongside independent access for each tenant.

Key Highlights

  • New four‑unit quadruplex (1 building) with 3 bedrooms and 2 full bathrooms in each unit
  • Move‑in ready units with private entrances for tenant security and exclusivity
  • New stainless‑steel appliances included in each 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.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

182
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 - New four-unit quadruplex with private entrances, stainless-steel appliances, and individually metered power for each unit.
Where is this quadplex located?
The property is located at 1111 McRae St Wilmington, NC.
What are key features of this property?
This property features: New four‑unit quadruplex (1 building) with 3 bedrooms and 2 full bathrooms in each unit; Move‑in ready units with private entrances for tenant security and exclusivity; New stainless‑steel appliances included in each unit
More about this property
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