Side-by-Side Duplex
For Sale
$725,000
1308 Corbett Street, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property Size3,096 SF
Lot Size0.12 Acres
Price / SF$234.17
Days on Market226
Property Features for 1308 Corbett Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 2
Parking features
Off Street
Patio and Porch features
Patio, Porch
Interior features
High Ceilings, Wash/Dry Connect, Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower
Appliances
Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Disposal, Dishwasher
Subdivision
Love Grove
Elementary school
Snipes
Middle school
Williston
High school
New Hanover
Directions
From Hwy 17 N to Wilmington. Take the exit toward Ilm Int'l Airport from US-74 E/Martin Luther King Jr Pkwy. Follow One Tree Hill Way and Love Grove Memorial Bridge to Creekfront Dr
Standard status
Active
APN
R04806-002-005-000
Size
3,096 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal
Tax Annual Amount
3137
Legal Description
Legal
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Flooring type
Lvt/lvp
Building materials
Vinyl Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Keller Williams Innovate-Wilmington · Keller Williams Realty
(910) 777-2200
Listed By:
The Domenico Grillo Real Estate Team
(910) 508-7387
Added: Dec 16, 2025
Changed: Jul 18
Last Checked: Jul 30 at 11:06PM
MLS# 100545578
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 for-sale portfolio includes eight duplex buildings arranged side by side in a single row, with each duplex located on its own parcel. The offering totals 16 units, with unit layouts described as 1 bedroom downstairs and 3 bedrooms upstairs, and each unit configured as 4 bedrooms and 2 bathrooms. Each unit includes its own driveway and a fenced-in backyard, along with a storage unit in the back of every unit.
Interior finishes and appliance details noted in the remarks include granite countertops, stainless steel appliances, and waterproof flooring. The property is listed with a total size of 3,096 square feet and a lot size of 0.115 acres. Public remarks also indicate the duplex complex is next to a new home development in Love Grove, within downtown Wilmington.
For tenants, the owner’s selection criteria and lease structure are described as government-backed and guaranteed through the Sec8 program, with tenants having met requirements including no previous evictions and no felonies, plus strong references from past landlords. The remarks state the property is currently fully occupied and report total rental income of about $40,000 per month ($480,000 per year). The duplex package is described as separable into smaller combinations or available as a single consolidated purchase.
Interior finishes and appliance details noted in the remarks include granite countertops, stainless steel appliances, and waterproof flooring. The property is listed with a total size of 3,096 square feet and a lot size of 0.115 acres. Public remarks also indicate the duplex complex is next to a new home development in Love Grove, within downtown Wilmington.
For tenants, the owner’s selection criteria and lease structure are described as government-backed and guaranteed through the Sec8 program, with tenants having met requirements including no previous evictions and no felonies, plus strong references from past landlords. The remarks state the property is currently fully occupied and report total rental income of about $40,000 per month ($480,000 per year). The duplex package is described as separable into smaller combinations or available as a single consolidated purchase.
Key Highlights
- 8 duplexes (16 units) built in 2023, side by side in a row on the same street; each duplex is on its own parcel.
- Total size: 24,768 sqft across 16 units; each unit is listed as 1,548 sqft with 4 bedrooms and 2 bathrooms.
- Each unit has its own driveway and fenced backyard, plus a storage unit in the back of every unit.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Eight side-by-side duplexes featuring fenced backyards, individual driveways, and secured storage units.
Where is this duplex located?
The property is located at 1308 Corbett Street Wilmington, NC.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8 duplexes (16 units) built in 2023, side by side in a row on the same street; each duplex is on its own parcel.; Total size: 24,768 sqft across 16 units; each unit is listed as 1,548 sqft with 4 bedrooms and 2 bathrooms.; Each unit has its own driveway and fenced backyard, plus a storage unit in the back of every unit.
