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    Wilmington Multifamily Investment Opportunity

    1405 Corbett Street Wilmington, NC 28401

    1405 Corbett Street, Wilmington, NC, 28401
    $5,199,900
    For Sale
    Claim this Listing
    $5,199,900

    MULTI_FAMILY - Wilmington, NC

    Property Size24,768 SF
    Lot Size0.12 Acres
    Price / SF$209.94
    AddedDec 9, 2025
    Days on Market219
    Last RefreshJul 16 at 2:06 pm

    Property Features for 1405 Corbett Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-3
    Standard status
    Active
    APN
    R04806-006-174-000
    Size
    24,768 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 2 Blk 10 Love Grove
    Tax Annual Amount
    3137

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Number of units
    16
    Roof type
    Shingle

    Listing agent The Domenico Grillo Real Estate Team

    Listing office Keller Williams Innovate-Wilmington 1001 Military Cutoff Suite 101, Wilmington, NC

    Listing date Dec 9, 2025

    MLS# 100544737

    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 is a portfolio of eight duplexes located in downtown Wilmington, adjacent to a new home development in Love Grove. The properties consist of sixteen units, each featuring 4 bedrooms and 2 bathrooms, with 1,548 square feet per unit, totaling 24,768 square feet. Each unit includes granite countertops, stainless steel appliances, and waterproof flooring. The floor plan includes one bedroom downstairs and three upstairs. Each duplex is situated on its own parcel, with every unit having its own driveway and fenced backyard, as well as a storage unit. The current total rental income is approximately $40,000 per month, or $480,000 annually. The properties are fully occupied and offer an opportunity to own multifamily properties in a growing city with a strong return. The zoning is R-3. The lot size is 0.12 acres. The properties are located in New Hanover County.

    Key Highlights

    • Portfolio of 8 Duplexes: Acquire 16 units in a single transaction.
    • Strong Cash Flow: Approximately $40,000 per month ($480,000 annually).
    • Government‑Backed Leases: All leases guaranteed through the Section 8 program.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office HVAC Service Spa & Massage Center Bakery (Bike/Boat/Book/etc) Store Hair Salon Cafe & Coffee Shop Grocery & Convenience Store

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

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    FAQs

    What type of property is this?
    Duplex - Eight duplexes, sixteen units, fully occupied, excellent cash flow.
    Where is this duplex located?
    The property is located at 1405 Corbett Street Wilmington, NC.
    What is the asking price?
    The asking price for this property is $5,199,900.
    What are key features of this property?
    This property features: Portfolio of 8 Duplexes: Acquire 16 units in a single transaction.; Strong Cash Flow: Approximately $40,000 per month ($480,000 annually).; Government‑Backed Leases: All leases guaranteed through the Section 8 program.
    Contact an agent
    (910) 508-7387
    We can help!
    Contact an agent
    The Domenico Grillo Real Estate Team
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