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Two-Residence Multifamily Property

1420 Eastwood Road, Wilmington, NC 28403

For Sale
$5,900,000

The property combines two homes, a pool, multiple garage spaces, and a third sewer tap for a future structure.

Property Size7,397 SF
Price / SF$797.62
Days on Market15

Property Features for 1420 Eastwood Road

General Information

Standard status Active
Size 7,397 SF
Property subtype Multi Family Home
Zoning R15

Site & Location

Neighborhood Mayfaire

Additional Details

Multifamily Units 2

Amenities

Master Downstairs
High Ceilings
Kitchen Island
Irrigation System

Building Details

Building Size 7,397 SF
Year Built 2021
Buildings 2
Stories 2
Units 2
Listing Agency: Intracoastal Realty Corporation
Listed By: Christina Whalen · License #328746
Source: Eddymyers
Added: Oct 26 Changed: Nov 7 Last Checked: Nov 8 at 5:24PM

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 Intracoastal Realty Corporation

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Investment Insights

Based on property information with market context.

Set on more than two acres, this R15-zoned property contains two residences with 7,397 square feet of combined living area. The one-story brick ranch has 4,164 square feet, a four-car garage, two porches, and a pool. Its kitchen includes a six-burner gas range, double ovens, and a scullery. The two-story farmhouse offers 3,233 square feet, four upstairs bedrooms, a covered screened porch, and an attached three-car garage. Both homes have whole-home generators, and the property also includes a detached garage and a third sewer tap for another structure.

Wrightsville Beach and Mayfaire are nearby, along with shopping and dining. The grounds include separate yard space beyond the pool for outdoor recreation.

Key Highlights

  • Two residences with 7,397 square feet of combined living area
  • More than two acres with R15 zoning
  • One‑story brick ranch offers 4,164 square feet and a four‑car garage

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,264
Businesses Nearby

Demographics for 28403, NC

38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value
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Market

Average Price Trend$/SF for Multifamily properties in Wilmington, NC

$278 Jul
$312 Aug
$295 Sep
$304 Oct

Properties on Market for Multifamily properties in Wilmington

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property combines two homes, a pool, multiple garage spaces, and a third sewer tap for a future structure.
Where is this multifamily property located?
The property is located at 1420 Eastwood Road Wilmington, NC.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Two residences with 7,397 square feet of combined living area; More than two acres with R15 zoning; One‑story brick ranch offers 4,164 square feet and a four‑car garage
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