Wilmington Duplex: Investment
1501 Stanley Street, Wilmington, NC 28401
New
MULTI_FAMILY - Wilmington, NC
Property size:
3,096 SFLot size:
0.12 AcresPrice / SF:
$209/SF- Added:
- May 31, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 2 at 5:06 am
Property Features for 1501 Stanley Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bedroom 8, Bathroom 3, Bedroom 1, Bedroom 7
- 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
- Standard status
- Active
- APN
- R04806-006-024-000
- Size
- 3,096 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 8 Love Grove Blk 18
- Tax Annual Amount
- 3137
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 agent The Domenico Grillo Real Estate Team (910) 508-7387
Listing office Keller Williams Innovate-Wilmington 1001 Military Cutoff Suite 101, Wilmington, NC (910) 777-2200
Listing date May 31, 2026
MLS# 100577978
Listing URL
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.
HighLights
- High Cash Flow Potential: $5,300 per month per duplex, $43,200 for all 8. Government‑backed leases available.
- Investment Opportunity: Purchase 1‑8 duplexes in growing downtown Wilmington.
- New Construction: Built in 2023, minimal maintenance.
- Turnkey Ready: Some units vacant, some occupied.
- Desirable Unit Features: Each unit includes 4 bedrooms, 2 full bathrooms, a fenced backyard, private driveway, and storage unit.
- Modern Amenities: Granite countertops, stainless steel appliances, and waterproof flooring.
Overview
This is a rare opportunity to acquire one of eight duplexes located in downtown Wilmington, adjacent to a new home development in Love Grove. The properties can be purchased individually or as a package. Each duplex features two units, each with 4 bedrooms and 2 full bathrooms. Each unit also includes a fenced backyard and a private driveway. The total square footage per duplex is 3,096 sqft, with 1,548 sqft per unit. Each duplex is situated on its own parcel. Additional features include a storage unit in the back of every unit, granite countertops, stainless steel appliances, and waterproof flooring. The floor plan includes one bedroom downstairs and three upstairs. Some units are vacant, while others are occupied. The current total rental income per month per duplex is $5,300. The zoning is R-3. The lot size is 0.12 acres. The properties are located in a rapidly growing city and offer a strong return on investment. The properties are easy to manage and can be fully occupied. Leases are government-backed and guaranteed through the Section 8 program, with tenants meeting criteria such as no previous evictions, no felonies, and strong references from past landlords. However, Section 8 is not required. The property is located in New Hanover County.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.929952
- Latitude
- 34.253206
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare opportunity to own a duplex in downtown Wilmington.
Where is this duplex located?
The property is located at 1501 Stanley Street Wilmington, NC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: High Cash Flow Potential: $5,300 per month per duplex, $43,200 for all 8. Government‑backed leases available.; Investment Opportunity: Purchase 1‑8 duplexes in growing downtown Wilmington.; New Construction: Built in 2023, minimal maintenance.
