Wilmington Income-Generating Multifamily
For Sale
Under Contract
$719,000
2020 Princess Place Drive, Wilmington, NC 28405
MULTI_FAMILY - Wilmington, NC
Property Size2,015 SF
Lot Size0.11 Acres
Price / SF$356.82
Days on Market241
Property Features for 2020 Princess Place Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
CB
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Ceiling Fan(s), Furnished
Appliances
Electric Oven, Built-In Microwave, Refrigerator, Dryer, Dishwasher
Subdivision
Princess Place
Lot features
Corner Lot
Elementary school
Snipes
Middle school
Williston
High school
New Hanover
Directions
From Downtown take Market Street east. Turn left on N 23rd Street, turn left on Princess Place and property is on the left hand side at Princess Place and 20th Street.
Standard status
Active Under Contract
APN
R04815-017-011-000
Size
2,015 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 50X100 Greenbrook
Tax Annual Amount
1763
Legal Description
Lot 50X100 Greenbrook
Utilities
Utilities
Water Available
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
3
Flooring type
Laminate
Building materials
Block, Concrete
Roof type
Membrane
Listing Agency:
Intracoastal Realty Corporation
(910) 256-4503
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Added: Dec 1, 2025
Changed: Jul 18
Last Checked: Jul 30 at 11:06PM
MLS# 100543464
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 income-generating property is located close to Downtown Wilmington, Burnt Mill Creek, and the Soda Pop District. The property, zoned Community Business (CB), is currently operating as a short, mid, and long-term income rental property. It features three units totaling 2015 square feet. The property is well-maintained, and the units have been nicely updated. Off-street parking is available. The zoning allows for a number of other opportunities, or one could continue the ongoing operations. The lot size is 0.11 acres.
Key Highlights
- Income‑generating 3‑unit property with a total of 2015 SF
- Community Business zoned property currently operating as short-, mid-, and long‑term rentals
- Well‑maintained units with updates and furnished interiors
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 28405, NC
31,775
Population
17,073
Households
1.9
Avg Household Size
41
Median Age
41%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,352
Density / Sq Mi
$67,809
Median Household Income
$41,265
Median Earnings
$1,405
Median Rent
$337,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property near Downtown Wilmington, suitable for various rental strategies.
Where is this triplex located?
The property is located at 2020 Princess Place Drive Wilmington, NC.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Income‑generating 3‑unit property with a total of 2015 SF; Community Business zoned property currently operating as short-, mid-, and long‑term rentals; Well‑maintained units with updates and furnished interiors
