Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic District Duplex Opportunity Title is generated by Realmo AI

    403 Dock Street, Wilmington, NC 28401

    View on Map
    Claim this Listing
    New
    For Sale
    $1,299,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    3,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $433/SF
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 403 Dock Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    HD-R
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 4
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    High Ceilings, Ceiling Fan(s), Walk-in Shower
    Appliances
    Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher
    Standard status
    Active
    APN
    R04817-036-008-000
    Size
    3,000 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Pt Wm 5 Blk 155
    Tax Annual Amount
    4134

    Utilities

    Heating system
    Natural Gas, Heat Pump (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1923
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Lvt/lvp
    Building materials
    Shake Siding, Brick, Wood Siding, Wood Frame
    Roof type
    Slate

    We can help!

    Listing Contact
    The Rieker Team

    Listing agent The Rieker Team License #288488

    Listing office Intracoastal Realty Corporation 1900 Eastwood Road, Suite 38, Wilmington, NC

    Listing date May 29, 2026

    MLS# 100577580 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

    • Prime Historic District location, steps from Riverwalk, restaurants, and shops.
    • Fully renovated duplex, ideal for homeownership and/or income generation.
    • Each unit features three spacious bedrooms and two new bathrooms with tiled walk‑in showers.
    • Stunning kitchens with ceramic tiled backsplashes and new stainless steel appliances.
    • Restored architectural gem with preserved original charm.
    • New LVP flooring throughout (ProFloor by ProSelect Design) and freshly painted rooms.

    Overview

    Located in the heart of the Historic District, this architectural duplex has been renovated to preserve its original charm. Each unit features three bedrooms with decorative fireplaces and two bathrooms with fully tiled walk-in showers. The kitchens include ceramic tiled backsplashes and new stainless steel appliances. The property has been freshly painted, and new LVP flooring has been installed throughout. The property is located steps from Wilmington's Riverwalk, restaurants, and shops. The property is situated on a lot of 0.06 acres and has a property size of 3000 square feet. The zoning is HD-R. The property is intended for use as a home or investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.944294
    Latitude
    34.234723

    Nearby Similar for Sale

    • $4,400,000
      7,922 SF

      Renovated Restaurant Facility on Market

      Move-in ready restaurant with drive-thru in Porters Neck area.
      8232 Market Street, Wilmington, NC 28411
      View Details
    • $875,000
      5,427 SF

      Adaptable Commercial Property in Wilmington

      Versatile 5,427 SF commercial building suitable for various uses.
      2619 Newkirk Avenue, Wilmington, NC 28412
      View Details
    • $3,550,000
      13,320 SF

      Wilmington Multifamily Investment Opportunity

      24-unit multifamily property near UNCW with income upside.
      145 Lullwater Drive, Wilmington, NC 28403
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Home

      Historic 4,761 sq ft home in downtown Wilmington.
      118 S 4th Street, Wilmington, NC 28401
      View Details
    • $1,065,000
      3,542 SF

      Turnkey Wilmington Multifamily Investment Opportunity

      Four-unit property near hospital, shopping, and beaches. Fully income-producing.
      1421 -1425 Wellington Avenue, Wilmington, NC 28401
      View Details
    • $695,000
      3,301 SF

      Wilmington Four-Unit Income Property

      Income-producing four-unit property in Wilmington's Historic Mixed-Use District.
      407 Red Cross Street, Wilmington, NC 28401
      View Details
    • $349,000
      2,000 SF

      Wilmington Multifamily Investment Opportunity

      Two homes on one lot near South Front District.
      1219 S 4th Street, Wilmington, NC 28401
      View Details
    • $495,000
      2,425 SF

      Charming Duplex in Downtown Wilmington

      Refreshed duplex blending historic charm with modern convenience in Wilmington.
      108 N 8th Street, Wilmington, NC 28401
      View Details
    • $1,075,000
      3,125 SF

      Historic Downtown Wilmington Triplex Investment

      Three-unit property in historic downtown Wilmington with income potential.
      308 Church Street, Wilmington, NC 28401
      View Details
    • $354,999
      1,350 SF

      Wilmington Duplex: Income and Potential

      Well-maintained duplex with rental income and owner-occupant potential.
      2803 Chappell Avenue, Wilmington, NC 28412
      View Details
    • $725,000
      3,096 SF

      Wilmington Duplex: Investment Opportunity

      Rare opportunity to own a fully occupied duplex.
      1308 Corbett Street, Wilmington, NC 28401
      View Details
    • $1,019,999
      3,000 SF

      Turnkey Triplex in Historic District

      Updated triplex in Wilmington's Historic District, fully furnished.
      317 S 3rd Street, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated duplex in Wilmington's Historic District, near Riverwalk.
    Where is this duplex located?
    The property is located at 403 Dock Street Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Prime Historic District location, steps from Riverwalk, restaurants, and shops.; Fully renovated duplex, ideal for homeownership and/or income generation.; Each unit features three spacious bedrooms and two new bathrooms with tiled walk‑in showers.
    (910) 795-6193
    We can help!
    Listing Contact
    The Rieker Team
    Real Estate License ID: 288488
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    403 Dock Street, Wilmington, NC 28401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!