Four-Unit Income
For Sale
Contact for pricing
407 Redcross Street, Wilmington, NC 28401
Fully leased fourplex offers two two-bedroom units and two one-bedroom units in a downtown Wilmington setting.
Property Size3,301 SF
Price / SF$210.54
Days on Market123
Property Features for 407 Redcross Street
General Information
Standard status
Active
Size
3,301 SF
Property subtype
MULTIFAMILY
Occupancy
100%
Additional Details
Multifamily Units
4
Listing Agency:
Intracoastal Realty Corp
Listed By:
Sky Grainger · License #234605
(910) 833-2546
Source:
Moodyscre
Added: Mar 30
Changed: Jul 25
Last Checked: Jul 30 at 12:41PM
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 Corp
Investment Insights
Based on property information with market context.
This four-unit income property is fully leased and arranged as two two-bedroom/one-bath units and two one-bedroom/one-bath units. The existing occupancy supports steady rental income, with the unit mix providing flexibility for property management and leasing.
Located in the Historic Mixed-Use District of downtown Wilmington, the building is just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses.
As an income-producing asset, it also offers room for investor-led improvements and upgrades to increase returns over time.
Located in the Historic Mixed-Use District of downtown Wilmington, the building is just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses.
As an income-producing asset, it also offers room for investor-led improvements and upgrades to increase returns over time.
Key Highlights
- Fully leased four‑unit income property in downtown Wilmington
- Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Strong occupancy already in place
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex offers two two-bedroom units and two one-bedroom units in a downtown Wilmington setting.
Where is this quadplex located?
The property is located at 407 Redcross Street Wilmington, NC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully leased four‑unit income property in downtown Wilmington; Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Strong occupancy already in place
