Wilmington Four-Unit Income
For Sale
$695,000
407 Red Cross Street, Wilmington, NC 28401
MULTI_FAMILY - Wilmington, NC
Property Size3,301 SF
Lot Size0.12 Acres
Price / SF$210.54
Days on Market123
Property Features for 407 Red Cross Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
HD-MU
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Appliances
Electric Oven, Refrigerator
Subdivision
Historic District
Elementary school
Snipes
Middle school
Williston
High school
New Hanover
Directions
Go north on N 3rd Street, turn right on to Red Cross. Once you cross over N 4th Street the property is on the left. Park on the street.
Standard status
Active
APN
R04813-028-018-000
Size
3,301 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Lots 4/5 Blk 235 Wilmington
Tax Annual Amount
1298
Legal Description
Pt Lots 4/5 Blk 235 Wilmington
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Wood, Tile, Lvt/lvp
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Intracoastal Realty Corporation
(910) 256-4503
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Added: Mar 30
Changed: Jul 18
Last Checked: Jul 30 at 11:06PM
MLS# 100563459
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 four-unit income-producing property is located in the Historic Mixed-Use District of downtown Wilmington, close to the Riverwalk and near shopping, dining, entertainment, and local businesses. The fully leased building contains two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The property, zoned HD-MU, offers steady rental income and an investment opportunity. The property size is 3301 square feet and the lot size is 0.12 acres. There is potential for increased returns through upgrades and improvements, making it suitable for investors looking to add value in a downtown location.
Key Highlights
- Four‑unit income‑producing property in downtown Wilmington’s Historic Mixed‑Use District
- Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Building is fully leased with strong occupancy already in place
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,287
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing four-unit property in Wilmington's Historic Mixed-Use District.
Where is this quadplex located?
The property is located at 407 Red Cross 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: Four‑unit income‑producing property in downtown Wilmington’s Historic Mixed‑Use District; Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Building is fully leased with strong occupancy already in place
