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Two-Home Multifamily Property
For Sale
$750,000

4408 McClelland Dr, Wilmington, NC 28405

Two detached residences share one parcel, supporting flexible occupancy or rental arrangements without an HOA.

Property Size2,638 SF
Price / SF$284.31
Days on Market97

Property Features for 4408 McClelland Dr

General Information

Standard status Active
Size 2,638 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/2BA, 1 x 3BR/3BA
Multifamily Units 2

Additional Details

Highway Access Yes

Building Details

Year Built 1996
Buildings 2
Listing Agency: eXp Realty
Listed By: Aspyre Collective
Source: Coastalrealtyassociates
Added: Jul 13 Changed: Oct 1 Last Checked: Oct 16 at 9:08AM

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 eXp Realty

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Investment Insights

Based on property information with market context.

This multifamily property includes two detached residences on one parcel with 2,638 square feet of combined property size. The front home at 4406 McClelland Drive is a single-story residence with 3 bedrooms and 2 bathrooms. The rear home at 4408 McClelland Drive is a two-story residence with 3 bedrooms and 3 bathrooms. Built in 1996, the property is zoned R-10 and has no HOA.

The property is positioned in central Wilmington, approximately 5–10 minutes from Downtown Wilmington, UNCW, and I-40, with Wrightsville Beach about 15 minutes away. The two-home configuration supports independent occupancy, multigenerational living, or a combination of personal use and short- or long-term rental use.

Key Highlights

  • Two detached homes on one parcel at 4406 and 4408 McClelland Drive
  • Front residence: single story with 3 bedrooms and 2 bathrooms
  • Rear residence: two story with 3 bedrooms and 3 bathrooms

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Bakery Locksmith Real Estate Agency Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

816
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two detached residences share one parcel, supporting flexible occupancy or rental arrangements without an HOA.
Where is this multifamily property located?
The property is located at 4408 McClelland Dr Wilmington, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two detached homes on one parcel at 4406 and 4408 McClelland Drive; Front residence: single story with 3 bedrooms and 2 bathrooms; Rear residence: two story with 3 bedrooms and 3 bathrooms
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