Four-Unit Residential
7746 Alexander Road A-d, Wilmington, NC 28411
For Sale
$799,000
Four two-bedroom residences, each with one bathroom, sit on a substantial Wilmington parcel.
Property Size4,066 SF
Lot Size1.52 Acres
Price / SF$196.51
Days on Market51
Property Features for 7746 Alexander Road A-d
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Bloodworth Realty & Co.
Listed By:
Stacy L Bloodworth · License NC #279096
(910) 859-4100
Source:
Barefootbrokers
Added: Sep 26
Changed: Oct 25
Last Checked: Oct 7 at 1:57PM
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 Bloodworth Realty & Co.
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Investment Insights
Based on property information with market context.
This 1994-built quadplex contains four separate residences, each configured with two bedrooms and one bathroom. The building totals 4,066 square feet, with all four units held under one ownership.
The property occupies approximately 1.52 acres at 7746 Alexander Road in Wilmington, North Carolina. Its four-unit configuration and individual two-bedroom layouts define the residential offering.
The property occupies approximately 1.52 acres at 7746 Alexander Road in Wilmington, North Carolina. Its four-unit configuration and individual two-bedroom layouts define the residential offering.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 4,066‑square‑foot building
- Approximately 1.52 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,599
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,980
$772.0K
Cap Rate 7%
$551,414
$551.4K
Cap Rate 9%
$428,878
$428.9K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$61.0K $15.00/SF
− Vacancy
−$5.8K −$1.44/SF
EGI
$55.1K $13.56/SF
− OpEx
−$16.5K −$4.07/SF
NOI
$38.6K $9.49/SF
Area
New Hanover County, NC
Vacancy
9.59%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,980
Cap Rate 7%
$551,414
Cap Rate 9%
$428,878
Alternative Uses
Best Use
Multifamily LT 5
$551.4K
$482.5K – $643.3K
NOI $38,599 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$506.6K
$443.3K – $591.1K
NOI $35,464 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.02M
$890.3K – $1.19M
NOI $71,227 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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Business Placement
Demographics for 28411, NC
37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences, each with one bathroom, sit on a substantial Wilmington parcel.
Where is this quadplex located?
The property is located at 7746 Alexander Road A-d Wilmington, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 4,066‑square‑foot building; Approximately 1.52 acres
