Four-Unit Residential Income
7746 Alexander Road, Wilmington, NC 28411
For Sale
$799,000
Residential Income, Wilmington, NC
Property Size4,066 SF
Lot Size1.52 Acres
Price / SF$196.51
Days on Market51
Property Features for 7746 Alexander Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Bloodworth Realty & Co.
Listed By:
Stacy L Bloodworth · License NC #279096
(910) 859-4100
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 9:06AM
MLS# 100605907
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,066 square feet across four separate apartments, each with two bedrooms and one bathroom. Built in 1994, the building has brick and wood-frame construction, wood and tile flooring, and a porch. Units are equipped with electric ovens, refrigerators, and dishwashers; heating and cooling are provided by heat pumps, with electric heat also listed.
The property occupies 1.52 acres in Wilmington, North Carolina, and is zoned R-15. Public water and a septic system serve the site.
The property occupies 1.52 acres in Wilmington, North Carolina, and is zoned R-15. Public water and a septic system serve the site.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 4,066 square feet of building area on 1.52 acres
- R‑15 zoning in Wilmington, North Carolina
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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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 apartments occupy a site with more land area than is typical for a small multifamily property.
Where is this quadplex located?
The property is located at 7746 Alexander Road 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 apartments, each with 2 bedrooms and 1 bathroom; 4,066 square feet of building area on 1.52 acres; R‑15 zoning in Wilmington, North Carolina
