Wilmington, NC Multifamily Properties for Sale

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Updated: Nov 29, 2025

Mixed-Use Multifamily with Retail

719 Princess Street, Wilmington, NC 28401

$1,299,000

4,848 sqft 0.08 AC lot

8‑unit mixed‑use property built in 1900 with extensive renovations completed 2021–2022
Unit mix includes 1 retail space, 4 one‑bedroom units, 2 studio units, and 1 two‑bedroom unit
Approx. annual rental income of $124,000 with a strong rental history
Updates include full interior improvements with each residential unit uniquely finished (2021–2022)
UMX zoning district; located near Wilmington’s Historic District, Downtown, and the Soda Pop District

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719 Princess Street, Wilmington, NC 28401

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Est. Cap Rate

3.7%
NOI ÷ price
Est. NOI

$48K
Annual
Mortgage

$658K
Dec 2020
Last Sold

Dec 2020
$822K
Property Type

Quadplex
Built 1900

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Updated: Jun 30

Four-Unit Duplex Condominium Property

2852 Worth Drive, Wilmington, NC 28412

$1,435,000

6,004 sqft 0.33 AC lot

Built in 2022: two duplex‑style buildings totaling 4 condominium units with renters currently in place
Each 2‑story unit offers 1,501 SF of living space and includes a 473 SF two‑car garage
All units feature 3 bedrooms, including a primary suite with vaulted ceilings
Second floor includes a full‑size laundry area, with blinds/shades and LVT/LVP flooring throughout
Open‑concept main level with modern kitchen features, including wood cabinetry and granite countertops

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Duplex Portfolio with Six Units

4515 Greenway Avenue, Wilmington, NC 28403

$2,490,000

9,792 sqft 0.84 AC lot

Three duplexes totaling six units offer tenant-paid utilities and modern layouts across 4-bedroom, 3-bath homes.

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Residential Income Duplex with ADU

1107 Pine Grove Drive, Wilmington, NC 28409

$539,999

2,262 sqft 0.57 AC lot

Includes a 3-bedroom home plus a 1-bedroom accessory dwelling unit and detached wooden workshop.

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Purpose-Built Student Housing Community

615 South Kerr Avenue, Wilmington, NC 28403

$11,842,500

34,368 sqft

48-unit student housing near UNCW with 3-bedroom, 3-bath layouts and surface parking.

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Renovated Duplex with Three Bedrooms

403 Dock Street, Wilmington, NC 28401

$1,175,000

3,000 sqft 0.06 AC lot

Renovated duplex features three-bedroom units, decorative fireplaces, and two tiled walk-in showers per unit.

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Duplex Portfolio with Private Yards

1501 Stanley Street, Wilmington, NC 28401

$649,900

3,096 sqft 0.12 AC lot

Eight side-by-side duplexes with private driveways, fenced yards, and storage units, with government-backed lease options available.

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Side-by-Side Duplex Portfolio

1411 Corbett Street, Wilmington, NC 28401

$649,900

3,096 sqft 0.12 AC lot

Eight side-by-side duplexes with fenced backyards, private driveways, and individual storage units for each residence.

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Townhome Near Wrightsville Beach

6328 Wrightsville Avenue Apt A2, Wilmington, NC 28403

$379,000

1,558 sqft 0.02 AC lot

Charming townhome near Wrightsville Beach, UNCW, and Mayfaire.

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Side-by-Side Duplex Portfolio

1409 Corbett Street, Wilmington, NC 28401

$649,900

3,096 sqft 0.12 AC lot

A package of eight side-by-side duplexes with fenced yards, private driveways, and storage on-site.

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Duplex Portfolio With Private Yards

1415 Corbett Street, Wilmington, NC 28401

$649,900

3,096 sqft 0.12 AC lot

Side-by-side duplexes offer fenced backyards, private driveways, and government-backed rental income options.

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Historic Wilmington Efficiency Condo

118 Dock Street Apt 3, Wilmington, NC 28401

$235,000

370 sqft 0.01 AC lot

Charming condo in historic district, close to River Walk.

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Corner Lot Quadplex Investment

1421 -1425 Wellington Avenue, Wilmington, NC 28401

$1,065,000

3,542 sqft 0.30 AC lot

Turnkey four-unit property with off-street parking and garages on adjacent lots, fully income-producing.

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Duplex With Private Back Decks

608 Orange Street, Wilmington, NC 28401

$599,000

2,379 sqft 0.14 AC lot

Two two-bedroom units with private back decks, updated kitchens and baths, and easy access to Wilmington’s historic downtown.

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Wilmington Multifamily Investment Opportunity

942 Bonham, Wilmington, NC 28403

$2,450,000

Eleven townhome units in Wilmington, 100% occupied and professionally managed.

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Historic Downtown Wilmington Triplex Investment

308 Church Street, Wilmington, NC 28401

$1,075,000

3,125 sqft 0.07 AC lot

Three-unit property in historic downtown Wilmington with income potential.

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Residential Income Property

509 Walnut St, Wilmington, NC 28401

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Residential income property offered for sale at 509 Walnut St in Wilmington, NC.

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Turnkey Triplex in Historic District

317 S 3rd Street, Wilmington, NC 28401

$1,019,999

3,000 sqft 0.10 AC lot

Updated triplex with three residential units, off-street parking, and a two-car garage.

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Wilmington Multifamily Investment Portfolio

305 Saint Rosea, Wilmington, NC 28405

$1,400,000

Six-unit portfolio near downtown Wilmington, UNCW, and Wrightsville Beach.

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Wilmington Four-Unit Income Property

407 Red Cross Street, Wilmington, NC 28401

$695,000

3,301 sqft 0.12 AC lot

Income-producing four-unit property in Wilmington's Historic Mixed-Use District.

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12-Unit Residential Townhome Portfolio

4302 Reed, Wilmington, NC 28405

$2,765,000

Twelve fully leased condo/townhome units with a mix of 3- and 2-bedroom layouts for residential income buyers.

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Two-Unit Duplex with Off-Street Parking

623 S 6th Street, Wilmington, NC 28401

$399,000

2,193 sqft 0.05 AC lot

Two separate units each with electric meters, offering a live-in or rental setup with off-street parking.

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Apartment Building for Sale

619 S Kerr Ave, Wilmington, NC 28403

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For-sale apartment building on S Kerr Ave, providing residential income housing.

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Wilmington Multifamily Investment Opportunity

Lullwater Drive, Wilmington, NC 28403

$9,950,000

41,315 sqft 46.29 AC lot

Rental portfolio with 54 units near downtown Wilmington.

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Wilmington, NC Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Wilmington, NC, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 189,750 square feet of properties for sale, with an estimated market value of $50,353,698.

Sale prices for multifamily properties in Wilmington, NC start at $235,000, averaging $1,480,991, and reaching up to $11,842,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 212K

Population Growth (5Y) +1.5%

Median Household Income $74,239

College Educated 30.2%

High-Yield Neighborhoods for Investment

Identify Wilmington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
28412	$847.5K
28401	$864.9K
28405	$1.6M
28403	$4.6M

Taxes & Financing

Tax Rate (average for all types) 0.75%

Property Tax per SF $8.51 per SF

Tax Rate vs County Average 0.07 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in New Hanover County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Wilmington fall within the 25,000 to 50,000 square foot range.

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