1220 Queen Street, Wilmington, NC 28401

Wilmington
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1220 Queen Street,Wilmington, NC 28401
$1,250,000
  • 2 Beds
  • 1 Baths
  • 882 sq. ft.
  • Single family
  • Active
Listed by: benjamin t eisenberg
Office: re/max essential
MLS#:100570339
Source:NC_CCAR

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$1,417.23

About this home

Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.

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Home facts

  • Year built:1920
  • Listing ID #:100570339
  • Added:48 day(s) ago
  • Updated:June 17, 2026 at 10:16 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:4
  • Flooring:Laminate, Wood
  • Living area:882 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric, Forced Air, Heating
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:882 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Wood Frame
  • Foundation Description:Crawl Space
  • Levels:1 Story

Schools

  • High school:Hoggard
  • Middle school:Williston
  • Elementary school:Forest Hills

Utilities

  • Water:Water Connected

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$1,417.23

Parking

  • Parking description:On Street
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