407 Red Cross Street, Wilmington, NC 28401

Wilmington
Local realty services provided by:Better Homes and Gardens Real Estate Treasure
407 Red Cross Street,Wilmington, NC 28401
$695,000
  • 6 Beds
  • 4 Baths
  • 3,301 sq. ft.
  • Multi-family
  • Active
Listed by: jeffrey g hovis, sky grainger
Office: intracoastal realty corp
MLS#:100563459
Source:NC_CCAR

Price summary

  • Price:$695,000
  • Price per sq. ft.:$210.54

About this home

This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.

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Home facts

  • Year built:1920
  • Listing ID #:100563459
  • Added:45 day(s) ago
  • Updated:May 15, 2026 at 10:15 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Tile, Wood
  • Kitchen Description:Refrigerator
  • Living area:3,301 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:3,301 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Wood Frame, Wood Siding
  • Exterior Features:Porch
  • Foundation Description:Crawl Space
  • Levels:2 Story

Schools

  • High school:New Hanover
  • Middle school:Williston
  • Elementary school:Snipes

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$695,000
  • Price per sq. ft.:$210.54

Features and amenities

  • Appliances:Refrigerator
  • Laundry features:Washer Hookup

Parking

  • Parking description:On Street
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