Address Withheld By Seller, Wilmington, NC 28403
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyle Property Partners
Address Withheld By Seller,Wilmington, NC 28403
$689,990
- 6 Beds
- 6 Baths
- 2,782 sq. ft.
- Multi-family
- Active
Listed by: gillespie group, sara e darby
Office: carolina one properties inc.
MLS#:100546999
Source:NC_CCAR
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Price summary
- Price:$689,990
- Price per sq. ft.:$248.02
About this home
Welcome to 305 Macmillian Avenue, a fully renovated two-unit investment property ideally positioned in one of Wilmington's most consistent and high-demand rental corridors. Located within a two-mile radius of the University of North Carolina Wilmington, 10 minutes to Wrightsville Beach and Mayfaire, and less than 15 minutes to downtown Wilmington, this property offers a rare combination of strong in-place income, modern updates, and long-term rental appeal.
The property is currently leased through August 2026 with a total gross monthly income of $4,800, providing immediate and reliable cash flow. One unit is renewing for an additional year at an increased rental rate, while the second unit is actively listed for rent, allowing flexibility for continued income growth. The home is professionally managed by a reputable local property management company, making this an ideal opportunity for an investor seeking a truly turnkey and hands-off asset.
Each unit features three bedrooms and three full bathrooms, offering spacious and functional layouts that are highly desirable for both student and non-student renters alike. The property has been well maintained, allowing a new owner to step into a stabilized investment without the need for immediate improvements. The unit layouts provide consistency, ease of management, and strong long-term leasing performance.
On the outside, the property offers ample gravel parking, a key feature in this area, along with additional green space at the rear of the lot that enhances functionality and outdoor appeal.
With strong existing income, professional management in place, recent renovations, and a prime location, 305 Macmillian Avenue represents a compelling opportunity for investors seeking dependable cash flow, rental demand stability, and long-term appreciation in one of Wilmington's most proven rental markets.
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Home facts
- Year built:1917
- Listing ID #:100546999
- Added:9 day(s) ago
- Updated:January 10, 2026 at 11:21 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:6
- Living area:2,782 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump, Heating
Structure and exterior
- Roof:Shingle
- Year built:1917
- Building area:2,782 sq. ft.
- Lot area:0.41 Acres
Schools
- High school:Hoggard
- Middle school:Williston
- Elementary school:College Park
Finances and disclosures
- Price:$689,990
- Price per sq. ft.:$248.02
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