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407 Red Cross Street

Wilmington, NC 28401
  • $695,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 100563459
UPDATED: 59 min ago
$695,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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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[Hive MLS] logoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC, and is updated as of 2026-04-15T17:38:41.82. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Carolina Coastal Group shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS LLC
www.carolinacoastalgroup.com/homes/174566771
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407 Red Cross Street Wilmington, NC 28401

  • Price: $695,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 59 min ago
  • MLS #: 100563459
6
Beds
0
Baths
0
½ Baths
0.12
Acres
1920
Built
Neighborhood:
Historic District
County:
New Hanover
Area:
Wilmington
Elementary School:
Snipes
Middle School:
Williston
High School:
New Hanover
Property Description
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.
Exterior Features

Attached Garage YN No Carport Spaces 0 Construction Materials Wood SidingWood Frame Exterior Features None Exterior Finish Wood Siding Fencing PartialWood Foundation Details Crawl Space Parking Features On Street Parking Total 0 Patio And Porch Features PorchRear Porch Roof Shingle Structure Type Wood Frame View See Remarks

Interior Features

Accessibility Features None Appliances Electric OvenRefrigerator Attic Features No Access Basement None Building Area Total 3301 Cooling Central Air Cooling YN Yes Flooring LVT/LVPTileWood Furnished Unfurnished Green Building Verification Type None Heating ElectricForced Air Heating System Fuel Source Electric Heating YN Yes Interior Features None Laundry Features Dryer HookupWasher Hookup Laundry Location Hookup - DryerHookup - Washer Levels Two Water Heater Electric

Property Features

Association Amenities None Association YN No Cobra Zone YN No Electric Provider Duke Progress Energy Federal Flood Insurance Available YN Yes Financials Available YN Yes Frontage Type See Remarks In City Limits YN Yes Island Or Mainland Mainland Listing Terms CashConventional1031 Exchange2 New Construction YN No Number Of Units In Community 4 Property Sub Type Quadruplex Road Frontage Type City StreetState RoadPaved Road Surface Type Paved Sewer Provider Municipal SewerCape Fear Public Utility Authority Special Listing Conditions Standard Tax Amount 1297.65 Tax Year 2025 Total City Real Estate Property Tax 1297.55 Trash Provider City Of Wilmington Utilities Electricity ConnectedSewer ConnectedWater Connected Water Provider Cape Fear Public Utility Authority Water Source Public Waterfront Features None Waterfront YN No Zoning HD-MU

Listing information © 2026 Hive MLS
Listing courtesy of Jeffrey Hovis of Intracoastal Realty Corp: 910-256-4503.


[Hive MLS] logoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC, and is updated as of 2026-04-15T17:38:41.82. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Carolina Coastal Group shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS LLC
 
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Carolina Coastal Group
514 N Howe St
Southport NC, 28461