$1,250,000

$6,521 est/mo Sourced by Back At You

1220 Queen Street,Wilmington, NC 28401

Wilmington, NC 28401

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Description

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.

Details

MLS #	100570339
Listing Type	For Sale
Style	House
Sub-Type	Resale
Status	Active
Year	1920
Days On Site	116
Listing Provided By	RE/MAX Essential \| Benjamin T Eisenberg

Features

Bed(s)	2
Bath(s)	1 Total
SQ Feet	882
Story(s)	1
Zoning	R-5
Acreage	0.08
Property View	None

Interior

Interior Features	See Remarks61
Heating Yes / No	Yes
Cooling Yes / No	Yes
Cooling	Central Air
Fireplace Yes / No	No
Rooms Total	4

Exterior

Roof	Shingle
Foundation Details	Crawl Space
View	None
Construction Materials	Wood Frame

Parking

Attached Garage Yes / No	No
Parking Features	On Street

Utilities

Utilities	Water Connected

Taxes

Tax Assessed Value	195500
Tax Book Number	00
Tax Legal Description	BLK 70 PT EM 1/2 Wilmington
Tax Year	2025

Area Information

State	NC
County	New Hanover
City	Wilmington
Zip Code	28401
Community Name	Dawson Castle Street
School District	New Hanover
Elementary School	Forest Hills
High School	Hoggard
Listing VS Median (in Dawson Castle Street)
Price: $1,250,000 low \| high Med: $362,450 100% of Average sqft: 882 low \| high Med: 1,283 4.53514739229% of Average $ / sqft: $1,417 low \| high Med: $285 100% of Average On site: 116 low \| high Med: 83 100% of Average

Sourced by Back At You

Market Activity 28401

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: Jul 2026	Sales: 4	Avg $ Per SqFt: $304.61	Min Sale Price: $425,000	Max Sale Price: $675,000	Med Sale Price: $590,500
Date: Jun 2026	Sales: 12	Avg $ Per SqFt: $252.14	Min Sale Price: $7,200	Max Sale Price: $677,500	Med Sale Price: $261,750
Date: May 2026	Sales: 19	Avg $ Per SqFt: $273.69	Min Sale Price: $1,800	Max Sale Price: $674,000	Med Sale Price: $352,500
Date: Apr 2026	Sales: 28	Avg $ Per SqFt: $307.86	Min Sale Price: $125,000	Max Sale Price: $2,310,000	Med Sale Price: $374,500
Date: Mar 2026	Sales: 38	Avg $ Per SqFt: $274.37	Min Sale Price: $65,000	Max Sale Price: $1,200,000	Med Sale Price: $392,500
Date: Feb 2026	Sales: 34	Avg $ Per SqFt: $317.16	Min Sale Price: $6,600	Max Sale Price: $1,000,000	Med Sale Price: $352,500
Date: Jan 2026	Sales: 27	Avg $ Per SqFt: $280.23	Min Sale Price: $65,000	Max Sale Price: $1,275,000	Med Sale Price: $365,000
Date: Dec 2025	Sales: 26	Avg $ Per SqFt: $263.2	Min Sale Price: $150,000	Max Sale Price: $1,635,000	Med Sale Price: $383,500
Date: Nov 2025	Sales: 26	Avg $ Per SqFt: $266.14	Min Sale Price: $90,000	Max Sale Price: $1,100,000	Med Sale Price: $285,000
Date: Oct 2025	Sales: 30	Avg $ Per SqFt: $296.77	Min Sale Price: $100,000	Max Sale Price: $2,575,000	Med Sale Price: $322,000
Date: Sep 2025	Sales: 39	Avg $ Per SqFt: $290.91	Min Sale Price: $3,500	Max Sale Price: $745,000	Med Sale Price: $370,000
Date: Aug 2025	Sales: 30	Avg $ Per SqFt: $293.58	Min Sale Price: $75,100	Max Sale Price: $1,575,000	Med Sale Price: $372,500

Sourced by Back At You

Jul 2026
Sales:	4
Avg $ Per SqFt:	$304.61
Min Sale Price:	$425,000
Max Sale Price:	$675,000
Med Sale Price:	$590,500
Jun 2026
Sales:	12
Avg $ Per SqFt:	$252.14
Min Sale Price:	$7,200
Max Sale Price:	$677,500
Med Sale Price:	$261,750
May 2026
Sales:	19
Avg $ Per SqFt:	$273.69
Min Sale Price:	$1,800
Max Sale Price:	$674,000
Med Sale Price:	$352,500
Apr 2026
Sales:	28
Avg $ Per SqFt:	$307.86
Min Sale Price:	$125,000
Max Sale Price:	$2,310,000
Med Sale Price:	$374,500
Mar 2026
Sales:	38
Avg $ Per SqFt:	$274.37
Min Sale Price:	$65,000
Max Sale Price:	$1,200,000
Med Sale Price:	$392,500
Feb 2026
Sales:	34
Avg $ Per SqFt:	$317.16
Min Sale Price:	$6,600
Max Sale Price:	$1,000,000
Med Sale Price:	$352,500
Jan 2026
Sales:	27
Avg $ Per SqFt:	$280.23
Min Sale Price:	$65,000
Max Sale Price:	$1,275,000
Med Sale Price:	$365,000
Dec 2025
Sales:	26
Avg $ Per SqFt:	$263.2
Min Sale Price:	$150,000
Max Sale Price:	$1,635,000
Med Sale Price:	$383,500
Nov 2025
Sales:	26
Avg $ Per SqFt:	$266.14
Min Sale Price:	$90,000
Max Sale Price:	$1,100,000
Med Sale Price:	$285,000
Oct 2025
Sales:	30
Avg $ Per SqFt:	$296.77
Min Sale Price:	$100,000
Max Sale Price:	$2,575,000
Med Sale Price:	$322,000
Sep 2025
Sales:	39
Avg $ Per SqFt:	$290.91
Min Sale Price:	$3,500
Max Sale Price:	$745,000
Med Sale Price:	$370,000
Aug 2025
Sales:	30
Avg $ Per SqFt:	$293.58
Min Sale Price:	$75,100
Max Sale Price:	$1,575,000
Med Sale Price:	$372,500

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Contact

Learn More About This Property

Donna Mack

Coldwell Banker Sea Coast Advantage

MRP, SRS, PSA (919) 548-8789 donnamack@seacoastrealty.com

State	NC
County	New Hanover
City	Wilmington
Zip Code	28401
Community Name	Dawson Castle Street
School District	New Hanover
Elementary School	Forest Hills
High School	Hoggard
Listing VS Median (in Dawson Castle Street)
Price: $1,250,000 low \| high Med: $362,450 100% of Average sqft: 882 low \| high Med: 1,283 4.53514739229% of Average $ / sqft: $1,417 low \| high Med: $285 100% of Average On site: 116 low \| high Med: 83 100% of Average

Sourced by Back At You

Nearby Listings (Within 1/10 mile)

Price: $937K - $1.562M

sqft: 662 - 1,000

Nearby Listings Property Image	Nearby Listings Details
	$275,000 620 S 13th Street Wilmington, NC 28401

Listing Updated: August 18, 2026 at 6:33:32 PM PDT

1220 Queen Street,Wilmington, NC 28401

Wilmington, NC 28401

Description

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

Area Information

Market Activity 28401

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Additional Information

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Donna Mack

Coldwell Banker Sea Coast Advantage

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$275,000

Donna Mack - Coldwell Banker Sea Coast Advantage

1220 Queen Street,Wilmington, NC 28401

Wilmington, NC 28401

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Description

Details

Features

Interior

Exterior

Parking

Utilities

Taxes

Area Information

Market Activity 28401

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Contact

Learn More About This Property

Donna Mack

Coldwell Banker Sea Coast Advantage

Contact

Additional Information

Submit Form

Attachments

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$275,000

Donna Mack - Coldwell Banker Sea Coast Advantage