Wilmington, NC 28401 1220 Queen Street
$1,250,000
Presented By: Benjamin T Eisenberg with RE/MAX Essential.
Beds • 2
Baths • 1
SQFT • 882
Home Details
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.
Presented By: Benjamin T Eisenberg with RE/MAX Essential.
Interior Features for 1220 Queen Street
Bedrooms
Master Bed LevelPrimary Living Area
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
SmokingYNNo
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Interior AmenitiesSee Remarks61
Living Area Range800 - 999
Total Stories1
Other Rooms
Entry Level1
Room TypeMaster Bedroom, Bedroom 2, Dining Area, Living Room
General for 1220 Queen Street
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityWilmington
Construction MaterialsWood Frame
CoolingCentral Air
CountyNew Hanover
DirectionsHead towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen
Elementary SchoolForest Hills
Full Baths1
Garage Y/NNo
HOANo
HeatingOther, Electric, Forced Air
High SchoolHoggard
High School DistrictNew Hanover
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
IslandOrMainlandMainland
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionBLK 70 PT EM 1/2 Wilmington
LevelsOne
Living Area882.0
Living Area UnitsSquare Feet
Lot Size Square Feet3311.0
Lot Size UnitsAcres
Middle/Junior High SchoolWilliston
New ConstructionNo
Operating Expense0.0
Parcel NumberR05410-015-027-000
Patio/Porch FeaturesFront Porch
PossessionClose Of Escrow, At Closing
Property Attached Y/NNo
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Standard StatusActive
StatusActive
Structure TypeWood Frame, Stick Built
Subdivision NameDawson-Castle Street
Tax Assessed Value195500
Tax Year2025
Taxes$1,151
Total Rooms4
UtilitiesWater Connected
ViewSee Remarks
Year Built1920
ZoningR-5
Exterior for 1220 Queen Street
Building Area Total882.0
Crops Included Y/NNo
Exterior FinishSee Remarks
FencingPartial
Foundation DetailsCrawl Space
Frontage TypeSee Remarks
Horse Y/NNo
Lot Dimensions33 x 100
Lot Size Acres0.08
Lot Size Area0.08
Parking FeaturesOn Street
Road Frontage TypeCity Street, State Road
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Forest Hills Elementary School
Middle School
Williston Middle School
High School
Hoggard High School
Kimberley Wilson
Realtor® | Broker