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Multi-Family

407 Red Cross Street, Wilmington

$695,000.00

Bedroom 6 bedrooms

  • MLS #: 100563459
  • Address: 407 Red Cross Street, Wilmington, NC 28401
  • Date Listed: 3/30/2026
  • Days on Market: 0
  • Heated SQFT: 5227
  • Lot Description: 0.12 acres
  • Stipulations: Standard
  • Subdivision: Historic District
  • Listing Office: Intracoastal Realty Corp
  • Agent Name: Jeffrey G Hovis

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Electric Oven
  • Refrigerator

Interior Features Interior Features
  • Cool System: Central Air
  • Heat System: Electric, Forced Air
  • Floors: LVT/LVP, Tile, Wood
  • Interior: None

Exterior Features Exterior Features
  • Parking: On Street
  • Roof: Shingle
  • Exterior: Wood Siding

Additional Features Additional Features
  • County: New Hanover
  • Property Type: Quadruplex
  • Tax Number: R04813-028-018-000
  • Waterfront Features: None
  • Water/Sewer: Municipal Sewer, Cape Fear Public Utility Authority
  • Year Built: 1920

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