4946 Wrightsville Avenue

Wilmington, NC 28403

$3,495,000

$2,017 per Sq.Ft.

Active
4 beds
3 baths
1733 Sq. Ft.
Residential
Built in 1998
MLS #100560546

4 beds

3 baths

1733 Sq. Ft.

Residential

Built in 1998

MLS #100560546

A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this. Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. All six are homes are fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place. Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request. The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity. For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.

Interior Features

Total bedrooms

4 bedrooms

Full bathrooms

3 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Interior features

Flooring

Cooling

Central air

Heating

Electric, heat pump

Exterior Features

Lot size

0.22 acres

Water front

Fencing

None

Exterior features

Vinyl siding

Roof

Shingle

HOA Information

HOA

Utilities

Sewer connected, water connected

Schools

Elementary school

Winter Park

Middle school

Roland Grise

High school

Hoggard

Other Information

Tax assessed value

$345,400.00

Tax amount

$2,032.68

Tax year

2025

Zoning

R-15

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Listing provided courtesy of: Carolina One Properties Inc.. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

Market trends

There were 374 new listings in Wilmington last month. The average time on market was 67 days and the average price of new new listings was $685,064. Over the last three months, the average sale price to list price ratio was 95.07%.

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4946 Wrightsville Avenue