1220 Queen Street - 2
1220 Queen Street - 3
1220 Queen Street - 4

1220 Queen Street

Wilmington, NC 28401

$1,250,000

$1,417 per Sq.Ft.

  • Active
  • 2 beds
  • 1 baths
  • 882 Sq. Ft.
  • Residential
  • Built in 1920
  • MLS #100570339
2 beds
1 baths
882 Sq. Ft.
Residential
Built in 1920
MLS #100570339
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.


Interior Features

Total bedrooms
2 bedrooms
Full bathrooms
1 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Interior features
Flooring
Laminate, wood
Cooling
Central air
Heating
Other, electric, forced air


Exterior Features

Lot size
0.08 acres
Water front
No
Fencing
Partial
Roof
Shingle


HOA Information

HOA
No


Utilities

Utilities
Water connected


Schools

Elementary school
Forest Hills
Middle school
Williston
High school
Hoggard


Other Information

Tax assessed value
$195,500.00
Tax amount
$1,150.53
Tax year
2025
Zoning
R-5


Listing provided courtesy of: RE/MAX Essential. 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.

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Wilmington Real Estate
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