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Street View
$1,250,000
Monthly Est:$6,222
2 Beds
1 Bath1 full bath
882sqft
1220 Queen St, Wilmington, NC 28401
$1,250,000
$6,222/moEst:
Get Pre-Approved
Single Family Residence
Built in 1920
$-- HOA
0.08 acre lot
$1,417/sq.ft
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: September 15, 2026 at 5:01 pm
- Listing Provided by: Benjamin T Eisenberg (910) 619-1533 DRE #271510 | RE/MAX Essential (910) 777-2700
- Source: Hive MLS-NC | MLS#: 100570339
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
882 sqft
Lot Size
0.08 acre lot
Basement Area
- sqft
MLS Name
Hive MLS
MLS Number
100570339
MLS Status
Active
Days on Market
142
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathroom: 1
Bedroom 2
Level: First
Area: Square Feet
Dimensions: 135.45
Kitchen
Level: First
Area: Square Feet
Dimensions: 110.55
Master Bedroom
Level: First
Area: Square Feet
Dimensions: 148.35
Interior
Heating
Other, Electric, Forced Air
Interior Features
See Remarks
Flooring
Laminate, Wood
Cooling
Central Air
Construction
Year Built
Year Built: 1920
Home type
Single Family Residence
Foundation Details
Crawl Space
Construction Materials
Wood Frame
Roof
Shingle
Utilities & Energy
Utilities
Water Connected
Water Source
Public
Parking Features
On Street
Other Features
Patio And Porch Features
Front Porch
Subdivision Name
Dawson Castle Street
Price History
| Date | Event | Price |
|---|---|---|
04/29/2026 Source: | Listed for Sale | $1,250,000 +420.94% $1,417/sqft |
11/18/2024 Source: #100445602 | Price Decreased | $239,950 -3.98% $272/sqft |
04/17/2024 Source: #100420359 | Price Decreased | $249,900 -16.70% $283/sqft |
12/08/2023 Source: #100396463 | Price Increased | $300,000 +213.48% $340/sqft |
08/11/2011 Source: #30452940 | Price Decreased | $95,700 -12.20% $109/sqft |
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Based on information from the Hive MLS, through Sep 19, 2026, 06:15PM. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of Sep 19, 2026, 06:15PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Chosen Realty LLC nor Houzeo shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 Hive MLS. All Rights Reserved.
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