Ad #7795473
MLS #100563459
This four-unit income-producing property is ideally located in
407 Red Cross St, Wilmington, North Carolina, 28401
$695,000
6Beds
4Baths
3,301Sqft
0.120Acres
About this property
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.
Property Features
6 Beds
4 Baths
3,301 Sqft
Built in 1920
0.120 Acres
2 Stories
On Street
Siding: Wood Siding, Wood Frame
Shingle Roof
Forced Air, Electric (Heating)
$1,298 / yr property tax
New Hanover County
Historic District Community
Additional Photos
Contact Information
Jeffrey G Hovis
Intracoastal Realty Corp
910-512-2205
Location
Listing Agent: Jeffrey G Hovis (License #: 234605) 910-512-2205
Broker: Intracoastal Realty Corp 800-533-1840 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Intracoastal Realty Corp 800-533-1840 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$695,000
6
Beds
4
Baths
3,301
Sqft
407 Red Cross St, Wilmington, North Carolina, 28401
By contacting this agent you agree to these Terms and Conditions.
MLS# 100563459
This four-unit income-producing property is ideally located in
$695,000
407 Red Cross St, Wilmington, North Carolina, 28401
6
Beds
4
Baths
3,301
Sqft
0.120
Acres
$695,000
407 Red Cross St, Wilmington, North Carolina, 28401
6 Beds
4 Baths
3,301 Sqft
0.120 Acres
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.
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Property Details
HOME DETAILS
6 Beds
4 Baths
3,301 Sqft
Built in 1920
0.120 Acres
2 Stories
EXTERIOR
On Street
Siding: Wood Siding, Wood Frame
Shingle Roof
INTERIOR
Forced Air, Electric (Heating)
FINANCIAL & COMMUNITY
$1,298 / yr property tax
New Hanover County
Historic District Community
See More Details
Location
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Ad Statistics
Ad Number
7795473
Viewed
23 times
Listing Status
Active
Added
Jul 01, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Hive MLS
Source Property ID
100563459
Listing Agent: Jeffrey G Hovis (License #: 234605) 910-512-2205
Broker: Intracoastal Realty Corp 800-533-1840 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Intracoastal Realty Corp 800-533-1840 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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