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1501 Stanley Street #AB

Wilmington, NC 28401

$649,900 $2,740/Mo

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Overview

Bed

Bath

0.12

Acre(Lot)

Description

Rare opportunity! This is 1 of 8 Duplexes in downtown Wilmington next to a new home development in Love Grove for sale. The 8 individual duplex package can be broken up or sold individually or one big package. Each Duplex is listed for 649,900k with the ability to buy individually or all together. You can really see the time and effort the developer/builder/owner put into making and creating this perfect portfolio compound of major cash flow! If buying only 1 duplex you will have 2 units that each side has 4 bedrooms 2 full bathrooms, fenced in backyard on each side and private driveway on each side. If you get all 8 Duplexes which breaks down to be 16, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 24,768 sqft, 64 bedrooms, 32 bathrooms. All 8 duplexes are side by side an d all in a row on the same street. Each duplex is on its own parcel. Every unit has their own driveway and fenced in backyard. There is also a storage unit in the back of every unit. Granite counter tops, stainless steel appliances water proof flooring and so many great features. Floor plans reads 1 bedroom down stairs and 3 upstairs. Floor plans and specs are attached to the mls or can be provided upon request. We have left some vacant and some occupied to help give a variety to all types of buyers/investors. They can be rented easily. Every lease is government backed and guaranteed through Sec8 program. Each tenant had to meet criteria of no previous evictions, no felonies, strong reference from past landlords and wanted to stay at the property for many years after initial lease period. They do not have to be sec8 if not wanted. Currently total rental income a month PER DUPLEX is 5300 a month for one duplex or 43,200 for all 8 duplexes per MONTH. This opportunity gives you the chance to own 1-8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with an even better return. Easy to manage, fully occupied if wanted and like new! Reach out for a private tour or for more information

Property Details

Property Type : Residential Income

Price : $649,900

AD Id : 79685062

MLS Id : 100577978

Beds : 8

Lot Size : 0.12 Acre

Year Built : 2023

County : New Hanover

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4

Room Information

Basement: None
Roofing Information

Shingle
Interior Features

High Ceilings, Kitchen Island, Ceiling Fan(s), Pantry Roof: Shingle Appliances: Electric Oven, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Microwave, Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 2023 Building Area Total: 3096 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Patio, Porch Private Pool: No View: See Remarks

Lot Information

Lot Dimensions: irr Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5009 Lot Description: See Remarks

Property Information

Subdivision: Love Grove Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 3

Listing Price Information

Listing Price: $649900 Cash, Conventional, FHA, VA Loan, 1031 Exchange

Tax Information

Parcel Number: R04806-006-024-000 Tax Block: 0 Tax Year: 2025 Annual Tax: $3137.3

Parking Information

Concrete, Off Street, On Site, Paved

Homeowners Association Information
Has Association: Yes Association Amenities: None

School Information

Elementary School: Snipes

Junior High School: Williston

Senior High School: New Hanover
Utility Information

Sewer Connected
Location Information

Direction: From Hwy 17 N to Wilmington. Take the exit toward Ilm Int'l Airport from US-74 E/Martin Luther King Jr Pkwy. Follow One Tree Hill Way and Love Grove Memorial Bridge to Creekfront Dr WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
1421 -1425 Wellington A.., Wilmington, NC, 28401	$1,065,000	9	4	--
301 S 13th Street, Wilmington, NC, 28401	$300,000	3	2	--
817 S 11th Street, Wilmington, NC, 28401	$299,000	3	3	--
1415 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1411 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1409 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1308 Corbett Street #AB, Wilmington, NC, 28401	$725,000	8	4	--
107 S 10th Street, Wilmington, NC, 28401	$399,900	4	3	--
710-714 Cronely Alley, Wilmington, NC, 28401	$895,000	4	4	--
108 N 8th Street, Wilmington, NC, 28401	$495,000	4	2	--

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ByOwner last updated this listing 06/11/2026 @ 08:13

MLS: 100577978 LISTED BY: The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington SOURCE: Hive MLS (North Carolina Regional)