407 Red Cross Street
Wilmington, NC 28401
6
Bed
4
Bath
0.12Acre(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4Room Information
Basement: None, Crawl Space -
Flooring Information
Tile, Wood -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Electric Oven, Refrigerator, Electric Water Heater Laundry Features: Washer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1920 Building Area Total: 3301 Construction Materials: Wood Siding, Frame Patio And Porch Features: Porch, Rear Porch Private Pool: No View: See Remarks -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 54 x 95 x 48 x 99 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227Property Information
Subdivision: Historic District Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 106
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Listing Price Information
Listing Price: $695000 Cash, Conventional
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Tax Information
Parcel Number: R04813-028-018-000 Tax Block: 0 Tax Year: 2025 Annual Tax: $1297.65
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Parking Information
On StreetHomeowners Association InformationAssociation Amenities: None
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School Information
Elementary School: SnipesJunior High School: WillistonSenior High School: New Hanover -
Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Go north on N 3rd Street, turn right on to Red Cross. Once you cross over N 4th Street the property is on the left. Park on the street. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 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 | -- | |
| 1501 Stanley Street #AB, Wilmington, NC, 28401 | $649,900 | 8 | 4 | -- | |
| 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 | $374,900 | 4 | 3 | -- | |
| 710-714 Cronely Alley, Wilmington, NC, 28401 | $895,000 | 4 | 4 | -- |
Similar Multifamily To 407 Red Cross Street
Nearby For Sale
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ByOwner last updated this listing 06/19/2026 @ 17:36
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