407 Red Cross Street Wilmington, NC $ 695,000
407 Red Cross Street
$ 695,000
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407 Red Cross Street

Wilmington, NC, 28401
$ 695,000
Bedrooms6 Baths4.0 Sq 3,301

Monthly Estimate*

$ 4,279

407 Red Cross Street, Wilmington, NC 28401 - Image 1
407 Red Cross Street, Wilmington, NC 28401 - Image 2
407 Red Cross Street, Wilmington, NC 28401 - Image 3
407 Red Cross Street, Wilmington, NC 28401 - Image 4
407 Red Cross Street, Wilmington, NC 28401 - Image 5
407 Red Cross Street, Wilmington, NC 28401 - Image 6
407 Red Cross Street, Wilmington, NC 28401 - Image 7

Multi-Family Home for sale in Wilmington, NC

for $695,000 with 6 bedrooms and 4 full baths. This 3,301 square foot home was built in 1920 on a lot size of 0.12.

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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Multi-Family Active

Price

$ 695,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 1,297

Style

Quadruplex

Lot Size

0.12

Year Built

1920

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100563459

Features
Interior
Interior Amenities None
Basement None
Flooring LVT/LVP Tile Wood
Furnished Y/N Unfurnished
Water Heater Electric
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Dryer Hookup Washer Hookup
Total Bedrooms 6
Attic Features No Access
Total Baths 4
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General
Heating Electric Forced Air
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Shingle
Appliances Electric Oven Refrigerator
Zoning HD-MU
Patio/Porch Features Porch Rear Porch
Construction Materials Wood Siding Wood Frame
Year Built 1920
View See Remarks
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Taxes 1297.65
Parcel Number R04813-028-018-000
Gross Income 50995.0
Waterfront Features None
Accessibility None
County New Hanover
Operating Expense 10935.0
New Construction N
Property Type Residential Income
In City Limits? (Y/N) Y
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Historic District
Garage Y/N N
Status Active
Directions 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.
High School New Hanover
City Wilmington
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 5227.0
Carport Spaces 0.0
Carport Y/N N
Green Building Verification Type None
Elementary School Snipes
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Williston
Lease Considered Y/N N
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 220500
Legal Description Pt Lots 4/5 Blk 235 Wilmington
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Exterior
Exterior Amenities None
Exterior Finish Wood Siding
Fencing Partial Wood
Parking Features On Street
Water Source Public
Total Parking 0.0
Lot Size Area 0.12
Foundation Details Crawl Space
Spa N
Building Area Total 3301
Lot Dimensions 54 x 95 x 48 x 99
Lot Size Acres 0.12
Road Surface Type Paved
Frontage Type See Remarks
Waterfront Y/N N
Road Frontage Type City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Email

Affordability Calculator

$4,387
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,279
Monthly Property Taxes
$108
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4736780 Elementary School
4736089 Middle School
New Hanover High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$695,000 Listed Price

Map


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407 Red Cross Street, Wilmington, NC, 28401 is a Multi-Family Home for sale at $695,000 with 3,301 sqft and a lot size of 0.12. 407 Red Cross Street has 6 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 28401 which is in Wilmington, NC