993 Downey Branch Lane Wilmington, NC $ 279,500
993 Downey Branch Lane
$ 279,500
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993 Downey Branch Lane

Wilmington, NC, 28403
$ 279,500
Bedrooms3 Baths3.0 Sq 1,274

Monthly Estimate*

$ 1,930

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Townhouse for sale in Wilmington, NC

for $279,500 with 3 bedrooms and 3 full baths. This 1,274 square foot townhouse was built in 2005 on a lot size of 0.02.

Income-producing investment opportunity -- freshly renovated 3-bedroom, 3-full-bath townhouse in the heart of midtown Wilmington, now leased through September 2027. With a private en suite bath for every bedroom, a genuine rarity at this price, this two-story, 1,274-square-foot home lives like a true residence, not a flat apartment box. Tucked minutes from UNCW, a short drive to Wrightsville Beach, and within easy reach of historic downtown Wilmington, and located in one of the area's most sought-after school districts. Just refreshed throughout: new paint, all-new hardware, new kitchen appliances and countertops, and updated LVP flooring. That en suite-for-every-bedroom layout delivers rare flexibility and strong rental appeal, and with a long-term tenant already in place, this one cash-flows from day one -- no lease-up risk, no vacancy gap. Ideal for an investor looking for turnkey income, or a buyer planning ahead for a future move-in once the lease ends. Enjoy assigned parking directly in front of the unit, plus an HOA that handles all exterior maintenance, including the roof, for genuinely low-maintenance ownership. The HVAC is approximately six years old. A rare combination of location, layout, and immediate income. Schedule your showing today.

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Townhouse Active

Price

$ 279,500

Bedrooms

3

Full Bath

3

Property Type

Townhouse

Taxes

$ 1,602

Style

Townhouse

Lot Size

0.02

Year Built

2005

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100584660

Features
General
Living Area 1274.0
Heating Heat Pump Electric Forced Air
Cooling Central Air Heat Pump
Utilities Sewer Available Water Available
Possession Close Of Escrow At Closing
Roof Shingle
Zoning MD-17
HOA Fee 3000.0
Patio/Porch Features Patio
Construction Materials Brick Veneer Wood Frame
Year Built 2005
View None
Levels Two
Property Subtype Townhouse
Tax Year 2025
Taxes 1602.49
Parcel Number R05514-001-084-000
Assoc Fee Paid Per Annually
County New Hanover
Operating Expense 0.0
New Construction N
Property Type Residential
In City Limits? (Y/N) Y
Association Amenities Maintenance Common Areas Management Master Insure
HOA Y
Attached Garage N
Subdivision Name Wilshire Townhouses
Garage Y/N N
Total Rooms 6
Full Baths 3
Status Active
Directions From UNCW on the left off Wilshire into Wilshire Townhomes then veer right the unit is near the end on the left.
High School Hoggard
City Wilmington
Association Name Wilshire Townhomes Owners Association
High School District New Hanover
Lot Size Units Acres
Lot Size Square Feet 871.0
Carport Spaces 0.0
Carport Y/N N
Elementary School Winter Park
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 Townhouse Wood Frame Stick Built
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 272300
Tax Lot 7G
Legal Description LOT 7G PH 2 WILSHIRE TOWNHOMES
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Interior
Interior Amenities None
Basement None
Flooring LVT/LVP Tile
Master Bed Level Primary Living Area
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Total Bedrooms 3
Entry Level 1
Room Type Dining Room Living Room Dining Area Master Bedroom Bedroom 1 Bedroom 2
Unit Type 3 Bedroom
Total Baths 3
Living Area Range 1200 - 1399
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Exterior
Exterior Amenities None
Exterior Finish Brick Veneer
Fencing None
Parking Features Off Street On Site Paved
Water Source Public
Total Parking 0.0
Lot Size Area 0.02
Foundation Details Slab
Spa N
Building Area Total 1274.0
Lot Dimensions irreq
Lot Size Acres 0.02
Road Surface Type Paved
Other Parking Asphlt
Frontage Type See Remarks
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 993
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* Excluded Features
List By
Christian A Cardamone

Listing Agent

Aloha Wilmington Real Estate

Broker

Christian@alohawilmington.com

Email

Affordability Calculator

$2,064
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,930
Monthly Property Taxes
$134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4735940 Elementary School
4736089 Middle School
Hoggard High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$279,500 -1.90% Price Down
6/26/2026$284,900 Listed Price

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993 Downey Branch Lane, Wilmington, NC, 28403 is a Townhouse for sale at $279,500 with 1,274 sqft and a lot size of 0.02. 993 Downey Branch Lane has 3 bedrooms, 3.0 baths, and was built in 2005. The property's zip code is 28403 which is in Wilmington, NC