Envelope Phone-alt
Facebook Instagram
Contact

Wilmington, NC 28401 1220 Queen Street

$1,250,000

1220 Queen Street Wilmington, NC - Image 11220 Queen Street Wilmington, NC - Image 2
Presented By: RE/MAX Essential
  • MLS# 100570339
  • 04/29/2026
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 1
  • SQFT • 882

Home Details

Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
Presented By: RE/MAX Essential

Interior Features for 1220 Queen Street

Bedrooms

Master Bed LevelPrimary Living Area
Total Bedrooms2

Bathrooms

Half Baths0
Total Baths1

Other Interior Features

SmokingYNNo
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Interior AmenitiesSee Remarks61
Living Area Range800 - 999
Total Stories1

Other Rooms

Entry Level1
Room TypeMaster Bedroom, Bedroom 2, Dining Area, Living Room

General for 1220 Queen Street

Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityWilmington
Construction MaterialsWood Frame
CoolingCentral Air
CountyNew Hanover
DirectionsHead towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen
Elementary SchoolForest Hills
Full Baths1
Garage Y/NNo
HOANo
HeatingOther, Electric, Forced Air
High SchoolHoggard
High School DistrictNew Hanover
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionBLK 70 PT EM 1/2 Wilmington
LevelsOne
Living Area882.0
Living Area UnitsSquare Feet
Lot Size Square Feet3311.0
Lot Size UnitsAcres
Middle/Junior High SchoolWilliston
New ConstructionNo
Operating Expense0.0
Parcel NumberR05410-015-027-000
Patio/Porch FeaturesFront Porch
PossessionClose Of Escrow, At Closing
Property Attached Y/NNo
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Standard StatusActive
StatusActive
Structure TypeWood Frame, Stick Built
Subdivision NameDawson-Castle Street
Tax Assessed Value195500
Tax Year2025
Taxes$1,151
Total Rooms4
UtilitiesWater Connected
ViewSee Remarks
Year Built1920
ZoningR-5

Exterior for 1220 Queen Street

Building Area Total882
Crops Included Y/NNo
Exterior FinishSee Remarks
FencingPartial
Foundation DetailsCrawl Space
Frontage TypeSee Remarks
Horse Y/NNo
Lot Dimensions33 x 100
Lot Size Acres0.08
Lot Size Area0.08
Parking FeaturesOn Street
Road Frontage TypeCity Street, State Road
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Williston Middle School
High School Hoggard High School
Elementary School Forest Hills Elementary School

Noah Smith

Realtor®
Price $1,250,000
MLS#100570339
List Date 04/29/2026
Property Type Single Family
Phone 910.800.1059
Request Tour
Request Info
Visit My Website

Similar Properties to 1220 Queen Street

Login & Get Full Access

Thank you for registering.

Are you currently working with one of these agents?

Ask A Question

Get Pre-Approved Now!

Give yourself a better position in the competitive home buying market. Complete the form to get started on your journey to purchase your dream home. Our lending partner has a wide variety of lending options available and advanced mortgage technology. As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.