About 1220 Queen Street
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.
Features of 1220 Queen Street
| MLS® # | 100570339 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 882 |
| Acres | 0.08 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1220 Queen Street |
|---|---|
| Subdivision | Dawson-Castle Street |
| City | Wilmington |
| County | New Hanover |
| State | NC |
| Zip Code | 28401 |
Amenities
| Utilities | Water Connected |
|---|---|
| Parking | On Street |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | See Remarks61 |
|---|---|
| Heating | Other, Electric, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Wood Frame |
| Foundation | Crawl Space |
School Information
| District | New Hanover |
|---|---|
| Elementary | Forest Hills |
| Middle | Williston |
| High | Hoggard |
Additional Information
| Date Listed | April 29th, 2026 |
|---|---|
| Days on Market | 113 |
| Zoning | R-5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Essential |
|---|