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$1,450,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 3 Total Beds
  • Updated 1 day ago
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Welcome to 1202 The Lofts, a beautifully reimagined 1931 mixed-use building in downtown Wilmington's emerging Soda Pop District. This full-scale renovation blends historic character with modern luxury, preserving original exposed brick, 12-foot ceilings, and oversized doors while introducing energy-efficient systems and high-end finishes, including spa-style porcelain-tile showers and premium fixtures. The property features two boutique one-bedroom apartments, two commercial office suites, and a separate studio apartment, offering a unique combination of residential and professional spaces. The street-facing office provides a large glass entrance and strong visibility, while the rear suite offers a quieter setting. The studio adds flexibility for short-term rental use. A distinctive opportunity for professionals, small businesses, or investors seeking historic charm, modern finishes, and a prime downtown location in one of Wilmington's most exciting revitalizing districts.

Full Property Details for 1202 Chestnut St

General

  • Price: $1,450,000
  • Taxes: $2,417 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 2253
  • MLS ID: 100601133
  • Updated: 9/3/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: High Ceilings, Wash/Dry Connect, Walk-in Shower
  • Appliances: Electric Oven, Built-In Microwave, Refrigerator, Dishwasher
  • Flooring: LVT/LVP, Concrete

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Laundry Closet

Exterior

  • Porch/Patio/Deck: None

Parking

  • Parking Features: On Street

Location

  • County: New Hanover
  • Subdivision: Castle Dock
  • Driving Directions: Market St West towards town. Right on 12th Street to corner of 12th and Chestnut St. Property at corner.

School Information

  • Elementary School: Snipes
  • Middle School: Williston
  • High School: New Hanover

Community

  • Units Assoc/Comm: 4

Heating & Cooling

  • Cooling Type: Multi Units
  • Heating Type: Electric, Zoned

Utilities

  • Sewer: Municipal Sewer, City/Town
  • Water: Public
  • Utility Description: Sewer Connected, Water Connected

Structural Information

  • Structure Type: Party Wall
  • Construction: Brick, Fiber Cement
  • Basement Desc.: None
  • Roof: Shake, Shingle
  • Common Walls: Party Wall
  • Square Feet: 3,215
  • Year Built: 1931

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,742
  • Lot Dimensions: 30 x 64 x 31 x 62
  • Frontage: Paved, Paved
  • Zoning: UMX
  • Fencing (Description): None

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $451.01
  • Assessment Amount: $410,800
  • Tax Amount: $2,417.56
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: W END 1 BLK 189
  • Property ID: R04818-014-001-000
  • Block: 507

Listed by Intracoastal Realty Corporation, The Rising Tide Team and Intracoastal Realty Corporation, Matt Steiner

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Listing agents

— 1202 Chestnut St —

  • The Rising Tide Team

    Intracoastal Realty Corporation

  • Matt Steiner

    Intracoastal Realty Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1202 Chestnut St

School District:New Hanover County Schools
NameGradesDistance
Annie H Snipes Elementary
2150 Chestnut Street, Wilmington, NC 28405
K-50.8 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-80.5 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-120.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1202 Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2026
Listed
$1,450,000
314.29%
MLS
9/17/2025
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1202 Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$410,800
29%
2024
100%
$318,900
—
2022
100%
$318,900
—
2021
100%
$318,900
141%
2021
-100%
$132,100
—
2017
$1,392
—
$132,100
—
2019
$1,392
—
$132,100
5%
2016
$1,395
5%
$125,900
—
2015
$1,333
4%
$125,900
—
2014
$1,277
1%
$125,900
—
2013
$1,264
—
$125,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1202 Chestnut St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Intracoastal Realty Corporation, The Rising Tide Team and Intracoastal Realty Corporation, Matt Steiner

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1202 Chestnut Street, Wilmington, NC 28401 (MLS# 100601133) is a Multi-Family property with 4 units containing 3 bedrooms and 0 full bathrooms. 1202 Chestnut Street is currently listed for $1,450,000 and was received on September 03, 2026. Want to learn more about 1202 Chestnut Street? Do you have questions about finding other Multi-Family real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.

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