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$1,250,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 882 Sq. Ft.
  • 0.08 Acres
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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.

Full Property Details for 1220 Queen St

General

  • Price: $1,250,000
  • Taxes: $1,150 (2025)
  • Status: Active
  • Type: Single Family
  • Source: 2253
  • MLS ID: 100570339
  • Updated: 9/15/2026
  • Added to Site: 162 day(s) ago

Interior

  • Number of Rooms: 4
  • Interior Features: See Remarks
  • Flooring: Laminate, Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: Primary Living Area

Exterior

  • Porch/Patio/Deck: Front Porch

Parking

  • Parking Features: On Street

Location

  • County: New Hanover
  • Subdivision: Dawson-Castle Street
  • Driving Directions: Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen

School Information

  • High School District: New Hanover
  • Elementary School: Forest Hills
  • Middle School: Williston
  • High School: Hoggard

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Other, Electric, Forced Air

Utilities

  • Sewer: Municipal Sewer
  • Water: Public
  • Utility Description: Water Connected

Structural Information

  • Structure Type: Wood Frame, Stick Built
  • Construction: Wood Frame
  • Roof: Shingle
  • Entry Floor Number: 1
  • Square Feet: 882
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,311
  • Lot Dimensions: 33 x 100
  • Frontage: City Street, State Road
  • Zoning: R-5
  • Fencing (Description): Partial

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $1,417.23
  • Assessment Amount: $195,500
  • Tax Amount: $1,150.53
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: BLK 70 PT EM 1/2 Wilmington
  • Property ID: R05410-015-027-000

Listed by RE/MAX Essential, Benjamin T Eisenberg

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Listing agent

— 1220 Queen St —

  • Benjamin T Eisenberg

    RE/MAX Essential

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 1220 Queen St

School District:New Hanover County Schools
NameGradesDistance
Forest Hills Elementary
602 Colonial Drive, Wilmington, NC 28403
K-51.1 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-80.3 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-120.7 mi
John T Hoggard High
4305 Shipyard Boulevard, Wilmington, NC 28403
9-122.9 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 1220 Queen St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/29/2026
Listed
$1,250,000
4634.85%
MLS
2/08/2012
Sold
$26,400
—
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 1220 Queen St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,151
61%
$195,500
138%
2024
$716
3%
$82,300
—
2023
$695
-1%
$82,300
—
2021
$704
1%
$82,300
—
2022
$700
-1%
$82,300
190%
2021
$704
135%
$28,400
—
2017
$299
-20%
$28,400
-16%
2016
$373
25%
$33,700
19%
2019
$299
-16%
$28,400
-16%
2015
$357
6%
$33,700
—
2013
$338
—
$33,700
—
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 1220 Queen 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 RE/MAX Essential, Benjamin T Eisenberg

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1220 Queen Street, Wilmington, NC 28401 (MLS# 100570339) is a Single Family property with 2 bedrooms and 1 full bathroom. 1220 Queen Street is currently listed for $1,250,000 and was received on April 29, 2026. Want to learn more about 1220 Queen Street? Do you have questions about finding other Single Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

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