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$1,065,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 9 Total Beds
  • 1 Car Garage
  • Updated 2 days ago
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Turnkey 4-unit investment opportunity featuring two duplexes on adjacent lots (sold together). Rare ''quad'' setup ideal for investors seeking immediate cash flow and portfolio expansion. Unit mix includes: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA. Property offers off-street parking and garage. Located on a corner lot with O&I zoning, providing flexibility for continued residential use or potential conversion to other permitted uses (buyer to verify). Currently fully income-producing. Conveniently situated near hospital, shopping, businesses, and beaches--strong rental demand area. Great opportunity for investors looking for stable income with upside potential.

Full Property Details for 1421 -1425 Wellington Ave

General

  • Price: $1,065,000
  • Taxes: $3,101 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 2253
  • MLS ID: 100564998
  • Updated: 5/13/2026
  • Added to Site: 42 day(s) ago

Interior

  • Interior Features: See Remarks61
  • Furnishings: Unfurnished
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 9

Other Rooms

  • Laundry: Dryer Hookup, Washer Hookup

Additional Information

  • Shared Amenities: See Remarks

Exterior

  • Porch/Patio/Deck: None

Parking

  • Attached garage: Yes
  • Garage Spaces: 1
  • Parking Features: Gravel, Off Street

Location

  • County: New Hanover
  • Subdivision: Halcyon
  • Driving Directions: Traveling south on Carolina Beach Rd. turn left onto Wellington Ave. duplexes are on the left

School Information

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

Community

  • Units Assoc/Comm: 4

Heating & Cooling

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

Utilities

  • Utility Description: Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Structure Type: Wood Frame
  • Construction: Brick Veneer, Vinyl Siding, Wood Frame
  • Basement Desc.: None
  • Roof: Shingle
  • Square Feet: 3,542
  • Year Built: 1974

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 13,199
  • Lot Dimensions: Irregular
  • Frontage: City Street, State Road
  • Zoning: O&I
  • Fencing (Description): None

Green Features

  • Building Certification: None

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $300.68
  • Operating Expenses: $8,990
  • Assessment Amount: $1,064,800
  • Tax Amount: $3,101.99
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: South Wellington Heights and Blk 11 S Wilm Place
  • Property ID: R06015-001-001-000

Listed by Intracoastal Realty Corp, Jeffrey G Hovis and Intracoastal Realty Corp, Sky Grainger

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Listing agents

— 1421 -1425 Wellington Ave —

  • Jeffrey G Hovis

    Intracoastal Realty Corp

  • Sky Grainger

    Intracoastal Realty Corp

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 1421 -1425 Wellington Ave

School District:New Hanover County Schools
NameGradesDistance
Sunset Park Elementary
613 Alabama Avenue, Wilmington, NC 28401
K-51.1 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-82.3 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-122.7 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 1421 -1425 Wellington Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/04/2026
Listed
$1,065,000
-69.2%
MLS
7/31/2019
Sold
$3,458,000
—
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 1421 -1425 Wellington Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,164
5%
$537,700
55%
2024
$3,016
3%
$346,700
—
2023
$2,930
-1%
$346,700
—
2021
$2,967
1%
$346,700
—
2022
$2,947
-1%
$346,700
52%
2021
$2,967
23%
$228,600
—
2019
$2,408
—
$228,600
—
2018
$2,408
—
$228,600
—
2017
$2,408
-10%
$228,600
-5%
2016
$2,663
5%
$240,300
—
2015
$2,545
5%
$240,300
—
2013
$2,413
—
$240,300
—
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 1421 -1425 Wellington Ave

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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 Corp, Jeffrey G Hovis and Intracoastal Realty Corp, Sky Grainger

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1421 -1425 Wellington Avenue, Wilmington, NC 28401 (MLS# 100564998) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 1421 -1425 Wellington Avenue is currently listed for $1,065,000 and was received on April 04, 2026. Want to learn more about 1421 -1425 Wellington Avenue? 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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