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$2,800,000

  • For Sale
  • Active
  • Triplex
  • 35 Beds
  • 19 Total Baths
  • 13,104 Sq. Ft.
  • 2.4 Acres
  • 1 Car Garage
  • Updated 2 hours ago
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Unlock a rare opportunity to own a well-performing multifamily property on a single parcel in a highly sought-after Wilmington neighborhood, currently cash flowing over $20,000 per month with three vacancies being filled that will push rents closer to $25,000, and with plenty of room to increase rents further. Amazing investment opportunity on this home with income potential for years. Each property has recently had up to $30,000 worth of updates that have brought it up to today's market standards. Step inside to discover modern finishes, refreshed interiors, and thoughtful upgrades that enhance comfort and appeal to long-term tenants. With strong rental demand in the area, this property offers consistent cash flow and room for appreciation. Whether you're expanding your portfolio or entering the market for the first time, this turnkey home stands ready to perform. Featuring a diverse mix of units from duplexes to quadplexes, the property has undergone significant renovations-over half completed-positioning its current value between $3.8M and $3.9M, with an appraised ''as repaired'' value of $4.5M and a recent ''as is'' appraisal of $3.2M at purchase. For developers, drafted plans to replace existing structures with new construction townhomes estimate a post-build value of around $10M with only about $3M in construction costs, presenting massive upside. This is a standout multifamily investment offering immediate income, undeniable value-add potential, and long-term redevelopment opportunity in one of the region's most promising markets.

Full Property Details for 407 Maides Ave

General

  • Price: $2,800,000
  • Taxes: $17,935 (2025)
  • Status: Active
  • Type: Triplex
  • Source: 2253
  • MLS ID: 100540410
  • Updated: 5/13/2026
  • Added to Site: 172 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Fireplace(s): None

Rooms

Bathrooms

  • Total Bathrooms: 19

Bedrooms

  • Total Bedrooms: 35

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Attached garage: Yes
  • Garage Spaces: 1
  • Parking Features: Carport, Attached, Additional Parking, On Site

Location

  • County: New Hanover
  • Subdivision: Ridgecrest
  • Driving Directions: From US-17 you head onto US-421 South, and take the left to cross the Isabel Stellings Holmes Bridge. Once off the bridge, keep right to merge onto US-74 East toward Wrightsville Beach, then continue on US-74 until you reach Kornegay Avenue, where you turn right. Turn right again onto North 30th Street, then left onto Hurst Street. Continue onto Maides Avenue and property is on right.

School Information

  • Elementary School: Other
  • Middle School: Holly Shelter
  • High School: New Hanover

Community

  • Units Assoc/Comm: 3

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric, Heat Pump

Structural Information

  • Structure Type: Wood Frame
  • Construction: Vinyl Siding
  • Roof: Architectural Shingle
  • Stories/Levels: 1
  • Square Feet: 13,104
  • Year Built: 1986

Lot Features

  • Lot Size (Acres): 2.4
  • Lot Size (Sq. Ft.): 104,631
  • Lot Dimensions: 660 x 67 x 69 x 212 x 152 x 292 x 80 x 45 x 40 x 83 x 27
  • Zoning: R-5
  • Fencing (Description): None

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $213.68
  • Assessment Amount: $3,047,600
  • Tax Amount: $17,935.13
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: PD:METES & BOUNDS RE DOC
  • Property ID: R04909-010-027-000
  • Block: 2111

Listed by REAL Broker LLC, Loretta Hinson

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Listing agent

— 407 Maides Ave —

  • Loretta Hinson

    REAL Broker LLC

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 407 Maides Ave

School District:New Hanover County Schools
NameGradesDistance
Rachel Freeman Elementary
2601 Princess Place Drive, Wilmington, NC 28405
K-50.7 mi
Holly Shelter Middle School
3921 Roger Haynes Drive, Castle Hayne, NC 28429
6-87.3 mi
Emsley A Laney High
2700 North College Road, Wilmington, NC 28405
9-124 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 407 Maides Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Listed
$2,800,000
-12.89%
MLS
2/15/2024
Sold
$3,214,500
—
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 407 Maides Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,935
72%
$3,047,600
155%
2024
$10,415
3%
$1,197,100
—
2023
$10,116
-1%
$1,197,100
—
2021
$10,245
1%
$1,197,100
—
2022
$10,175
-1%
$1,197,100
154%
2021
$10,245
107%
$470,800
—
2019
$4,959
—
$470,800
—
2018
$4,959
-49%
$470,800
-49%
2017
$9,633
86%
$914,500
95%
2016
$5,188
5%
$468,200
—
2015
$4,958
5%
$468,200
—
2013
$4,701
—
$468,200
—
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.

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NMLS#: 1598647

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Listed by REAL Broker LLC, Loretta Hinson

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407 Maides Avenue, Wilmington, NC 28405 (MLS# 100540410) is a Triplex property with 35 bedrooms and 0 full bathrooms. 407 Maides Avenue is currently listed for $2,800,000 and was received on November 25, 2025. Want to learn more about 407 Maides Avenue? Do you have questions about finding other Triplex 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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