Date
Details
Price
Change
Source
3/30/2026
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Full Property Details
Full Property Details for 407 Red Cross St
General
- Price: $695,000
- Taxes: $1,297 (2025)
- Status: Active
- Type: Multi-Family
- Source: 2253
- MLS ID: 100563459
- Updated: 5/13/2026
- Added to Site: 97 day(s) ago
Interior
- Interior Features: None
- Appliances: Electric Oven, Refrigerator
- Furnishings: Unfurnished
- Flooring: LVT/LVP, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Dryer Hookup, Washer Hookup
Additional Information
- Shared Amenities: None
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Porch, Rear Porch
Parking
- Parking Features: On Street
Location
- County: New Hanover
- Subdivision: Historic District
- Driving Directions: Go north on N 3rd Street, turn right on to Red Cross. Once you cross over N 4th Street the property is on the left. Park on the street.
School Information
- Elementary School: Snipes
- 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
- Sewer: Municipal Sewer, Cape Fear Public Utility Authority
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame
- Construction: Wood Siding, Wood Frame
- Basement Desc.: None
- Roof: Shingle
- Square Feet: 3,301
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Dimensions: 54 x 95 x 48 x 99
- Frontage: City Street, State Road, Paved, Paved
- Zoning: HD-MU
- Fencing (Description): Partial, Wood
Green Features
- Building Certification: None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $210.54
- Operating Expenses: $10,935
- Assessment Amount: $220,500
- Tax Amount: $1,297.65
- Tax Year: 2025
- Terms: Cash, Conventional, 1031 Exchange2
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Pt Lots 4/5 Blk 235 Wilmington
- Property ID: R04813-028-018-000
Listed by Intracoastal Realty Corp, Jeffrey G Hovis and Intracoastal Realty Corp, Sky Grainger
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Listing agents
— 407 Red Cross St —
Jeffrey G Hovis
Intracoastal Realty Corp
Sky Grainger
Intracoastal Realty Corp
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 407 Red Cross St
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Annie H Snipes Elementary 2150 Chestnut Street, Wilmington, NC 28405 | K-5 | 1.4 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 0.9 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 0.8 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 Red Cross St
Tax History
Tax History for 407 Red Cross St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,298
-30%
$220,500
4%
2024
$1,844
3%
$212,000
—
2023
$1,791
-1%
$212,000
—
2022
$1,802
100%
$212,000
58%
2021
-100%
$134,200
—
2019
$1,414
—
$134,200
—
2018
$1,414
—
$134,200
—
2017
$1,408
-12%
$133,700
-8%
2016
$1,608
5%
$145,100
—
2015
$1,537
4%
$145,100
—
2014
$1,471
1%
$145,100
—
2013
$1,457
—
$145,100
—
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
Estimate the Cost for 407 Red Cross St
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- 7Total Baths
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- Updated 4 days ago
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407 Red Cross Street, Wilmington, NC 28401 (MLS# 100563459) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 407 Red Cross Street is currently listed for $695,000 and was received on March 30, 2026. Want to learn more about 407 Red Cross 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.