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Date
Details
Price
Change
Source
6/07/2025
Listed
$2,800,000
—
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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1/12
$2,800,000
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Property Description
Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package. Seller's are listing brokers and licensed NC Real Estate Brokers.
Full Property Details
Full Property Details for MLS# 100512238
General
- Price: $2,800,000
- Taxes: (2025)
- Status: Active
- Type: Commercial
- Source: 2253
- MLS ID: 100512238
- Updated: 5/13/2026
- Added to Site: 343 day(s) ago
Business
- Business Type: Other
Rental Information
- Lease Info: See Remarks
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: Pine Grove to Beasley Rd. on right
Structural Information
- Square Feet: 1,302
- Current Bldg. Use: Vacant, Residential
- Year Built: 2002
Lot Features
- Lot Size (Acres): 4.36
- Lot Size (Sq. Ft.): 189,921
- Lot Dimensions: irregular
- Zoning: R-15
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $2,150.54
- Assessment Amount: $437,200
- Tax Year: 2025
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: LT 1, 2, 3, 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD
- Property ID: R06120-007-018-000
Listed by Cadence Realty Corporation, Jarrod Covington and Cadence Realty Corporation, Luke A Waddell
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Listing agents
— MLS# 100512238 —
Jarrod Covington
Cadence Realty Corporation
Luke A Waddell
Cadence Realty Corporation
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving MLS# 100512238
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Holly Tree Elementary 3020 Web Trce, Wilmington, NC 28409 | K-5 | 0.5 mi |
Roland-Grise Middle School 4412 Lake Avenue, Wilmington, NC 28403 | 6-8 | 1.4 mi |
John T Hoggard High 4305 Shipyard Boulevard, Wilmington, NC 28403 | 9-12 | 1.4 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 MLS# 100512238
Estimate the Cost
Estimate the Cost for MLS# 100512238
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- Single Family
- Active
- Updated 6 minutes ago
- 3Beds
- 2Total Baths
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- Single Family
- Active
- Updated 4 hours ago
- 4Beds
- 3Total Baths
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MLS# 100512238, Wilmington, NC 28409 (MLS# 100512238) is a Commercial property. MLS# 100512238 is currently listed for $2,800,000 and was received on June 07, 2025. Want to learn more about MLS# 100512238? Do you have questions about finding other Commercial 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.