106 N Water Street, Wilmington, NC 28401
$395,000
Property Type:
Residential
Bedrooms:
1
Baths:
1
Square Footage:
585
Status:
Active
Current Price:
$395,000
List Date:
9/27/2025
Last Modified:
3/19/2026
Overview
Description
TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays.
Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential.
Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location.
Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.
Listing Details MLS# 100533151
Contract Info
- Sub-Type
- Condominium
- Construction Type
- Stick Built
- Delayed Marketing?
- No
- Marketing Start Date
- 2025-09-27
- Listing Price
- 395000
- List Price/SqFt
- 675.21
- Stipulation of Sale
- Standard
Location Information
- Street #
- 106
- Pre Direction
- N
- Street Name
- Water
- Street Suffix
- Street
- County
- New Hanover
- State/Province
- NC
- Zip Code
- 28401
- City Limits
- Yes
- Marketing City
- Wilmington
- Subdivision
- Water Street Center Condo
- Secondary Subdivision
- N/A
Remarks and Showing
- Directions to Property
- Starting at the intersection of Chestnut Street and Front Street, head west on Chestnut and turn left on Water St.
- Sign on Property
- No
Property Exterior Info
- New Construction
- No
- Waterfront
- No
- Waterview
- Yes
- Horses Y/N
- No
- Location Type
- Mainland
Property Interior Info
- SqFt - Heated (Primary)
- 585
- Total SqFt - Heated (Primary + Separate)
- 585
- # Rooms
- 3
- # Baths - Full
- Yes
- # Baths - Total
- Yes
- # Bedrooms
- Yes
- Master Bedroom Level
- Primary Living Area
- Stories
- Yes
- ud_i_10
- Yes
- Fireplace Y/N
- No
- # Baths - Half
- 0
Legal Taxes
- Year Built
- 2000
More Information
Entry Level Information
- Entry Level
- Yes
Current Service Providers
- Electric Provider
- Duke Progress Energy
- Internet Service Provider(s)
- Spectrum through HOA
- Sewer Provider
- Cape Fear Public Utility Authority
- Trash Provider
- HOA Contracts
- Water Provider
- Cape Fear Public Utility Authority
HOA
- Association Fee 1/Year
- 4800
- Association Name
- Water Street Center Association
- Association Phone
- 2526264800
Pets Allowed
- Pets Allowed
- Yes
Rooms
- Kitchen Level
- Main
- Living Room Level
- Main
- Master Bedroom Level
- Main
- Kitchen
- Yes
- Living Room
- Yes
- Master Bedroom
- Yes
Rental Information
- Lease Term
- Short Term Lease
Legal & Taxes
- Tax Assessed Value
- 382700
- Total Real Estate Property Taxes
- 2443.55
- Deed Book
- 6607
- Deed Page
- 392
- Legal
- UNIT 9G WATER STREET CENTER CONDOS
- Broker Owner
- No
- PID
- R04720-007-023-103
- Tax Identifier
- R04720-007-023-103
- Plat Book
- 12
- Plat Page
- 222
- Special Assessments
- None
- Tax Year
- 2025
- Zoning
- CBD
- HOA
- Yes
- Cobra Zone
- No
- School District
- New Hanover
- Elementary School
- Snipes
- Middle School
- Williston
- High School
- New Hanover
Garage & Parking
- Attached Garage Spaces
- 0
- Detached Garage Spaces
- 0
- Total # Garage Spaces
- 0
- Total Carport Spaces
- 0
- Other - See Remarks
- Owner - 1st Come/1st
Parking Features
- Lighted
- Yes
- Off Street
- Yes
- On Site
- Yes
- Parking Lot
- Yes
HOA and Neigh Amenities
- Cable TV
- Yes
- Elevator(s)
- Yes
- Flood Insurance
- Yes
- Maint - Comm Areas
- Yes
- Maint - Grounds
- Yes
- Maintenance Structure
- Yes
- Management
- Yes
- Master Insure
- Yes
- Pest Control
- Yes
- Roof Maintenance
- Yes
- Sewer
- Yes
- Sidewalk
- Yes
- Termite Bond
- Yes
- Trash
- Yes
- Water
- Yes
Attic
- None
- Yes
Basement
- None
- Yes
Frontage Type
- See Remarks
- Yes
Handicap Accessible
- Elevator
- Yes
View Type
- Marsh View
- Yes
- River
- Yes
- Water
- Yes
Construction
- Concrete
- Yes
- Wood Frame
- Yes
Unit Type
- 1 Bedroom
- Yes
Lot Water Features
- None
- Yes
Exterior Finish
- Brick
- Yes
- Brick Veneer
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Fencing
- None
- Yes
Foundation
- Slab
- Yes
Flooring
- LVT/LVP
- Yes
Patio and Porch Features
- Balcony
- Yes
- Covered
- Yes
Pool Features
- None
- Yes
Roof
- Flat
- Yes
Levels
- One
- Yes
Road Type/Frontage
- Public (City/Cty/St)
- Yes
Trash Collection
- Private Service
- Yes
Cooling
- Heat Pump
- Yes
Heated SqFt
- 400 - 599
- Yes
Heating
- Heat Pump
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Electric
- Yes
Utilities
- Sewer Connected
- Yes
- Water Connected
- Yes
Sewer
- Municipal Sewer
- Yes
Water Source
- Municipal Water
- Yes
Appliances/Equip
- Built-In Microwave
- Yes
- Dryer
- Yes
- Electric Oven
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Furnished
- Furnished
- Yes
Interior Features
- Blinds/Shades
- Yes
- Ceiling Fan(s)
- Yes
- Elevator
- Yes
- Furnished
- Yes
- High Ceilings
- Yes
- Kitchen Island
- Yes
Security Features
- Fire Sprinkler System
- Yes
- Smoke Detector(s)
- Yes
Laundry Features
- Laundry Closet
- Yes
Dining Room Type
- Combination
- Yes
Property Features
Frontage Type:
See Remarks
Handicap Accessible:
Elevator
View Type:
Marsh View; River; Water
Attic:
None
Basement:
None
Construction:
Concrete; Wood Frame
Unit Type:
1 Bedroom
Exterior Finish:
Brick; Brick Veneer
Fencing:
None
Foundation:
Slab
Parking Features:
Lighted; Off Street; On Site; Parking Lot
Patio and Porch Features:
Balcony; Covered
Pool Features:
None
Roof:
Flat
Levels:
One
Trash Collection:
Private Service
Lot Water Features:
None
Cooling:
Heat Pump
Heating:
Heat Pump
Heating System Fuel Source:
Electric
Water Heater:
Electric
Utilities:
Sewer Connected; Water Connected
Sewer:
Municipal Sewer
Water Source:
Municipal Water
Flooring:
LVT/LVP
Furnished:
Furnished
Interior Features:
Blinds/Shades; Ceiling Fan(s); Elevator; Furnished; High Ceilings; Kitchen Island
Security Features:
Fire Sprinkler System; Smoke Detector(s)
Laundry Features:
Laundry Closet
Heated SqFt:
400 - 599
Dining Room Type:
Combination
HOA and Neigh Amenities:
Cable TV; Elevator(s); Flood Insurance; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Management; Master Insure; Pest Control; Sidewalk; Termite Bond; Trash; Water
Rooms:
Kitchen; Living Room; Master Bedroom
Terms:
Cash; Conventional
Room Information
Master Bedroom
Length: 11.00
Width: 11.00
Level: Main
Kitchen
Length: 8.00
Width: 7.00
Level: Main
Living Room
Length: 15.00
Width: 11.00
Level: Main
Listing Office:
Intracoastal Realty Corporation
IDX
Last Updated: March - 19 - 2026
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.