4946 Wrightsville Avenue, Wilmington, NC 28403
$3,495,000
Property Type:
Residential
Bedrooms:
4
Baths:
3
Square Footage:
1,733
Lot Size (sq. ft.):
9,583
Status:
Active
Current Price:
$3,495,000
List Date:
3/16/2026
Last Modified:
3/16/2026
Overview
Description
A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this.
Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. All six are homes are fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place.
Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request.
The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity.
For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.
Listing Details MLS# 100560546
Contract Info
- Sub-Type
- Single Family Residence
- Construction Type
- Stick Built
- Delayed Marketing?
- No
- Marketing Start Date
- 2026-03-16
- Listing Price
- 3495000
- List Price/SqFt
- 2016.73
- Stipulation of Sale
- Standard
Location Information
- Street #
- 4946
- Street Name
- Wrightsville
- Street Suffix
- Avenue
- County
- New Hanover
- State/Province
- NC
- Zip Code
- 28403
- City Limits
- Yes
- Marketing City
- Wilmington
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
Remarks and Showing
- Directions to Property
- College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.
- Sign on Property
- Yes
Property Exterior Info
- New Construction
- No
- Lot Acres
- 0.22
- Lot SqFt
- 9583
- Lot Dimensions
- Irregular
- Waterfront
- No
- Horses Y/N
- No
- Location Type
- Mainland
Property Interior Info
- SqFt - Heated (Primary)
- 1733
- Total SqFt - Heated (Primary + Separate)
- 1733
- # Rooms
- 7
- # Baths - Full
- 3
- # Baths - Total
- 3
- # Bedrooms
- 4
- Master Bedroom Level
- N/A
- ud_i_10
- 2
- Fireplace Y/N
- No
- # Baths - Half
- 0
Legal Taxes
- Year Built
- 1998
More Information
Entry Level Information
- Entry Level
- Yes
Rental Information
- Lease Term
- 12 Months
Legal & Taxes
- Tax Assessed Value
- 345400
- Total Real Estate Property Taxes
- 2032.68
- Deed Book
- 6672
- Deed Page
- 2869
- Legal
- LT 1 BLK A WINTER PARK HEIGHTS
- Broker Owner
- No
- PID
- R05520011016000
- Tax Identifier
- R05520-011-014-000
- Plat Book
- No
- Plat Page
- No
- Special Assessments
- N/A
- Tax Year
- 2025
- Zoning
- R-15
- HOA
- No
- Cobra Zone
- No
- School District
- New Hanover
- Elementary School
- Winter Park
- Middle School
- Roland Grise
- High School
- Hoggard
Showing Instructions
- Showing Service
- Yes
Garage & Parking
- Attached Garage Spaces
- 0
- Detached Garage Spaces
- 0
- Total # Garage Spaces
- 0
- Total Carport Spaces
- 0
Parking Features
- Off Street
- Yes
- On Site
- Yes
- Shared Driveway
- Yes
Frontage Type
- See Remarks
- Yes
View Type
- None
- Yes
Construction
- Wood Frame
- Yes
Exterior Finish
- Vinyl Siding
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Fencing
- None
- Yes
Foundation
- Slab
- Yes
Patio and Porch Features
- Patio
- Yes
Roof
- Shingle
- Yes
Levels
- Two
- Yes
Road Type/Frontage
- Public (City/Cty/St)
- Yes
Cooling
- Central Air
- Yes
Heated SqFt
- 1600 - 1799
- Yes
Heating
- Heat Pump
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Electric
- Yes
Utilities
- Sewer Connected
- Yes
- Water Connected
- Yes
Interior Features
- See Remarks
- Yes
Dining Room Type
- Combination
- Yes
Rooms
- Bathroom 1
- Yes
- Bathroom 2
- Yes
- Bedroom 1
- Yes
- Bedroom 2
- Yes
- Bedroom 3
- Yes
- Bedroom 4
- Yes
- Kitchen
- Yes
- Living Room
- Yes
Property Features
Showing Instructions:
Showing Service
Frontage Type:
See Remarks
View Type:
None
Construction:
Wood Frame
Exterior Finish:
Vinyl Siding
Fencing:
None
Foundation:
Slab
Parking Features:
Off Street; On Site; Shared Driveway
Patio and Porch Features:
Patio
Roof:
Shingle
Levels:
Two
Cooling:
Central Air
Heating:
Heat Pump
Heating System Fuel Source:
Electric
Water Heater:
Electric
Utilities:
Sewer Connected; Water Connected
Interior Features:
See Remarks
Heated SqFt:
1600 - 1799
Dining Room Type:
Combination
Rooms:
Bathroom 1; Bathroom 2; Bedroom 1; Bedroom 2; Bedroom 3; Bedroom 4; Kitchen; Living Room
Terms:
Cash; Conventional
Room Information
Kitchen
Living Room
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom 1
Bathroom 2
Bedroom 3
Listing Office:
Carolina One Properties Inc.
IDX
Last Updated: March - 16 - 2026
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