719 Princess Street, Wilmington, NC 28401
$1,465,000
Property Type:
Comm Sale or Lease
Square Footage:
4,848
Lot Size (sq. ft.):
3,441
Status:
Active
Current Price:
$1,465,000
List Date:
11/30/2025
Last Modified:
12/04/2025
Description
8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
More Information MLS# 100543390
Contract Info
Available Date: 2025-11-30
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-11-29
Sub-Type: Multi Family
Garage: N/A
Space: No
Sale/Lease: Sale
Listing Price: 1465000
Current Price: $1,465,000
List Price/SqFt: 302.19
Stipulation of Sale: Standard
Location Information
Street #: 719
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.237374
Geo Lon: -77.939715
Remarks and Showing
Directions to Property: Take Market Street east out of downtown. Turn left on Tenth Street, turn left on Princess. Property is on the corner of Princess and N 8th Street. Street parking only.
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 4848
Legal and Taxes
Tax Assessed Value: 1521500
Total City Real Estate Property Tax: 8954.04
Deed Book: 6390
Deed Page: 2874
Legal: Pt Lot 55 Blk 184 Wilm
Broker Owner: No
PID: R04817022009000
Tax Identifier: R04817-022-009-000
Total Real Estate Property Taxes: 8954.04
Special Assessments: None
Tax Year: 2025
Year Built: 1900
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Miscellaneous
Ceiling Height: 9
Occupancy: 90
Current Use: Rental and Retail
Current Service Providers
Trash Provider: City of Wilmington
Electric Provider: Duke Progress Energy
Internet Service Provider(s): Spectrum
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Financial Info
Financial Info: Yes
Gross Income: 124200
Total Annual Expenses: 27732
Net Operating Income: 96468
Real Estate Taxes: 8954
Insurance Expense: 6400
Management Fee: 9528
Admin Expense: 1250
Common Area Maint: 1600
Property Features
Business Type: Mixed; Retail; Commercial
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: Wood Frame
Exterior Finish: Wood Siding
Flooring: Carpet; Tile; Wood; LVT/LVP
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Features: None
Parking Features: Street Only
Roof: Shingle
Lot Description: Corner Lot
Current Use: Multi-Family; Retail
Location: Gen Bus District
Lot Water Features: None
Cooling: Central Air; Wall/Window Unit(s)
Heating: Forced Air
Heating System Fuel Source: Electric; Natural Gas
Water Heater: Electric
Utilities: Electricity Connected; Natural Gas Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: Cash; Conventional
Lease Types: See Remarks
Listing Office: Intracoastal Realty Corp
Last Updated: December - 04 - 2025
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