1101 Emory Street
Wilmington, NC 28405
Map
- – beds
- – baths
- – sqft
- 1971 build
- – on site
11-Home Portfolio | $270K+ Annual Income | Fully Occupied | Wilmington, NC. Turnkey investment opportunity with 11 fully occupied, low-maintenance single-family homes--all within 1 mile of each other. Tenants pay all utilities, and recent upgrades totaling over $200K (roofs, HVACs, windows, flooring, paint) mean minimal maintenance is needed moving forward. This portfolio brings in over $270,000/year in government-backed rent, with rent increases already set for October and pro forma income projected near $300K by 2026. Ideally located near the iconic Indochine restaurant, UNCW, and major job centers. Surrounded by new development and positioned near the planned Independence Blvd extension, this area is poised for continued growth--making this a strategic, cash-flowing opportunity in one of Wilmington's fastest-growing pockets. Rent roll and Section 8 docs available upon request.
Last checked:
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Last updated Jul 9, 2025
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MLS# 100518138 —
The Building
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Year Built:1971
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Construction:Wood Frame
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Construction Type:Stick Built
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Roof:Shingle
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Stories:1.0
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Stories/Levels:One
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Exterior Finish:Brick Veneer
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Foundation:Combination, Slab, Crawl Space
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SqFt - Heated:0 Sqft
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Patio and Porch Features:See Remarks
Interior
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Interior Features:None
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Dining Room Type:Combination, Kitchen
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Fireplace:None
Financial & Terms
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Terms:Cash, Conventional, Commercial
Location
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Directions to Property:23rd St to MLK Parkway to right on Kornegay thru traffic circle - road becomes Spaulding-right on E. Stewart Circle, left on Emory St., 3rd house on right
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Location Type:Mainland
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City Limits:Yes
The Property
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Property Type:A
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Subtype:Single Family Residence
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Lot SqFt:0 Sqft
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Waterfront:No
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Zoning:MF-M
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Fencing:None
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Road Type/Frontage:Public (City/Cty/St)
Listing Agent
- Contact info:
- Agent phone:
- (704) 962-2077
- Office phone:
- (704) 962-2077
Taxes
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Tax Year:2025
Heating & Cooling
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Heating:Heat Pump
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Heated SqFt:0 - 200
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Cooling:Central Air
Utilities
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Utilities:Sewer Available, Water Available
Schools
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School District:New Hanover
The Community
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Subdivision:Creekwood
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Secondary Subdivision:N/A
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On-Site Pool/Spa:See Remarks
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HOA:No
Parking
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Parking Features:See Remarks
Monthly cost estimate
Asking price
$2,750,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$14,725
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| Taxes | N/A |
| Insurance | $756 |
| Utilities | N/A |
| Total | $15,481/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/9/25
Jul 9, 2025
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Listed / Active | HIVE | $2,750,000 | 1517.6% (572.4% / YR) |
|
11/14/22
Nov 14, 2022
|
HIVE | $170,000 |
