1104 S 7th Street, Wilmington, NC, 28401
About This Home
Part of 5-property income portfolio in downtown Wilmington -- offered as a single transaction. or as a stand alone. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Crawl Space
- Roof: Shingle
- Construction materials: Vinyl Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- None,Ceiling Fan(s)
Heating & Cooling
- Heating features: Heat Pump,Electric,Forced Air
- Cooling features: Central Air,Heat Pump
Interior Area
- Total structure area: 1,224
- Total interior livable area: 1,224 sqft
Property
Details
- Parcel number: R05413022020000
- Zoning: R-5
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Covered,Porch
- Fencing: Partial,Wood
- Has view: Yes
- View description: None
- Frontage type: See Remarks
- Living area range: 1200 - 1399
Lot
- Lot size: 3,790 sqft
- Lot size dimensions: 37 x 103
Parking
- Parking features: Off Street,Unpaved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Winter Weather
- Ice Storm
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New Hanover County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $77 | $924 |
| Property Taxes | $64 | $768 |
| Electricity | $200 | $2,405 |
| Total | $1,731 | $20,772 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-08 | Listed for sale | $275,000 |
| 2025-05-02 | Listing removed | $1,200,000 |
| 2025-02-05 | Listed for sale | $1,200,000 |
| 2024-04-17 | Listing removed | -- |
| 2024-01-03 | Listed for sale | $279,900 |
| 2023-12-08 | Listing removed | -- |
| 2023-07-26 | Listed for sale | $300,000 |
| 2017-06-26 | Sold | $26,000 |
| 2017-05-25 | Pending sale | $34,900 |
| 2017-04-21 | Listed for sale | $34,900 |
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