About 106 N Water Street 907
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.
Features of 106 N Water Street 907
| MLS® # | 100533151 |
|---|---|
| Price | $399,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 585 |
| Year Built | 2000 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 106 N Water Street 907 |
|---|---|
| Subdivision | Water Street Center Condo |
| City | Wilmington |
| County | New Hanover |
| State | NC |
| Zip Code | 28401 |
Amenities
| Amenities | Roof Maintenance, Elevator(s), Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Sidewalks, Termite Bond, Trash, Water, Cable TV |
|---|---|
| Utilities | Sewer Connected, Water Connected |
| Parking | Parking Lot, Lighted, Off Street, On Site |
| View | Marsh, River, Water |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | High Ceilings, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Blinds/Shades |
|---|---|
| Appliances | Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer |
| Heating | Heat Pump, Electric |
| Cooling | Heat Pump |
| Fireplace | No |
| Fireplaces | None |
| Stories | 4th Floor or Higher Unit |
Exterior
| Roof | Flat |
|---|---|
| Construction | Concrete, Brick, Brick Veneer |
| Foundation | Slab |
School Information
| District | New Hanover |
|---|---|
| Elementary | Snipes |
| Middle | Williston |
| High | New Hanover |
Additional Information
| Date Listed | September 27th, 2025 |
|---|---|
| Days on Market | 18 |
| Zoning | CBD |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Intracoastal Realty Corporation |
|---|