About 407 Red Cross Street
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Features of 407 Red Cross Street
| MLS® # | 100563459 |
|---|---|
| Price | $695,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Acres | 0.12 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 407 Red Cross Street |
|---|---|
| Subdivision | Historic District |
| City | Wilmington |
| County | New Hanover |
| State | NC |
| Zip Code | 28401 |
Amenities
| Amenities | None |
|---|---|
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
| Parking | On Street |
| View | See Remarks |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Electric Oven, Refrigerator |
| Heating | Electric, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Shingle |
| Construction | Wood Siding, Wood Frame |
| Foundation | Crawl Space |
School Information
| Elementary | Snipes |
|---|---|
| Middle | Williston |
| High | New Hanover |
Additional Information
| Date Listed | March 30th, 2026 |
|---|---|
| Days on Market | 107 |
| Zoning | HD-MU |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Intracoastal Realty Corporation |
|---|