Prime Investment Opportunity in Historic Downtown Wilmington! Attention Investors! Don't miss this exceptional triplex located at 1002 S 4th St in the heart of Historic Downtown Wilmington. This property is fortified with a solid brick exterior and sits prominently on a corner lot, offering excellent curb appeal and long-term stability. The triplex includes two 1-bedroom, 1-bathroom units and one 2-bedroom unit, making it a versatile addition to your rental portfolio. Each unit is easy to rent, ensuring a stable and consistent income stream. With three power meters and a single water meter, utility management is straightforward and efficient.Situated in the desirable south side of Wilmington, this property is perfectly positioned for growth. The excellent location provides plenty of upside for upgrades and rent increases as turnovers occur, allowing you to maximize your return on investment. The area is known for its strong rental demand, ensuring you can keep units occupied with ease.This triplex is not only a stable investment but also an opportunity to add significant value through strategic improvements. Whether you choose to renovate and modernize the units or simply enjoy the steady cash flow, 1002 S 4th St offers immense potential.Seize this rare chance to invest in a prime property in a historic and thriving part of Wilmington.
Sold for $450,000 on 08/12/24
$450,000
1002 S 4th Street, Wilmington, NC 28401
8beds
3baths
1,994sqft
Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$226/sqft
$2,527 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 17, 2025 at 06:02am
Listed by:
Christian A Cardamone 910-262-3399,
Aloha Wilmington Real Estate
Bought with:
The Domenico Grillo Real Estate Team
Keller Williams Innovate-Wilmington
Source: Hive MLS,MLS#: 100451341
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Other, Electric, Natural Gas
Cooling
- Wall/Window Unit(s)
Features
- Master Downstairs, High Ceilings
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No One Below
Interior area
- Total structure area: 1,994
- Total interior livable area: 1,994 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Entry location: 1st Floor
- Patio & porch: Patio, Porch
- Fencing: Partial
Lot
- Size: 2,613 sqft
- Dimensions: 40' x 99'
- Features: Corner Lot
Details
- Parcel number: R05413013022000
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Foundation: Combination, Slab
- Roof: Slate
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Available, Water Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Wilmington
- Subdivision: Downtown
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional