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Listed by The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington.

1405 Corbett Street A, Wilmington, NC 28401

$5,199,900
Property Type: Comm Sale or Lease Square Footage: 24,768 Lot Size (sq. ft.): 41,818 Status: Active
Current Price: $5,199,900 List Date: 12/10/2025 Last Modified: 5/26/2026

Overview

Description

Rare opportunity! 8 Duplexes in downtown Wilmington next to a new home development in Love Grove. You can really see the time and effort the developer/builder/owner put into making and creating this perfect portfolio compound of major cash flow! 8 Duplexes which breaks down to be 16, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 24,768 sqft, 64 bedrooms, 32 bathrooms. All 8 duplexes are side by side and all in a row on the same street. Each duplex is on its own parcel. Every unit has their own driveway and fenced in backyard. There is also a storage unit in the back of every unit. Granite counter tops, stainless steel appliances water proof flooring and so many great features. Floor plans reads 1 bedroom down stairs and 3 upstairs. Floor plans and specs are attached to the mls or can be provided upon request. Each tenant has been handpicked by the owner with long history and track records. Every lease is government backed and guaranteed though Sec8 program. Each ten …

Listing Details MLS# 100544737

Contract Info

Available Date
2025-12-10
Delayed Marketing?
No
Marketing Start Date
2025-12-09
Sub-Type
Multi Family
Garage
N/A
Space
No
Listing Price
5199900
List Price/SqFt
209.94
Stipulation of Sale
Standard

Location Information

Street #
1405
Street Name
Corbett
Street Suffix
Street
Unit #
A
County
New Hanover
State/Province
NC
Zip Code
28401
City Limits
Yes
Subdivision
Love Grove
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
From Hwy 17 N to Wilmington. Take the exit toward Ilm Int'l Airport from US-74 E/Martin Luther King Jr Pkwy. Follow One Tree Hill Way and Love Grove Memorial Bridge to Creekfront Dr
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt – Heated (Primary)
24768

Legal and Taxes

Tax Assessed Value
533100
Deed Book
6576
Deed Page
801
Legal
Lot 2 Blk 10 Love Grove
Broker Owner
No
PID
R04806-006-012-000
Tax Identifier
R04806-006-174-000
Total Real Estate Property Taxes
3137.3
Special Assessments
none
Tax Year
2025
Year Built
2023
Zoning
R-3
Cobra Zone
No
Plat Book
No
Plat Page
No

More Information

Building/Ext Features

# of Units
16
Fireplace Y/N
No
Lot Acres
0.12
Lot SqFt
41818
Lot Dimensions
Irregular
SqFt – Total Available
3168
Location Type
Mainland

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Parking Features

Additional Parking
Yes
Concrete
Yes
Lighted
Yes
On Site
Yes
Paved
Yes
Private
Yes

Sale/Lease Includes

Buildings
Yes
Fixtures
Yes
Land
Yes
See Remarks
Yes

Roof

Shingle
Yes

Cooling

Central Air
Yes

Location

Residential
Yes

Heating System Fuel Source

Electric
Yes

Water Heater

Electric
Yes

Water Source

Municipal Water
Yes

Sewer

Municipal Sewer
Yes

Property Features

Parking Features: Additional Parking; Concrete; Lighted; On Site; Paved; Private Roof: Shingle Location: Residential Cooling: Central Air Heating System Fuel Source: Electric Water Heater: Electric Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional
IDX
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: May – 26 – 2026
Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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