12 Nathan Street, Wrightsville Beach, NC 28480
$2,060,000
Property Type:
Multi-Family
Bedrooms:
8
Baths:
6
Square Footage:
3,682
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$2,060,000
List Date:
6/14/2025
Last Modified:
11/24/2025
Description
Introducing one of the most unique investment offerings on Wrightsville Beach. Located just steps from the sand, 12 Nathan Street features six grandfathered rental units on a valuable 50x90 R2-zoned lot.
The property includes:
Four 1-bedroom units in the main house
Two 2-bedroom units in a detached accessory dwelling unit (ADU)
All six units are currently leased at strong rental rates, providing immediate cash flow. Detailed financials are available upon request.
This is a unique opportunity to:
Renovate and reposition the property as a high-yield short-term rental portfolio, capitalizing on Wrightsville Beach's thriving vacation market
Or, for developers, redevelop the lot into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel
Short-term rental projections available from MiraMar Vacation Rentals upon request. Opportunities of this scale and flexibility are seldom available in Wrightsville Beach—don't miss your chance to invest in one of North Carolina's most desirable beach communities.
More Information MLS# 100513730
Building/Ext Features
ud_i_08: 0
Contract Info
Delayed Marketing?: No
Sub-Type: Quadruplex
List Price/SqFt: 559.48
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-06-03
Listing Price: 2060000
Current Price: $2,060,000
Location Information
City Limits: Yes
Marketing City: Wrightsville Beach
Secondary Subdivision: N/A
Street #: 12
Street Name: Nathan
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28480
Subdivision: Not In Subdivision
Geo Lat: 34.194062
Geo Lon: -77.806397
Remarks and Showing
Sign on Property: No
Directions to Property: Over Wrightsville Beach drawbridge, stay right at fork into Causeway Drive, cross over Banks Channel Bridge, right onto Waynick, and left on Nathan Street - house is on the right
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Acres: 0.11
Lot SqFt: 4792
Lot Dimensions: 95x50
Waterfront: No
Waterview: Yes
Location Type: Island
# Baths - Total: 6
# Total Units: 4
Stories: 2
Owner Occupied: No
Property Mgmt Company: No
Financials Available: Yes
Legal and Taxes
Tax Assessed Value: 113700
Deed Book: 6396
Deed Page: 295
Legal: LOT 17 MRS E I BEAR DIV
Broker Owner: No
PID: R06319-004-010-000
Tax Identifier: R06319-004-010-000
Plat Book: 0
Plat Page: 0
Special Assessments: none
Tax Year: 2025
Zoning: R2
Cobra Zone: No
Elementary School: Wrightsville Beach
Middle School: Noble
High School: Hoggard
Year Built: 1941
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Parking Features
Aggregate: 1
Gravel: 1
View Type
Ocean: 1
Sound View: 1
Construction
Block: 1
Lot Water Features
None: 1
Exterior Finish
Asbestos: 1
Block: 1
Fencing
None: 1
Foundation
Block: 1
Fuel Tank
Propane Above Ground: 1
Fuel Tank Ownership
Leased: 1
Patio and Porch Features
Deck: 1
Porch: 1
Roof
Architectural Shingle: 1
Stories/Levels
Two: 1
Cooling
Wall/Window Unit(s): 1
Heating
Forced Air: 1
Heating System Fuel Source
Propane: 1
Interior Features
Ceiling Fan(s): 1
Side/Unit 1
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 550
Furnished: No
Rent: 2025
Occupied: Yes
Side/Unit 1 Cooling
Wall/Window Unit: 1
Side/Unit 1 Heating
Propane Gas: 1
Side/Unit 1 Rent Frequency
Monthly: 1
Side/Unit 2
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 600
Furnished: No
Rent: 1600
Occupied: Yes
Side/Unit 2 Cooling
Wall/Window Unit: 1
Side/Unit 2 Heating
Propane Gas: 1
Side/Unit 2 Rent Frequency
Monthly: 1
Side/Unit 3
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 600
Furnished: No
Rent: 1600
Occupied: Yes
Side/Unit 3 Cooling
Wall/Window Unit: 1
Side/Unit 3 Heating
Propane Gas: 1
Side/Unit 3 Rent Frequency
Monthly: 1
Side/Unit 4
Total Rooms: 4
# of Bedrooms: 1
Full Baths: 1
Avg SqFt: 550
Furnished: No
Rent: 1600
Occupied: Yes
Side/Unit 4 Cooling
Wall/Window Unit: 1
Side/Unit 4 Heating
Propane Gas: 1
Side/Unit 4 Rent Frequency
Monthly: 1
Property ExteriorInterior Info
# Bedrooms: 8
SqFt - Heated (Primary): 3682
Property Features
View Type: Ocean; Sound View
Construction: Block
Exterior Finish: Asbestos; Block
Fencing: None
Foundation: Block
Fuel Tank: Propane Above Ground
Fuel Tank Ownership: Leased
Parking Features: Aggregate; Gravel
Patio and Porch Features: Deck; Porch
Roof: Architectural Shingle
Lot Water Features: None
Cooling: Wall/Window Unit(s)
Heating: Forced Air
Heating System Fuel Source: Propane
Interior Features: Ceiling Fan(s)
Listing Office:
Cadence Realty Corporation
IDX
Last Updated: November - 24 - 2025
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