719 Princess Street, Wilmington, NC 28401
New Listing
$1,465,000
Property Type:
Comm Sale or Lease
Square Footage:
4,848
Lot Size (sq. ft.):
3,441
Status:
Active
Current Price:
$1,465,000
List Date:
11/30/2025
Last Modified:
11/30/2025
Description
8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
More Information MLS# 100543390
Building/Ext Features
# of Parking Spaces: 0
# of Units: 0
Fireplace Y/N: No
Lot Acres: 0.08
Lot SqFt: 3441
Lot Dimensions: 45 x 56 x 45 x 56
SqFt - Total Available: 4848
SqFt - Retail/Display: 358
Location Type: Mainland
Contract Info
Available Date: 2025-11-30
Delayed Marketing?: No
Sub-Type: Multi Family
Garage: N/A
Space: No
Sale/Lease: Sale
List Price/SqFt: 302.19
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-11-29
Listing Price: 1465000
Current Price: $1,465,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 719
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Not In Subdivision
Geo Lat: 34.237374
Geo Lon: -77.939715
Remarks and Showing
Sign on Property: Yes
Directions to Property: Take Market Street east out of downtown. Turn left on Tenth Street, turn left on Princess. Property is on the corner of Princess and N 8th Street. Street parking only.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 1521500
Total City Real Estate Property Tax: 8954.04
Deed Book: 6390
Deed Page: 2874
Legal: Pt Lot 55 Blk 184 Wilm
Broker Owner: No
PID: R04817022009000
Tax Identifier: R04817-022-009-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 8954.04
Special Assessments: None
Tax Year: 2025
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1900
Business Type
Mixed: 1
Retail: 1
Commercial: 1
Current Use
Multi-Family: 1
Retail: 1
Miscellaneous
Ceiling Height: 9
Occupancy: 90
Current Use: Rental and Retail
HOA and Neigh Amenities
No Amenities: 1
Attic
Access Only: 1
Basement
None: 1
C & I Features
Storage Outside: 1
Construction
Wood Frame: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Internet Service Provider(s): Spectrum
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Trash Provider: City of Wilmington
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Wood Siding: 1
Terms
Cash: 1
Conventional: 1
Foundation
Crawl Space: 1
Flooring
Carpet: 1
LVT/LVP: 1
Tile: 1
Wood: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Street Only: 1
Sale/Lease Includes
Buildings: 1
Equipment: 1
Land: 1
Roof
Shingle: 1
Lot Description
Corner Lot: 1
Road Type/Frontage
2 - 3 Lanes: 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: 6 - 10 Miles
Interstate: Less than 5 Miles
Port: 6 - 10 Miles
Rail: 6 - 10 Miles
State Highway: 6 - 10 Miles
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Location
Gen Bus District: 1
Heating
Forced Air: 1
Heating System Fuel Source
Electric: 1
Natural Gas: 1
Water Heater
Electric: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: Yes
Gross Income: 124200
Total Annual Expenses: 27732
Net Operating Income: 96468
Real Estate Taxes: 8954
Insurance Expense: 6400
Management Fee: 9528
Admin Expense: 1250
Common Area Maint: 1600
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 4848
Property Features
Business Type: Mixed; Retail; Commercial
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: Wood Frame
Exterior Finish: Wood Siding
Flooring: Carpet; Tile; Wood; LVT/LVP
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Features: None
Parking Features: Street Only
Roof: Shingle
Lot Description: Corner Lot
Current Use: Multi-Family; Retail
Location: Gen Bus District
Lot Water Features: None
Cooling: Central Air; Wall/Window Unit(s)
Heating: Forced Air
Heating System Fuel Source: Electric; Natural Gas
Water Heater: Electric
Utilities: Electricity Connected; Natural Gas Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: Cash; Conventional
Lease Types: See Remarks
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: November - 30 - 2025
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