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1421-1425 Wellington Dr 4 Unit Apartment Building $1,474,035 CAD ($368,509 CAD/Unit) Wilmington, NC 28401
Executive Summary
Turnkey 4-unit investment opportunity featuring two duplexes on adjacent lots (sold together). Rare “quad” setup ideal for investors seeking immediate cash flow and portfolio expansion.
Unit mix includes: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA. Property offers off-street parking and garage.
Located on a corner lot with O&I zoning, providing flexibility for continued residential use or potential conversion to other permitted uses (buyer to verify).
Currently fully income-producing. Conveniently situated near hospital, shopping, businesses, and beaches—strong rental demand area.
Great opportunity for investors looking for stable income with upside potential.
Unit mix includes: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA. Property offers off-street parking and garage.
Located on a corner lot with O&I zoning, providing flexibility for continued residential use or potential conversion to other permitted uses (buyer to verify).
Currently fully income-producing. Conveniently situated near hospital, shopping, businesses, and beaches—strong rental demand area.
Great opportunity for investors looking for stable income with upside potential.
Property Facts
| Price | $1,474,035 CAD | Building Class | C |
| Price Per Unit | $368,509 CAD | Lot Size | 0.69 AC |
| Sale Type | Investment | Building Size | 7,033 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Zoning | O&I | ||
| Price | $1,474,035 CAD |
| Price Per Unit | $368,509 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 7,033 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | O&I |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $768,966 CAD | |
| Land Assessment | $712,480 CAD | Total Assessment | $1,481,446 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$712,480 CAD
Improvements Assessment
$768,966 CAD
Total Assessment
$1,481,446 CAD
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1421-1425 Wellington Dr
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