ParkingLighted, Off Street, On Site, Parking Lot, Paved
Year Built1988
HeatingForced Air, Heat Pump
CoolingCentral Air
FireplaceNone
MLS #100443909
Lot Size0.70 Acres
StatusActive
About 605-609 Nixon St
Presenting 605, 607 and 609 Nixon St. in Downtown Wilmington, consisting of 12 units across three quadruplex condominiums on +/- .70 acres. Each unit contains three bedrooms and one full bath, plus recent renovations including granite counter tops in the kitchens and bathrooms, laminate flooring throughout and tile flooring in the bathrooms. The downstairs units feature fenced patios with outdoor storage closets while the upstairs units have covered balconies with outdoor storage closets. Rents on five of the units are subsidized with housing vouchers through the Wilmington Housing Authority. The Housing Authority recently approved a currently vacant unit for an 18% rent increase, the seller is in the process of having three others approved at the same rate. The opportunity for future similar increases on the remaining units at lease renewal and turnover provides a generous value add. The tenants are responsible for electric, water, sewer and cable.The property is located adjacent to the popular Brooklyn Arts District in Downtown Wilmington, NC. The immediate area offers access to public parks, medical care, pharmacy, transportation, restaurants and entertainment. The Wilmington MSA is one of the fastest growing in North Carolina--encompassing New Hanover, Brunswick and Pender Counties. Demand for affordable housing is outpacing supply by a wide margin throughout the region, supporting this offering as a durable investment.
Property Details
Property Features
Property Information:
Year Built: 1988
Stories: 2
Living Area: 12,000 SqFt
Listing Office:
Office Name: Nest Realty
Interior Features
Interior Information:
Interior: Ceiling Fan(s), Wash/Dry Connect
Fireplace: None
Bedroom and Bathroom Information:
Total Bedroom Count: 36
Exterior Features
Exterior Information:
Exterior: Cluster Mailboxes
Parking Information:
Attached Garage: No
Parking: Lighted, Off Street, On Site, Parking Lot, Paved
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.70 Acres
Utilities
Utilities Information:
Heating: Forced Air, Heat Pump
Cooling: Central Air
School Info
Assigned Schools Information:
New Hanover High School, Public District Grades 9-12
Isaac M Bear High School, Public District Grades 9-12
Wilmington Early College High School, Public District Grades 9-12
A H Snipes Academy of Arts/Des, Public District Grades PK-5
Dr John Codington Elementary School, Public District Grades KG-5
Dr Hubert Eaton Sr Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: N 4th St to Nixon St, property on the left
Price Information
Listing Price Info
Price Summary:
List Price: $2,490,000
Price Per SqFt: $208/SqFt
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Housing Market Comparison
See how this home compares to others in Wilmington, NC.
This property is $2.0M more than the Median Sold Price and $30/SqFt less than other homes in Wilmington, NC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #100443909
Listing Office:
Office Name: Nest Realty
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/1/2024, 9:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
A H Snipes Academy of Arts/Des
2150 Chestnut St
Distance between this listing and this school1.58 miles
Public District Grades PK-5
6
/10
Dr John Codington Elementary School
4321 Carolina Beach Rd
Distance between this listing and this school5.92 miles
Public District Grades KG-5
9
/10
Dr Hubert Eaton Sr Elementary School
6701 Gordon Rd
Distance between this listing and this school6.49 miles
Public District Grades PK-5
High School
2
/10
New Hanover High School
1307 Market St
Distance between this listing and this school1.11 miles
Public District Grades 9-12
8
/10
Isaac M Bear High School
630 Macmillan Ave N
Distance between this listing and this school4.37 miles
Public District Grades 9-12
9
/10
Wilmington Early College High School
4500 Blue Clay Rd
Distance between this listing and this school6.43 miles
Public District Grades 9-12
Assigned Schools
3
/10
A H Snipes Academy of Arts/Des
2150 Chestnut St
Distance between this listing and this school1.58 miles
Public District Grades PK-5
6
/10
Dr John Codington Elementary School
4321 Carolina Beach Rd
Distance between this listing and this school5.92 miles
Public District Grades KG-5
9
/10
Dr Hubert Eaton Sr Elementary School
6701 Gordon Rd
Distance between this listing and this school6.49 miles
Public District Grades PK-5
Nearby Schools
3
/10
Williston Middle School
401 S 10th St
Distance between this listing and this school1.40 miles
Public District Grades 6-8
6
/10
Cape Fear Center For Inquiry
2525 Wonder Way
Distance between this listing and this school3.95 miles
Public Charter Grades KG-8
3
/10
Roland-Grise Middle School
4412 Lake Ave
Distance between this listing and this school4.37 miles
Public District Grades 6-8
Assigned Schools
2
/10
New Hanover High School
1307 Market St
Distance between this listing and this school1.11 miles
Public District Grades 9-12
8
/10
Isaac M Bear High School
630 Macmillan Ave N
Distance between this listing and this school4.37 miles
Public District Grades 9-12
9
/10
Wilmington Early College High School
4500 Blue Clay Rd
Distance between this listing and this school6.43 miles
The neighbors living near this home have an average income of $21,711. Residents of Wilmington, NC typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 605-609 Nixon St in Wilmington, NC and zip code 28401 in the Upper Downtown neighborhood. This 12,000 square foot home, which was built in 1988, sits on a 0.70 acre lot. Features: 36 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $2,490,000.
In April 2024, from all listings sold in Wilmington, NC there were more than 72 sold above asking price, over 154 sold below and more than 65 were sold right at the asked price. In April 2024 in Wilmington, NC there were 4% more homes for sale than in March 2024. In April 2024 median list price was $411,592 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.