# 407 Red Cross Street, Wilmington, NC 28401

> **TL;DR:** 6bd/4ba residential multi family, $695,000 ($211/sqft), built 1920, 3,301 sqft.
> A/C. Est. $3,012/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $695,000 |
| Price/sqft | $211 |
| Bedrooms | 6 |
| Bathrooms | 4 full |
| Square Feet | 3,301 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,012 |
| **Total** | **$3,012** |

## Nearby Schools

- **Elementary:** Snipes
- **Middle:** Williston
- **High:** New Hanover

## Key Amenities

- A/C

## Property Highlights

- Built in 1920
- 0.12 acre lot
- 2 stories

## Description

### Agent Description
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.

## Location

- **Address:** 407 Red Cross Street, Wilmington, NC 28401
- **County:** New Hanover
- **Neighborhood:** Historic District
- **Coordinates:** 34.241561, -77.944931
- **Google Maps:** https://www.google.com/maps?q=34.241561,-77.944931

## Listing Agent

- **Name:** Jeffrey G Hovis
- **Brokerage:** Intracoastal Realty Corp
- **Phone:** 9105122205
- **Email:** jhovis@intracoastalrealty.com

## Primary Photo

![407 Red Cross Street - Primary Photo](http://lh.rdcpix.com/0e8e680450335861a5a76202bbcf195el-f1390362955r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/407-red-cross-street-wilmington-nc-28401-00563459)*

---

**MLS#:** 100563459 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/407-red-cross-street-wilmington-nc-28401-00563459)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "407 Red Cross Street, Wilmington, NC 28401",
  "description": "This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is signif",
  "url": "https://www.propertysimple.com/listing/407-red-cross-street-wilmington-nc-28401-00563459",
  "image": "http://lh.rdcpix.com/0e8e680450335861a5a76202bbcf195el-f1390362955r.jpg",
  "datePosted": "2026-04-25",
  "price": 695000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "407 Red Cross Street",
    "addressLocality": "Wilmington",
    "addressRegion": "NC",
    "postalCode": "28401",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 34.241561,
    "longitude": -77.944931
  },
  "numberOfRooms": 6,
  "numberOfBathroomsTotal": 4,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 3301,
    "unitCode": "FTK"
  },
  "yearBuilt": 1920
}
```