UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,782 sqft
Price per Sqft $248
Subdivision Winter Park
MLS Listing ID 100546999
Style Wood Frame
Bedrooms 6
HOA Y/N No
Year Built 1917
Lot Size 0.412 Acres
Acres 0.41
Lot Dimensions 68X263X68X263
Property Sub-Type Duplex
Source Hive MLS
Property Description
The property is currently leased through August 2026 with a total gross monthly income of $4,800, providing immediate and reliable cash flow. One unit is renewing for an additional year at an increased rental rate, while the second unit is actively listed for rent, allowing flexibility for continued income growth. The home is professionally managed by a reputable local property management company, making this an ideal opportunity for an investor seeking a truly turnkey and hands-off asset.
Each unit features three bedrooms and three full bathrooms, offering spacious and functional layouts that are highly desirable for both student and non-student renters alike. The property has been well maintained, allowing a new owner to step into a stabilized investment without the need for immediate improvements. The unit layouts provide consistency, ease of management, and strong long-term leasing performance.
On the outside, the property offers ample gravel parking, a key feature in this area, along with additional green space at the rear of the lot that enhances functionality and outdoor appeal.
With strong existing income, professional management in place, recent renovations, and a prime location, 305 Macmillian Avenue represents a compelling opportunity for investors seeking dependable cash flow, rental demand stability, and long-term appreciation in one of Wilmington's most proven rental markets.
Location
State NC
County New Hanover
Community Winter Park
Zoning R-10
Direction Heading South on College Road, turn left onto Wrightsville Avenue. Turn Left at traffic light onto MacMillan Avenue, 305 located on your left.
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s)
Heating Electric, Heat Pump
Cooling Central Air
Exterior
Exterior Feature None
Parking Features Gravel, On Site
View See Remarks
Roof Type Shingle
Porch Covered, Porch
Building
Entry Level One
Foundation Crawl Space
Water Public
Structure Type None
New Construction No
Schools
Elementary Schools College Park
Middle Schools Williston
High Schools Hoggard
Others
Tax ID R05519-007-014-000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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