Downtown Wilmington Value-Add Duplex | 2 Units | $354,000 Available
- $354,000
- 4 beds
- 2 baths
- 2,366 sqft
Quick Highlights
- Price: $354,000
- Property Type: Duplex / 2-Unit Multifamily
- Unit Mix: Two 2BR / 1BA Units
- Total: 4 Bedrooms / 2 Bathrooms
- Separate Electric Meters
- Zoning: R-3
- Condition: Value-Add / Renovation Opportunity
- Known Termite Damage: Present; extent not yet evaluated
- Estimated Renovated Value: Approx. $540K–$550K*
- Potential Market Rent: Approx. $1,650–$1,800 per unit*
- Sale: Cash / Private Money
- Condition: As-Is
- Earnest Money: $5,000
- Inspection / Due Diligence: Current inspection period is limited and ending soon
- Closing: On or before November 2, 2026
- Funding: Cash / Private Money
- Buyer to verify all property information and complete independent due diligence
- Call/Text/Email me for a scheduled walk thru.
- Mark@jointventure-properties.com/480-251-8684
- Price:
- $354,000
- Address:
- 623 S 6th Street
Wilmington, NC 28401
- Square Feet:
- 2,366
- Lot Size:
- 2,178
- Bedrooms:
- 4
- Bathrooms:
- 2
- Terms:
- Assignment of Contract
- Property Type:
- Duplex
- Year Built:
- 1930
- Basement:
- None
Additional Features
Priced to Move — Downtown Wilmington Duplex with Strong Value-Add Potential
Property Description
Value-add duplex opportunity near Downtown Wilmington priced for an investor looking for a straightforward renovation project.
623 S 6th Street consists of two 2-bedroom, 1-bath units with separate electric meters and multiple potential exit strategies.
The property needs renovation and is being sold completely as-is. Based on our evaluation of renovated properties in the area, we believe the property has potential for a renovated value in the mid-$500Ks, depending on renovation scope, finishes and market conditions.
There is known termite damage at the property that has not yet been fully evaluated, so buyers should factor additional inspection and repair into their underwriting.
For investors considering a rental strategy, estimated stabilized market rents are approximately $1,650–$1,800 per unit, subject to condition, finishes and market demand.
Offered at $354,000.
This is being priced to generate serious buyer activity rather than starting high and negotiating down. Cash and private-money buyers preferred. Buyer to independently verify all property information, condition, termite damage, repair costs, square footage, zoning, rents, ARV and intended use.
Call (480) 251-8684 for more details
