719 Princess St

Baths
4,848 Sq. Ft.
$302 / Sq. Ft.
4,848
Sq. Ft.
$302
per Sq. Ft.

Description

8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand...8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
  1. Listed by Jeffrey G Hovis • Brokerage DRE #C2062 • Intracoastal Realty Corp
    P: (910)-512-2205 jhovis@intracoastalrealty.com
  2. Listed by Sky Grainger • Brokerage DRE #C2062 • Intracoastal Realty Corp
    P: (910)-833-2546 sgrainger@intracoastalrealty.com

Property Details for 719 Princess Street

Subdivision Name
Not In Subdivision
Waterfront Features
None
Zoning
UMX
LISTING UPDATED: 12/05/2025 04:25 PM

Property Details for 719 Princess Street

StatusActive
MLS #100543390
Days on Market52
Taxes$8,954 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1900
Lot Size0.08 AC / 3,441 SF
CountyNew Hanover County

Location

Listing Courtesy of Intracoastal Realty Corp
Add your commute

Building Information for 719 Princess Street

Stories-Residences-Year Built1900Building Size-Lot Size0.08 AC / 3,441 SF

Payment Calculator

$7,886 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,140

Property Taxes

$746

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 719 Princess Street

Summary
Location and General Information
  • Island Or Mainland: Mainland
  • In City Limits: Yes
  • Secondary Subdivision: N/A
  • Cobra Zone: No
  • Location: Gen Bus District
  • Directions: Take Market Street east out of downtown. Turn left on Tenth Street, turn left on Princess. Property is on the corner of Princess and N 8th Street. Street parking only.
  • Latitude: 34
  • Longitude: -78
  • Road Frontage Type: 2 - 3 Lanes
Taxes and HOA
  • Total City Real Estate Property Tax: $8,954.04
  • Tax Other Assessment Amount Frequency: None
  • Association Amenities: None
  • Association: No
  • Parcel Number: R04817-022-009-000
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Legal Description: Pt Lot 55 Blk 184 Wilm
  • Tax Map Number: R04817022009000
  • Tax Assessed Value: $1,521,500
  • Tax Year: 2025
Distance To
  • Distance To Airport By Road: Less than 5 Miles
  • Distance To County Highway By Road: 6 - 10 Miles
  • Distance To Interstate By Road: Less than 5 Miles
  • Distance To Port By Road: 6 - 10 Miles
  • Distance To Rail By Road: 6 - 10 Miles
  • Distance To State Highway By Road: 6 - 10 Miles
Parking
  • Garage Lock Type: N/A
  • Space: No
  • Attached Garage: No
  • Parking Total: 0.0
  • Parking Features: On Street
Property
Lot Information
  • Building Area Total: 4848.0
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Square Feet: 3441.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 45 x 56 x 45 x 56
  • Lot Size Units: Acres
  • Structure Type: Wood Frame
Property and Assessments
  • Deed Book: 6390
  • Deed Page: 2874.0
  • Floor Plans Count: 0
  • Current Use: Retail, Multi-Family, Rental and Retail
  • New Construction: No
  • Possession: Close Of Escrow, Subject To Tenant Rights, At Closing
  • Property Sub Type: Multi Family
  • Property Type: Commercial Sale
  • Year Built: 1900
  • Permitted Use: Public
Utilities
  • Sewer Provider: Municipal Sewer, Cape Fear Public Utility Authority
  • Electric Provider: Duke Progress Energy
  • Internet Service Providers: Spectrum
  • Natural Gas Provider: Piedmont Natural Gas Co.
  • Trash Provider: City of Wilmington
  • Water Provider: Cape Fear Public Utility Authority
  • Utilities: Natural Gas Connected, Electricity Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Wood Siding
  • Construction Materials: Wood Siding
  • Foundation Details: Crawl Space
  • Roof: Shingle
Interior Features
  • Bathrooms Total Source: MLS
  • Bathrooms Total Notational: 0.0
  • Attic Features: Access Only
  • Heating System Fuel Source: Electric, Natural Gas
  • Water Heater: Electric
  • Bathrooms Total Integer: 0
  • Basement: None
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes
  • Flooring: LVT/LVP, Carpet, Tile, Wood
  • Heating: Yes
  • Heating: Electric, Forced Air, Natural Gas
Multi Family
Multi Family Information
  • Number Of Units Total: 0
Income & Expenses
  • Financial Info: Yes
  • Administrative Expense: $1,250
  • Common Area Maintenance Fee: $1,600
  • Total Annual Operating Expenses: $27,732
  • Gross Income: $124,200
  • Insurance Expense: $6,400.00
  • Net Operating Income: $96,468
Agent
Sale and Listing
  • Sold Exclusive: No
Rental
Rent Information
  • Occupancy: 90.00%
  • Availability Date: 11-30-2025
  • Existing Lease Type: See Remarks

Property History for 719 Princess Street

DateEvent & SourcePriceAppreciation
Nov 30, 2025

Listed (Active)

NCRMLS #100543390

$1,465,000
Dec 16, 2020

Sold

NCRMLS #100214617

$822,000
Dec 14, 2020

Sold (Public Record)

Public Record #686419545

$822,000
Oct 9, 2020

Pending

NCRMLS #100214617

Apr 24, 2020

Listed (Active)

NCRMLS #100214617

$865,000
DateEvent & SourcePrice
11/30/2025

Listed (Active)

NCRMLS #100543390

$1,465,000
12/16/2020

Sold

NCRMLS #100214617

$822,000
12/14/2020

Sold (Public Record)

Public Record #686419545

$822,000
10/09/2020

Pending

NCRMLS #100214617

04/24/2020

Listed (Active)

NCRMLS #100214617

$865,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 719 Princess Street

Taxable ValueLand$178,000Additions$1,343,500Total$1,521,500
Home Facts
Baths4Total Finished SqFt4,251 SqFtAbove Grade Finished SqFt4,251 SqFtStories2Lot Size3,441 SqFtStyleQuadraplexYear Built1900ZoningUMXCountyNEW HANOVERAPNR04817-022-009-000

Schools near 719 Princess Street

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Annie H Snipes Elementary
PublicK to 5

Williston Middle
Public6 to 8

New Hanover High
Public9 to 12

D.C. Virgo Preparatory Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

719 Princess Street is a multi-family home for sale in Wilmington, NC 28401. This property was listed for sale on November 30, 2025 by Intracoastal Realty Corp, it's currently listed at $1,465,000. It has been on the market for a total of 52 days and was last sold on December 16, 2020. This listing's school district is New Hanover County School District. Nearby schools include Annie H Snipes Elementary, Williston Middle and New Hanover High. 719 Princess Street is a 0-bed, 0-bath, 4,848 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intracoastal Realty Corp

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 12/05/2025 04:25 PM. 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 Compass 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. © 2026 Hive MLS