18 days on rocket

605-609 Nixon St, Wilmington, NC, 28401

$2,490,000

Home List Price

$10,000*

Closing Credit

36 Bedrooms
12 Baths
12,000 SqFt
$208/SqFt
Multi
Schools Nearby

Location

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605-609 Nixon St, Wilmington$2,490,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
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.

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Wilmington, NC

City

Med. Sold Price

$411.5K

Med. Price/SqFt

$237

Avg. Days On Market

41

# of Sold Homes

291

605-609 Nixon St vs Wilmington

18 DAYS ON ROCKET

-23 Days

$2,490,000

+$2.0M More

$208/SqFt

-$30 Less

KEY TAKEAWAY

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

IDX 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: 5/29/2024, 7:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,532

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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

school-card-donut-4330726
3
/10

  • A H Snipes Academy of Arts/Des

  • 2150 Chestnut St

  • 1.58 miles

  • Public District Grades PK-5

school-card-donut-4330727
6
/10

  • Dr John Codington Elementary School

  • 4321 Carolina Beach Rd

  • 5.92 miles

  • Public District Grades KG-5

school-card-donut-4330728
9
/10

  • Dr Hubert Eaton Sr Elementary School

  • 6701 Gordon Rd

  • 6.49 miles

  • Public District Grades PK-5

High School

school-card-donut-4330729
2
/10

  • New Hanover High School

  • 1307 Market St

  • 1.11 miles

  • Public District Grades 9-12

school-card-donut-4330730
8
/10

  • Isaac M Bear High School

  • 630 Macmillan Ave N

  • 4.37 miles

  • Public District Grades 9-12

school-card-donut-4330731
9
/10

  • Wilmington Early College High School

  • 4500 Blue Clay Rd

  • 6.43 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,711. The most common annual income of people living in Wilmington, NC is less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›New Hanover County›Wilmington›28401›605-609 Nixon St

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.

Wilmington, NC housing market in April 2024 saw over 72 listings sold above listed price, more than 65 sold at listed price and over 154 sold below. The number of listings in Wilmington, NC increased by 4% between March 2024 and April 2024. While the average time on the market in April 2024 was 41 days, the median list price was $411,592.

From Rocket Homes Real Estate and based on county public records data.

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