719 Princess Stree

Share this listing

Pre-formatted captions, a short link, and a QR code — ready to paste.

Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…

719 Princess Stree

Wilmington, NC 28401
Asking Price
$1.32M
Asset Type
Multifamily
Class
Class B

What's Special

719 Princess Street is situated in the Soda Pop District of downtown Wilmington, North Carolina. This emerging urban corridor is characterized by a mix of historic architecture and modern industrial redevelopments. The property is positioned within walking distance of local craft breweries, independent cafes, and fitness studios. Residents have immediate access to the retail and dining options along the Cape Fear riverfront, located approximately eight blocks to the west. The location is served by the Wave Transit bus system and offers efficient vehicle access to U.S. Route 17 and Memorial Bridge, connecting the neighborhood to the broader Cape Fear region. The property is suited for a multifamily residential development or a value-add renovation project. The site’s proximity to central business district employers and regional healthcare facilities supports a tenant profile of young professionals and urban commuters seeking walkable lifestyles. Given the neighborhood's evolving character, the location also appeals to students or faculty associated with nearby community college facilities. The zoning and footprint allow for a dense residential configuration tailored to occupants who prioritize proximity to downtown entertainment hubs and localized employment centers.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
6.04%
DSCR
1.02
Tight
Cash-on-Cash
0.35%
Monthly Payment
$6,550.43
Annual Cash Flow
$1,394.845

Location & Travel Times