$325,000
$350,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
206 Clay ST Wilmington, NC 28405
4 Beds
2 Baths
1,872 SqFt
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $173
Subdivision Ridgecrest
MLS Listing ID 100524348
Sold Date 10/15/25
Style Wood Frame
Bedrooms 4
HOA Y/N No
Year Built 2002
Annual Tax Amount $1,819
Lot Size 9,496 Sqft
Acres 0.22
Lot Dimensions 94.97x99.78x95.16x99.78
Property Sub-Type Duplex
Source Hive MLS
Property Description
Investor Opportunity - Fully Leased Duplex
206 Clay Street presents an excellent opportunity for investors seeking a property with immediate rental income. This well-maintained duplex features two units, each offering 2 bedrooms, 1 bathroom, and a spacious living area that provides comfortable layouts for tenants.
Recent updates enhance the property's value, including LVP flooring installed in 2023 and a new roof installed August 2025, offering peace of mind for years to come.
Both units are currently occupied by long-term tenants, making this an ideal addition to any investment portfolio. Conveniently located near local amenities, schools, and transportation, this property is well-positioned for continued rental demand.
Bonus Investment Potential: The adjacent tri-plex at 212 Clay Street (MLS ID 100524356) is also available and can be purchased as a package for increased rental income and portfolio growth.
Please allow 24 hours' notice for all showing requests.
Location
State NC
County New Hanover
Community Ridgecrest
Zoning R-5
Direction Travel north on Market Street from downtown Wilmington. Turn Left onto Clay Street. Destination will be on your right.
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s)
Heating Electric, Heat Pump
Cooling Central Air
Flooring LVT/LVP, Tile
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry Hookup - Dryer, Hookup - Washer
Exterior
Parking Features Off Street, On Site
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Composition
Accessibility None
Porch Covered
Building
Story 1
Entry Level One
Foundation Slab
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Freeman
Middle Schools Virgo
High Schools New Hanover
Others
Tax ID R04913-014-001-000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
