$1,875,000
$2,060,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
3,682 SqFt
SOLD DATE : 05/21/2026
Key Details
Sold Price $1,875,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,682 sqft
Price per Sqft $509
Subdivision Not In Subdivision
MLS Listing ID 100513730
Sold Date 05/21/26
Bedrooms 8
Year Built 1941
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 95x50
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
Introducing one of the most unique investment offerings on Wrightsville Beach. Located just steps from the sand, 12 Nathan Street features six grandfathered rental units on a valuable 50x90 R2-zoned lot.
The property includes:
Four 1-bedroom units in the main house
Two 2-bedroom units in a detached accessory dwelling unit (ADU)
All six units are currently leased at strong rental rates, providing immediate cash flow. Detailed financials are available upon request.
This is a unique opportunity to:
Renovate and reposition the property as a high-yield short-term rental portfolio, capitalizing on Wrightsville Beach's thriving vacation market
Or, for developers, redevelop the lot into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel
Short-term rental projections available from MiraMar Vacation Rentals upon request. Opportunities of this scale and flexibility are seldom available in Wrightsville Beach—don't miss your chance to invest in one of North Carolina's most desirable beach communities.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R2
Direction Over Wrightsville Beach drawbridge, stay right at fork into Causeway Drive, cross over Banks Channel Bridge, right onto Waynick, and left on Nathan Street - house is on the right
Location Details Island
Interior
Interior Features Ceiling Fan(s)
Heating Propane, Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Gravel, Aggregate
Waterfront Description None
View Sound, Ocean
Roof Type Architectural Shingle
Porch Deck, Porch
Garage No
Building
Story 2
Entry Level Two
Foundation Block
New Construction No
Schools
Elementary Schools Wrightsville Beach
Middle Schools Noble
High Schools Hoggard
Others
Tax ID R06319-004-010-000
Special Listing Condition Standard
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Bought with Corcoran HM Properties
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