$1,250,000
2 bd · 1 ba · 882 sq ft
1220 Queen Street
Wilmington, NC, 28401 · Dawson-Castle Street
Listed 146 days ago
Listed by RE/MAX Essential
About this home
Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
Facts
- Type
- Single Family Residence
- Year built
- 1920
- Lot
- 0.08 acres
- Community
- Dawson-Castle Street
- County
- New Hanover
- MLS #
- 100570339
Features
Inside
- Laminate
- Wood
Parking
- On Street
Heating & cooling
- Other
- Electric
- Forced Air
- Central Air
Schools
- Elementary
- Forest Hills
- Middle
- Williston
- High
- Hoggard
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
Monthly payment estimate
$7,543/mo
- Principal & interest (30-yr fixed)$7,447
- Property taxes (2025 bill)$96
Estimate only. Rate is the national 30-year average (6.95% as of Sep 17, 2026, Freddie Mac); your rate depends on your lender. Homeowners and flood insurance aren't included — on the coast they vary a lot by house, so get a quote early.
Recent sales like this in Dawson-Castle Street
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 617 S 9th Street, Wilmington | Apr 17, 2026 | 3 / 2 | 993 | $299,900 | $302 |
| 805 S 13th Street, Wilmington | Mar 27, 2026 | 2 / 1 | 819 | $247,500 | $302 |
| 708 S 14th Street, Wilmington | Mar 10, 2026 | 3 / 2 | 1,000 | $360,000 | $360 |
Similar size and type, sold in the last 12 months. From Hive MLS records; deemed reliable, not guaranteed.
Buying in Wilmington? Local guides
- Leland vs. Wilmington: What You Get for Your MoneyLeland vs. Wilmington, NC side by side from 12 months of real sales: price per square foot, home size and age, days on market, new construction and HOAs.
- One-Story and Primary-on-Main Homes on the Southeastern NC CoastWhere the one-level homes are from Wilmington to Calabash, what they cost town by town, and what to check before you buy — from current MLS listings.
About 1220 Queen Street
1220 Queen Street is a 2-bedroom, 1-bath home of about 882 square feet, built in 1920 in Dawson-Castle Street, Wilmington, New Hanover County, NC 28401.
At $1,250,000, it's 333% above the median asking price ($289,000) of the 163 other 2-bedroom listings for sale in Wilmington today.
That's about $1417 per square foot, compared with a Wilmington median of $262.
14 other homes are for sale in Dawson-Castle Street right now (median asking $275,000); 18 homes sold there in the last 12 months at a median of $355,000, typically in about 73 days.
Across ZIP 28401, 154 2-bedroom homes sold in the past year at a median of $126,500.
It has been on the market for 147 days.
Dawson-Castle Street neighborhood guideHomes for sale in WilmingtonNew Hanover County homes
Buying 1220 Queen Street
- See it in person. Pick a time and we'll call to confirm — often same day.
- Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written.
- Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works
Own a home near 1220 Queen Street? See what it's worth — every online estimate side by side, next to real sales in Dawson-Castle Street.
What's my home worth? →Questions about 1220 Queen Street
How much is 1220 Queen Street?
1220 Queen Street is listed at $1,250,000 (about $1417 per square foot) as of September 23, 2026. Status: for sale.
How many bedrooms and bathrooms does 1220 Queen Street have?
2 bedrooms and 1 bathroom, with about 882 square feet.
What neighborhood is 1220 Queen Street in?
Dawson-Castle Street, in Wilmington, New Hanover County, North Carolina.
How long has 1220 Queen Street been on the market?
147 days. Homes in Dawson-Castle Street sold after a median of 73 days over the past year.
What have homes sold for in Dawson-Castle Street?
18 homes sold in Dawson-Castle Street in the last 12 months, at a median price of $355,000.
When was 1220 Queen Street built?
1920.
Who is the listing broker for 1220 Queen Street?
RE/MAX Essential (MLS #100570339). The Buddy Blake Team can show it to you and answer questions.
Can I tour 1220 Queen Street?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.