$279,500
3 bd · 3 ba · 1,274 sq ft
993 Downey Branch Lane
Wilmington, NC, 28403 · Wilshire Townhouses
Listed 88 days ago
Listed by Aloha Wilmington Real Estate
About this home
Income-producing investment opportunity -- freshly renovated 3-bedroom, 3-full-bath townhouse in the heart of midtown Wilmington, now leased through September 2027. With a private en suite bath for every bedroom, a genuine rarity at this price, this two-story, 1,274-square-foot home lives like a true residence, not a flat apartment box. Tucked minutes from UNCW, a short drive to Wrightsville Beach, and within easy reach of historic downtown Wilmington, and located in one of the area's most sought-after school districts. Just refreshed throughout: new paint, all-new hardware, new kitchen appliances and countertops, and updated LVP flooring. That en suite-for-every-bedroom layout delivers rare flexibility and strong rental appeal, and with a long-term tenant already in place, this one cash-flows from day one -- no lease-up risk, no vacancy gap. Ideal for an investor looking for turnkey income, or a buyer planning ahead for a future move-in once the lease ends. Enjoy assigned parking directly in front of the unit, plus an HOA that handles all exterior maintenance, including the roof, for genuinely low-maintenance ownership. The HVAC is approximately six years old. A rare combination of location, layout, and immediate income. Schedule your showing today.
Facts
- Type
- Townhouse
- Year built
- 2005
- Lot
- 0.02 acres
- HOA
- $3,000 / annually
- Community
- Wilshire Townhouses
- County
- New Hanover
- MLS #
- 100584660
Features
Inside
- None
- LVT/LVP
- Tile
Outside
- None
Community
- Maintenance Common Areas
- Management
- Master Insure
Parking
- Off Street
- On Site
- Paved
Heating & cooling
- Heat Pump
- Electric
- Forced Air
- Central Air
Schools
- Elementary
- Winter Park
- 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
$2,049/mo
- Principal & interest (30-yr fixed)$1,665
- Property taxes (2025 bill)$134
- HOA dues$250
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 nearby
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 4140 Spirea Drive, Wilmington | Jun 9, 2026 | 2 / 2 | 1,026 | $170,000 | $166 |
| 321 S Kerr Avenue Unit 157, Wilmington | May 18, 2026 | 3 / 3 | 1,436 | $265,500 | $185 |
| 321 S Kerr Avenue Unit 153, Wilmington | Apr 30, 2026 | 3 / 3 | 1,431 | $268,000 | $187 |
| 321 S Kerr Avenue Unit 151, Wilmington | Jun 12, 2026 | 2 / 3 | 1,337 | $231,000 | $173 |
Similar size and type, sold in the last 6 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 993 Downey Branch Lane
993 Downey Branch Lane is a 3-bedroom, 3-bath townhome of about 1,274 square feet, built in 2005 in Wilshire Townhouses, Wilmington, New Hanover County, NC 28403.
At $279,500, it's 32% below the median asking price ($409,000) of the 439 other 3-bedroom listings for sale in Wilmington today.
That's about $219 per square foot, compared with a Wilmington median of $262.
4 homes sold there in the last 12 months at a median of $1,563, typically in about 137 days.
Across ZIP 28403, 271 3-bedroom homes sold in the past year at a median of $373,000.
It has been on the market for 89 days.
Wilshire Townhouses neighborhood guideHomes for sale in WilmingtonNew Hanover County homes
Buying 993 Downey Branch Lane
- 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 993 Downey Branch Lane? See what it's worth — every online estimate side by side, next to real sales in Wilshire Townhouses.
What's my home worth? →Questions about 993 Downey Branch Lane
How much is 993 Downey Branch Lane?
993 Downey Branch Lane is listed at $279,500 (about $219 per square foot) as of September 23, 2026. Status: for sale.
How many bedrooms and bathrooms does 993 Downey Branch Lane have?
3 bedrooms and 3 bathrooms, with about 1,274 square feet.
What neighborhood is 993 Downey Branch Lane in?
Wilshire Townhouses, in Wilmington, New Hanover County, North Carolina.
How long has 993 Downey Branch Lane been on the market?
89 days. Homes in Wilshire Townhouses sold after a median of 137 days over the past year.
What have homes sold for in Wilshire Townhouses?
4 homes sold in Wilshire Townhouses in the last 12 months, at a median price of $1,563.
Does 993 Downey Branch Lane have an HOA fee?
Yes: $3,000 (annually), per the MLS.
When was 993 Downey Branch Lane built?
2005.
Who is the listing broker for 993 Downey Branch Lane?
Aloha Wilmington Real Estate (MLS #100584660). The Buddy Blake Team can show it to you and answer questions.
Can I tour 993 Downey Branch Lane?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.