Residential

993 Downey Branch Lane, Wilmington

$279,500

Bedroom 3 bedrooms
Bathroom 3 baths
Total Baths 3 total baths

  • Listing ID #: 100584660
  • Status: Active
  • Address: 993 Downey Branch Lane, Wilmington, NC 28403
  • Date Listed: 6/26/2026
  • Days on Market: 82
  • SQFT: 1274
  • Acres: 0.02
  • Stipulations: Standard

Location Location

Agent Comments Agent Comments
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.

Additional Features Additional Features
  • Association Amenities: Maintenance Common Areas,Management,Master Insure
  • County: New Hanover
  • Days on Market: 82
  • Exterior: None
  • Pool: No
  • Tax Number: R05514-001-084-000
  • Water/Sewer: Sewer Available, Water Available
  • Year Built: 2005
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Tax Year: 2025
  • Tax Amount: $1,602.49
  • HOA Fees: $3,000.00
  • Unit Type: 3 Bedroom

Financial Financial
  • Short Sale: Standard

Interior Features Interior Features
  • Cool System: Central Air, Heat Pump
  • Floors: LVT/LVP, Tile
  • Heat System: Heat Pump, Electric, Forced Air
  • Interior: None
  • Room Type: Dining Room, Living Room, Dining Area, Master Bedroom, Bedroom 1, Bedroom 2
  • Total Rooms: 6
  • Levels: Two
  • Heating Fuel: Electric
  • Association Amenities: Maintenance Common Areas,Management,Master Insure
  • Full Baths: 3
  • 1/2 Baths: 0
  • Basement Description: None

Exterior Features Exterior Features
  • Exterior: None
  • Fuel Tanks: None
  • Parking: Off Street, On Site, Paved
  • Roof: Shingle
  • Siding: Brick Veneer
  • Is New Construction: No
  • Construction: Brick Veneer,Wood Frame
  • Foundation: Slab
  • Water Source: Public
  • Septic or Sewer: Municipal Sewer,City/Town
  • Water Provider: City/Town
  • Utilities: Sewer Available,Water Available
  • Garage Spaces: 0
  • Parking Spaces: 0
  • Fencing: None
  • Exterior: Brick Veneer
  • Patio/Deck Description: Patio
  • Zoning: MD-17
  • Building Total Area (Sq.Ft): 1274
  • Road Description: Paved
  • Road Improvements: See Remarks
  • View Description: See Remarks

Location Location
  • Directions: From UNCW on the left off Wilshire into Wilshire Townhomes, then veer right, the unit is near the end on the left.
  • Street Number: 993
  • County: New Hanover
  • Latitude: 34.222461
  • Longitude: -77.89603
  • Marketing City: Wilmington

Listed by: Christian A Cardamone from Aloha Wilmington Real Estate.