Rental Income

1202 Chestnut Street, Wilmington

$1,450,000

Bedroom 3 bedrooms

  • Listing ID #: 100601133
  • Status: Active Contingent
  • Address: 1202 Chestnut Street, Wilmington, NC 28401
  • Date Listed: 9/3/2026
  • Days on Market: 13
  • Acres: 0.04
  • Stipulations: Standard
  • Subdivision: Castle Dock

Location Location

Agent Comments Agent Comments
Welcome to 1202 The Lofts, a beautifully reimagined 1931 mixed-use building in downtown Wilmington's emerging Soda Pop District. This full-scale renovation blends historic character with modern luxury, preserving original exposed brick, 12-foot ceilings, and oversized doors while introducing energy-efficient systems and high-end finishes, including spa-style porcelain-tile showers and premium fixtures. The property features two boutique one-bedroom apartments, two commercial office suites, and a separate studio apartment, offering a unique combination of residential and professional spaces. The street-facing office provides a large glass entrance and strong visibility, while the rear suite offers a quieter setting. The studio adds flexibility for short-term rental use. A distinctive opportunity for professionals, small businesses, or investors seeking historic charm, modern finishes, and a prime downtown location in one of Wilmington's most exciting revitalizing districts.

Amenities Amenities
  • Electric Oven
  • Built-In Microwave
  • Refrigerator
  • Dishwasher

Additional Features Additional Features
  • County: New Hanover
  • Days on Market: 13
  • Pool: No
  • Property Sub Type: Quadruplex
  • Tax Number: R04818-014-001-000
  • Water/Sewer: Sewer Connected, Water Connected
  • Year Built: 1931
  • Property Type: Rental Income
  • Tax Year: 2025
  • Tax Amount: $2,417.56

Financial Financial
  • Short Sale: Standard

Interior Features Interior Features
  • Cool System: Multi Units
  • Floors: LVT/LVP, Concrete
  • Heat System: Electric, Zoned
  • Interior: High Ceilings, Wash/Dry Connect, Walk-in Shower
  • Levels: Two
  • Heating Fuel: Electric
  • Laundry: Laundry Closet
  • Water Heater: Electric
  • Basement Description: None

Exterior Features Exterior Features
  • Fuel Tanks: None
  • Parking: On Street
  • Roof: Shake,Shingle
  • Siding: Brick, Fiber Cement
  • Is New Construction: No
  • Construction: Brick,Fiber Cement
  • Foundation: Slab
  • Water Source: Public
  • Septic or Sewer: Municipal Sewer,City/Town
  • Water Provider: City/Town
  • Utilities: Sewer Connected,Water Connected
  • Garage Spaces: 0
  • Parking Spaces: 0
  • Fencing: None
  • Exterior: Brick,Fiber Cement
  • Patio/Deck Description: None
  • Zoning: UMX
  • Building Total Area (Sq.Ft): 3215
  • Road Description: Paved
  • Road Improvements: See Remarks
  • View Description: See Remarks

Location Location
  • Directions: Market St West towards town. Right on 12th Street to corner of 12th and Chestnut St. Property at corner.
  • Street Number: 1202
  • County: New Hanover
  • Latitude: 34.238576
  • Longitude: -77.934227
  • Subdivision: Castle Dock
  • Marketing City: Wilmington

Listed by: The Rising Tide Team from Intracoastal Realty Corporation.