Single Family Residence at 442 Cape Fear Boulevard, Wilmington, NC 28401
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18 photos

$255,000

442 Cape Fear Boulevard, Wilmington, NC 28401
Wilmington, NC 28401
Listed by Reese Coley · ERA Live Moore
Bedrooms
3
Bathrooms
2
Living area
850 sqft
Year built
1951

About this home

INSTANT CASH FLOW OPPORTUNITY! Income-producing property with a unique setup and strong rental history. The house has been split into a 2-bedroom, 1-bath unit and a studio with a single NP bathroom. Since the split, the property has generated over $3,000 per month in rental income. Conveniently located in Wilmington, this property offers an excellent opportunity for investors, house hackers, or buyers looking for multiple income streams from one property. The flexible layout provides the potential for continued rental income while offering versatility for future use. Please ask agent to review agent remarks for additional details regarding the property and rental setup.

Property details

MLS
Hive MLS
MLS #
100595407
Property type
Single Family Residence
Subdivision
South Wilmington Place
Status
Active
Days on market
69
On market date
October 1, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
2
Lot size
0.27 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Dr John Codington Elem
2.12 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
454
Student:teacher ratio
15.1:1
District
New Hanover County Schools
Middle
Williston Middle
2.6 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
698
Student:teacher ratio
12.7:1
District
New Hanover County Schools
High
Isaac M Bear Early College High School
3.71 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
230
Student:teacher ratio
23.0:1
District
New Hanover County Schools

Walkability

Blended score for Wilmington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

83
Highly walkable
out of 100
EPA National Walkability Index
16.5 / 20 -- Most walkable

Market position

How this listing compares to current activity in Wilmington, from live MLS data.

On the market 69 days -- 31 fewer days than Wilmington's current average of 100 days.
For reference, the median list price across 1,428 active listings in Wilmington right now is $419,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,686/mo
$51,000 down
$204,000 loan
Principal & interest$1,323
Property tax (est.)$213
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 10 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.