Townhouse at 993 Downey Branch Lane, Wilmington, NC 28403
1 photo

$279,500

993 Downey Branch Lane, Wilmington, NC 28403
Wilmington, NC 28403
Listed by Christian A Cardamone · Aloha Wilmington Real Estate
Bedrooms
3
Bathrooms
3
Living area
1,274 sqft
Year built
2005

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.

Property details

MLS
Hive MLS
MLS #
100584660
Property type
Townhouse
Subdivision
Wilshire Townhouses
Status
Active
Days on market
178
On market date
June 26, 2026
Stories
N/A
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.02 acres
Loading map…

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
4.05 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
2.32 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
0.86 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 178 days -- 78 more 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.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$1,833/mo
$55,900 down
$223,600 loan
Principal & interest$1,450
Property tax (est.)$233
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 22 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.