106 N Water Street #907, Wilmington, NC 28401

Local realty services provided by:ERA Strother Real Estate
106 N Water Street #907,Wilmington, NC 28401
$399,000
  • 1 Beds
  • 1 Baths
  • 585 sq. ft.
  • Condominium
  • Active
Listed by:david and francisca oller team
Office:intracoastal realty corporation
MLS#:100533151
Source:NC_CCAR

Price summary

  • Price:$399,000
  • Price per sq. ft.:$682.05

About this home

TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays. Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential. Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently

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Home facts

  • Year built:2000
  • Listing ID #:100533151
  • Added:2 day(s) ago
  • Updated:September 29, 2025 at 10:51 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:585 sq. ft.

Heating and cooling

  • Heating:Electric, Heat Pump, Heating

Structure and exterior

  • Roof:Flat
  • Year built:2000
  • Building area:585 sq. ft.

Schools

  • High school:New Hanover
  • Middle school:Williston
  • Elementary school:Snipes

Utilities

  • Water:Municipal Water Available, Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$399,000
  • Price per sq. ft.:$682.05
  • Tax amount:$2,443 (2025)
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