Introducing one of the most unique investment offerings on Wrightsville Beach. Located just steps from the sand, 12 Nathan Street features six grandfathered rental units on a valuable 50x90 R2-zoned lot.
The property includes:
Four 1-bedroom units in the main house
Two 2-bedroom units in a detached accessory dwelling unit (ADU)
All six units are currently leased at strong rental rates, providing immediate cash flow. Detailed financials are available upon request.
This is a unique opportunity to:
Renovate and reposition the property as a high-yield short-term rental portfolio, capitalizing on Wrightsville Beach's thriving vacation market
Or, for developers, redevelop the lot into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel
Short-term rental projections available from MiraMar Vacation Rentals upon request. Opportunities of this scale and flexibility are seldom available in Wrightsville Beach"”don't miss your chance to invest in one of North Carolina's most desirable beach communities.
Property Type(s):
Multi Family
|
Last Updated
|
6/14/2025
|
Tract
|
Not In Subdivision
|
|
Year Built
|
1941
|
County
|
New Hanover
|
SCHOOLS
| Elementary School |
Wrightsville Beach |
| Jr. High School |
Noble |
| High School |
Hoggard |
Additional Details
| AIR |
Ceiling Fan(s), Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Asbestos, Block |
| HEAT |
Forced Air, Propane |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
4792 sq ft |
| LOT DIMENSIONS |
95x50 |
| PARKING |
Gravel, Aggregate |
| STORIES |
2 |
| SUBDIVISION |
Not In Subdivision |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Ocean |
Location
Listed with Cadence Realty Corporation
Copyright 2025 Hive MLS. All rights reserved. Hive MLS, provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Hive MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Hive MLS.
This IDX solution is (c) Diverse Solutions 2025.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email