Investor Opportunity - Fully Leased Duplex
206 Clay Street presents an excellent opportunity for investors seeking a property with immediate rental income. This well-maintained duplex features two units, each offering 2 bedrooms, 1 bathroom, and a spacious living area that provides comfortable layouts for tenants.
Recent updates enhance the property's value, including LVP flooring installed in 2023 and a new roof installed August 2025, offering peace of mind for years to come.
Both units are currently occupied by long-term tenants, making this an ideal addition to any investment portfolio. Conveniently located near local amenities, schools, and transportation, this property is well-positioned for continued rental demand.
Bonus Investment Potential: The adjacent tri-plex at 212 Clay Street (MLS ID 100524356) is also available and can be purchased as a package for increased rental income and portfolio growth.
Please allow 24 hours' notice for all showing requests.
Sold for $325,000
$325,000
206 Clay Street, Wilmington, NC 28405
4beds
2baths
1,872sqft
Duplex
Built in 2002
-- sqft lot
$320,600 Zestimate®
$174/sqft
$1,425 Estimated rent
Home value
$320,600
$298,000 - $346,000
$1,425/mo
Zestimate® history
Owner options
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$1,425/mo
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$1,425/mo
Rent Zestimate®
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$1,882/mo
Est. payment
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$1,882/mo
Est. payment
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Comfortable layouts for tenants
Zillow last checked:
Listing updated:
Listed by:
Brandon Edens 910-583-4445,
REAL Broker LLC
Bought with:
Aimee & Co.
REAL Broker LLC
Source: Hive MLS,MLS#: 100524348
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Dining room
- Features: Eat-in Kitchen
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Laundry: Dryer Hookup, Washer Hookup, Hookup - Dryer
Features
- Ceiling Fan(s), Blinds/Shades
- Flooring: LVT/LVP, Tile
- Basement: None
- Attic: Access Only
- Has fireplace: No
Interior area
- Total structure area: 1,872
- Total interior livable area: 1,872 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, On Site
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: None
Lot
- Size: 9,496 Square Feet
- Dimensions: 94.97 x 99.78 x 95.16 x 99.78
Details
- Parcel number: R04913014001000
- Zoning: R-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding, Wood Frame
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Ridgecrest
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $309,100
- Annual tax amount: $1,819
- Date on market: 8/11/2025
- Cumulative days on market: 13 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $325,000-7.1%$174/sqft |
Source:  Hive MLS #100524348 Report a problem | ||
| 8/23/2025 | Pending sale | $350,000$187/sqft |
Source: Hive MLS #100524348 Report a problem | ||
| 8/11/2025 | Listed for sale | $350,000$187/sqft |
Source: Hive MLS #100524348 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,819 -9.9% | $309,100 +33.2% |
| 2024 | $2,019 +3% | $232,100 |
| 2023 | $1,961 -0.6% | $232,100 |
| 2022 | $1,973 -0.7% | $232,100 |
| 2021 | $1,986 +81.5% | $232,100 +123.4% |
| 2020 | $1,094 | $103,900 |
| 2019 | $1,094 | $103,900 |
| 2018 | $1,094 | $103,900 |
| 2017 | $1,094 -13.5% | $103,900 -9% |
| 2016 | $1,265 +4.6% | $114,200 |
| 2015 | $1,209 +4.4% | $114,200 |
| 2014 | $1,158 | $114,200 |
| 2013 | -- | $114,200 |
| 2012 | -- | $114,200 -41.7% |
| 2011 | -- | $196,002 |
| 2010 | -- | $196,002 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $107,837 |
| 2004 | -- | $107,837 |
| 2003 | -- | $107,837 +562.7% |
| 2002 | -- | $16,272 +97.9% |
| 2001 | -- | $8,222 |
| 2000 | -- | $8,222 |
Find assessor info on the county website
Neighborhood: Old East Wilmington
Nearby homes
- $411,9005 bd3 ba1.9k sqft215 Clay St, Wilmington, NC 28405Off Market
- $192,9002 bd1 ba1k sqft117 Henry St, Wilmington, NC 28405Off Market
- $179,6003 bd2 ba1k sqft201 Henry St, Wilmington, NC 28405Off Market
- $180,8002 bd2 ba1k sqft205 Henry St, Wilmington, NC 28405Off Market
- $425,0007 bd4 ba2.5k sqft212 Clay St, Wilmington, NC 28405Sold
- $194,4003 bd2 ba984 sqft209 Henry St, Wilmington, NC 28405Off Market
- $168,3002 bd1 ba888 sqft113 Henry St, Wilmington, NC 28405Off Market
- $292,5009,147 Square Feet211 Clay St, Wilmington, NC 28405Off Market
Nearby schools
GreatSchools rating
- 3/10Rachel Freeman ElementaryGrades: K-5Distance: 0.6 mi
- 8/10Holly Shelter Middle SchoolGrades: 6-8Distance: 7.5 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Freeman
- Middle: Virgo
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$320,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$320,600
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