Exceptional Investment Opportunity in Downtown Wilmington!
Unlock the potential of 805, 807, 809, and 811 Gerdes Alley! This property features two duplex buildings with a total of four updated 2-bedroom, 1-bathroom units—perfectly situated in the vibrant heart of Wilmington.
Property Highlights:
Four Modern Units: Each thoughtfully updated for comfort and style
Convenient Amenities: All units include a washer/dryer and dedicated storage room
Off-Street Parking: Ensures ease of access for residents and guests
Expansion Potential: Opportunity to add additional units for increased income!
Whether you're a seasoned investor or looking to start your portfolio, this property offers a fantastic return in a desirable location.
Sold for $679,900
$679,900
811 Gerdes Alley, Wilmington, NC 28401
8beds
4baths
2,488sqft
Quadruplex
Built in 1985
-- sqft lot
$670,000 Zestimate®
$273/sqft
$1,669 Estimated rent
Home value
$670,000
$616,000 - $724,000
$1,669/mo
Zestimate® history
Owner options
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$1,669/mo
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$1,669/mo
Rent Zestimate®
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$3,943/mo
Est. payment
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$3,943/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Cedric S Robinson 910-233-0040,
RE/MAX Executive,
Angie M Robinson 910-232-6500,
RE/MAX Executive
Bought with:
Jennifer Richardson Real Estate
Berkshire Hathaway HomeServices Carolina Premier Properties
Jennifer Richardson, 302135
Berkshire Hathaway HomeServices Carolina Premier Properties
Source: Hive MLS,MLS#: 100470498
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall Furnace, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: In Kitchen
Features
- Master Downstairs
- Flooring: Concrete, Tile
- Basement: None
- Attic: Access Only
- Has fireplace: No
Interior area
- Total structure area: 2,488
- Total interior livable area: 2,488 sqft
Property
Parking
- Parking features: On Site
Accessibility
- Accessibility features: None
Features
- Stories: 1
- Patio & porch: None
- Pool features: None
- Fencing: Back Yard
- Waterfront features: None
Lot
- Size: 0.29 Acres
Details
- Parcel number: R05410019023000
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1985
Community & HOA
Community
- Subdivision: Downtown
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $273/sqft
- Tax assessed value: $365,800
- Annual tax amount: $3,182
- Date on market: 10/11/2024
- Cumulative days on market: 23 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Sold | $679,900-2.7%$273/sqft |
Source:  Hive MLS #100470498 Report a problem | ||
| 11/2/2024 | Contingent | $699,000$281/sqft |
Source: Hive MLS #100470498 Report a problem | ||
| 10/11/2024 | Listed for sale | $699,000+118.4%$281/sqft |
Source: Hive MLS #100470498 Report a problem | ||
| 11/12/2021 | Sold | $320,000-3%$129/sqft |
Source: Hive MLS #100291167 Report a problem | ||
| 9/24/2021 | Pending sale | $330,000$133/sqft |
Source: Hive MLS #100291167 Report a problem | ||
| 9/17/2021 | Listed for sale | $330,000+87.5%$133/sqft |
Source: Hive MLS #100291167 Report a problem | ||
| 4/12/2018 | Sold | $176,000+0.6%$71/sqft |
Source: Public Record Report a problem | ||
| 3/9/2018 | Pending sale | $175,000$70/sqft |
Source: Owen Metts Realty #100096536 Report a problem | ||
| 3/5/2018 | Listed for sale | $175,000$70/sqft |
Source: Owen Metts Realty #100096536 Report a problem | ||
| 1/20/2018 | Pending sale | $175,000$70/sqft |
Source: Owen Metts Realty #100096536 Report a problem | ||
| 1/18/2018 | Listed for sale | $175,000$70/sqft |
Source: Owen Metts Realty #100096536 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,906 +22.7% | $663,700 +81.4% |
| 2024 | $3,182 +3% | $365,800 |
| 2023 | $3,091 -15.5% | $365,800 -15% |
| 2022 | $3,658 -0.7% | $430,400 |
| 2021 | $3,683 +201.2% | $430,400 +270.7% |
| 2020 | $1,223 | $116,100 |
| 2019 | $1,223 | $116,100 |
| 2018 | $1,223 | $116,100 |
| 2017 | $1,223 +11.7% | $116,100 +17.5% |
| 2016 | $1,095 +4.6% | $98,800 |
| 2015 | $1,046 +4.4% | $98,800 |
| 2014 | $1,002 | $98,800 |
| 2013 | -- | $98,800 |
| 2012 | -- | $98,800 -29.9% |
| 2011 | -- | $140,846 |
| 2010 | -- | $140,846 |
| 2009 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $124,572 |
| 2004 | -- | $124,572 |
| 2003 | -- | $124,572 |
| 2002 | -- | $124,572 |
| 2001 | -- | $124,572 |
| 2000 | -- | $124,572 |
Find assessor info on the county website
Neighborhood: Dry Pond/Lake Forest
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Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.3 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.3 mi
- 3/10New Hanover HighGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Snipes
- Middle: Williston
- High: Hoggard
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
$670,000
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
$670,000
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