MLS# 100533151 – 106 N Water Street Unit 907, Wilmington, NC 28401

$399,000 - 1Br/1Ba - for Sale in Water Street Center Condo, Wilmington
Price: $399,000
Beds: 1
Baths: 1
Living Area SqFt: 585
Status: Active
Property Type: Condominium
Year Built: 2000
Neighborhood: Water Street Center Condo
Days on Website: 21

Courtesy of David and Francisca Oller Team, Intracoastal Realty Corporation

Property Description

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 highlight comfort, views, and location.Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.

Open House

Property Details and Features

  • Property Access
  • Road Type/Frontage: Public (City/Cty/St)
  • Appliances & Equipment
  • Built-In Microwave
  • Washer
  • Dryer
  • Refrigerator
  • Electric Oven
  • Attic Information
  • None
  • Basement
  • None
  • Bathrooms
  • 1 total bathroom
  • 1 full bathroom
  • Bedrooms
  • 1 bedroom
  • Building
  • Heated SqFt Range: 400 – 599
  • 585 heated sqft
  • Built in 2000
  • 1 story
  • 3 rooms
  • Construction: Concrete,Wood Frame
  • Porch/Balcony/Deck: Balcony,Covered
  • Stories/Levels: 4th Floor or Higher Unit
  • Cooling
  • Heat Pump
  • Dining Room
  • Dining Room Type: Combination
  • Exterior Features
  • Exterior Finish: Brick,Brick Veneer
  • Fence
  • None
  • Fireplaces
  • None
  • Floors
  • LVT/LVP
  • Foundation
  • Slab
  • Garage
  • Garage & Parking: Other – See Remarks: Owner – 1st Come/1st
  • Garage & Parking: Owner – 1st Come/1st
  • Water Features
  • Electric
  • Heating
  • Heat Pump
  • Home Owner’s Association
  • HOA
  • HOA Amenities: Cable TV,Termite Bond,Water,Trash,Sidewalk,Pest Control,Sewer,Roof Maintenance,Maint – Comm Areas,Master Insure,Management,Maintenance Structure,Maint – Grounds,Elevator(s),Flood Insurance
  • Interior Features
  • Blinds/Shades
  • Elevator
  • Kitchen Island
  • High Ceilings
  • Furnished
  • Ceiling Fan(s)
  • Laundry
  • Laundry Location: Laundry Closet
  • Listing
  • Listed on 2025-09-27
  • Construction Type: Stick Built
  • List Price/SqFt: $682
  • Terms: Cash,Conventional
  • Location
  • County: New Hanover
  • Zip Code: 28401
  • Latitude: 34.237101
  • Longitude: -77.949952
  • Subdivision: Water Street Center Condo
  • City Limits: Yes
  • Lot
  • Lot Water Features: None
  • Parking
  • Lighted
  • Off Street
  • Parking Lot
  • On Site
  • Pool
  • None
  • Possession
  • At Closing
  • Subject To Tenant Rights
  • Property
  • Zoning: CBD
  • Waterview
  • Roof
  • Flat
  • Additional Rooms
  • Rooms: Kitchen,Master Bedroom,Living Room
  • Schools
  • School District: New Hanover
  • Taxes
  • Tax Assessed Value: $382,700
  • Property Taxes: $2,444
  • City Tax Rate: 6607
  • Tax Year: 2025
  • Utilities
  • Sewer Connected
  • Water Connected
  • Electric Provider: Duke Progress Energy
  • Sewer Provider: Cape Fear Public Utility Authority
  • Water Provider: Cape Fear Public Utility Authority

Property Map

$399,000 – 106 N Water Street Unit 907, Wilmington, NC 28401

Street View

Nearby Schools

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