Not In Subdivision Homes with Multi Family Property Subtype

Welcome to a hidden gem in North Carolina, where charm meets opportunity! Nestled outside of traditional subdivisions, this unique area offers a refreshing escape from the ordinary. Known simply as “Not In Subdivision,” this locale is perfect for those seeking a blend of tranquility and versatility.

Here, you’ll discover a variety of homes with a multi-family property subtype, making it an ideal choice for investors and families alike. With spacious layouts and thoughtful designs, these properties are perfect for generating rental income or accommodating extended family. Imagine the possibilities of living in one unit while renting out the other, all within the comfort of your own home!

The surrounding landscape is a beautiful tapestry of nature, offering plenty of outdoor activities such as hiking, fishing, and exploring the scenic beauty of North Carolina. The area boasts easy access to local amenities, including shopping, dining, and schools, ensuring you’ll have everything you need just a stone's throw away.

Whether you’re a savvy investor looking to expand your portfolio or a family seeking a welcoming community, “Not In Subdivision” presents an exciting opportunity. With multi-family homes available, you can enjoy the best of both worlds—private living with the potential for shared spaces.

Don’t miss out on the chance to be part of this vibrant area! Explore the possibilities that await you in this extraordinary corner of North Carolina today. Your dream home or investment opportunity is just around the corner!

Newest Not In Subdivision Homes with Multi Family Property Subtype

$2,950,000

100576332 MLS

Unique Investment Opportunity in Carolina Beach One of the only true multi-family properties available in Carolina Beach, this exceptional 7-unit income-producing property is being offered Fully Furnished and Turn Key! Perfectly positioned on the 2nd row, just steps from the beach and within walking distance to the Carolina Beach Boardwalk, restaurants, bars, and local entertainment. This rare turnkey investment offers strong rental income potential while also providing the flexibility to reserve one of the units as a personal beach retreat. This is more than just a property--it's an exceptionally rare opportunity to own one of the most successful and recognized multi-family vacation rental investments on Pleasure Island. With a proven track record in the short-term rental community, this property has consistently performed among the top 1% of listings in the area, earning a loyal following of repeat guests year after year who return specifically for the unique experience and unbeatable location this property offers. The property features two buildings: Front Building: 4 units Three 1-bedroom / 1-bath units One 2-bedroom Loft / 1-bath unit Back Building: 3 units Two 1-bedroom / 1-bath units One spacious 2-bedroom Penthouse Suite featuring ocean and Intracoastal Waterway views The newly constructed rear building includes three large units, highlighted by the impressive penthouse suite. The original front building has been tastefully appointed while preserving its classic beach charm and character. Each fully furnished unit includes: Private full kitchen Inviting indoor living spaces Exceptional outdoor entertainment areas A communal atmosphere guests love Whether you're looking to expand your investment portfolio, operate a high-performing vacation rental property, or secure a one-of-a-kind coastal asset with personal-use flexibility, this property delivers unmatched value and location. Walk to the beach just across the street and enjoy everything Carolina Beach has to offer. Opportunities like this are incredibly rare.

415 Carolina Beach Ave N, Carolina Beach

Listing courtesy of Listing Agent: White Singh & Associates () from Listing Office: Coldwell Banker Sea Coast Advantage-CB.

$649,000

100572520 MLS

Strong cash-flowing mobile home park investment featuring 15 total pads, offering immediate scale and built-in room for future growth. The community currently includes 13 total units (11 income-producing homes plus 1 tenant-owned lot) generating approximately $6,110/month in gross rental income, delivering strong day-one cash flow and stable, consistent monthly revenue. Ideally positioned within driving proximity to both Wilmington, NC and Myrtle Beach, SC, this location benefits from strong regional demand drivers including coastal employment hubs, tourism activity, and ongoing housing shortages, supporting long-term tenant stability and rent growth potential. This turnkey manufactured housing community provides investors with a highly efficient, low-overhead operation where the landlord is responsible for insurance only--no other operating expenses, significantly enhancing net cash flow and simplifying management. The property includes a mix of park-owned and tenant-owned homes with individually metered utilities, allowing tenants to pay their own utility expenses and further maximizing net operating income (NOI). The rent roll is well-established with long-term, reliable tenants, producing a steady and predictable income stream with minimal operational involvement. Additionally, the 15-pad layout provides clear upside potential for future expansion through additional home placements or improved occupancy while maintaining strong in-place cash flow. This mobile home park for sale is ideal for investors seeking stable cash flow, passive income, and long-term appreciation potential without heavy repositioning or redevelopment. The property performs well as-is and represents a straightforward investment in a consistently high-demand segment of the affordable housing market.

102 Chappin St, Chadbourn

Listing courtesy of Listing Agent: Adam Hashem () from Listing Office: East Atlantic Realty LLC.

$3,495,000

100560554 MLS

A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this. Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six homes are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. Every home is fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place. Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request. The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity. For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.

4946 Wrightsville Ave, Wilmington

Listing courtesy of Listing Agent: Gillespie Group () from Listing Office: Carolina One Properties Inc..

$9,950,000

100546013 MLS

Excellent investment opportunity in the downtown Wilmington area. This rental portfolio consists of 54 income-producing units located in close proximity to downtown. Property mix includes 24 apartment-style condo units in two buildings, along with quadplexes, triplexes, duplexes, and single-family homes, offering diversification and stable cash flow. Current annual rental income is approximately $800,000, with documented upside potential to $1,056,000 annually through rent increases and continued stabilization. Seller has completed approximately $600,000 in recent capital improvements throughout the portfolio, providing reduced deferred maintenance and improved operational efficiency. Ideal opportunity for investors seeking to enter the Wilmington rental market or expand an existing portfolio with scale, location, and value-add potential. Financials available upon request.

Lullwater Dr, Wilmington

Listing courtesy of Listing Agent: Jeffrey G Hovis () from Listing Office: Intracoastal Realty Corporation.

$1,299,000

100543390 MLS

8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.

719 Princess St, Wilmington

Listing courtesy of Listing Agent: Jeffrey G Hovis () from Listing Office: Intracoastal Realty Corporation.

$1,500,000

100536239 MLS

Discover this rare, seller financing, investment opportunity just 8 minutes from the Leland Walmart and U.S. Highway 17 — ideally located in one of the fastest-growing corridors in coastal North Carolina. Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month. With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and with 5.93 acres of usable space, an investor could add additional homes and restore the park to its full capacity. The owner currently carries general liability insurance and is responsible for yard maintenance, making this a smooth handoff for new ownership.

1150 Garretts Way Ne, Leland

Listing courtesy of Listing Agent: Adam Hashem () from Listing Office: East Atlantic Realty LLC.

$1,495,000

100478848 MLS

This mobile home park is located in Southport NC only 1.2 miles from the historic downtown waterfront. With two separate parcels totaling approximately 1.79 acres, this park offers 20 rentable spaces and is 100% park owned homes. Neighboring property also for sale adding an additional .14 acres MLS number 100468312. Do not disturb tenants.

1209 N Howe St, Southport

Listing courtesy of Listing Agent: Shelly W Wagner () from Listing Office: Wicker Properties of the Carolinas, Inc..

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