Multi Family Investment Properties for Sale in Wilmington, NC

Wilmington's multifamily market is experiencing a pivotal transition as new supply growth moderates and demand remains positive. With construction starts declining sharply from 2,800 units in 2023 to under 300 units annually, vacancy rates are expected to gradually decline, creating upward pressure on rents. The market offers strong fundamentals with median multifamily prices around $210,000 per unit—approximately $30,000 above the national average—while tourism-driven demand and population growth support long-term rental yield potential. Institutional and private investors are increasingly active, with transaction volume exceeding $333 million over the past 12 months.