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993 Downey Branch Lane, Wilmington, NC 28403 ACTIVE 1 of 30 993 Downey Branch Lane, Wilmington, NC 28403 — photo 2 993 Downey Branch Lane, Wilmington, NC 28403 — photo 3 993 Downey Branch Lane, Wilmington, NC 28403 — photo 4 993 Downey Branch Lane, Wilmington, NC 28403 — photo 5
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Active
$279,500 Est. $2,176/mo — Get pre-qualified
3beds 3baths 1,274sq ft 0.02acres

993 Downey Branch Lane · Wilmington, NC 28403

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Income-producing investment opportunity -- freshly renovated 3-bedroom, 3-full-bath townhouse in the heart of midtown Wilmington, now leased through September 2027. With a private en suite bath for every bedroom, a genuine rarity at this price, this two-story, 1,274-square-foot home lives like a true residence, not a flat apartment box. Tucked minutes from UNCW, a short drive to Wrightsville Beach, and within easy reach of historic downtown Wilmington, and located in one of the area's most sought-after school districts.

Just refreshed throughout: new paint, all-new hardware, new kitchen appliances and countertops, and updated LVP flooring. That en suite-for-every-bedroom layout delivers rare flexibility and strong rental appeal, and with a long-term tenant already in place, this one cash-flows from day one -- no lease-up risk, no vacancy gap. Ideal for an investor looking for turnkey income, or a buyer planning ahead for a future move-in once the lease ends. Enjoy assigned parking directly in front of the unit, plus an HOA that handles all exterior maintenance, including the roof, for genuinely low-maintenance ownership. The HVAC is approximately six years old.

A rare combination of location, layout, and immediate income. Schedule your showing today.

Features & Amenities

Living Area1,274 Sq.Ft.
Bedrooms3
Baths3
HeatingHeat Pump, Electric, Forced Air
CoolingCentral Air, Heat Pump
FlooringLVT/LVP, Tile
FireplaceNo
StyleTownhouse
Year Built2005
ConstructionBrick Veneer, Wood Frame
RoofShingle
FoundationSlab
ParkingOff Street, On Site, Paved
StatusActive
Lot Size0.02 Acres
SubdivisionWilshire Townhouses
CountyNEW HANOVER
Last UpdatedOct 9, 2026
UtilitiesSewer Available, Water Available
Water SourcePublic
HOAYes — $3,000 / year
HOA ManagementWilshire Townhomes Owners Association
ElementaryWinter Park Elementary School
MiddleWilliston Middle School
HighHoggard High School
Presented By: Aloha Wilmington Real Estate; christiancardamone@gmail.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Walk Score®
61
Somewhat Walkable
Bike Score®
59
Bikeable
Transit Score®
37
Some Transit

Walk Score®, Bike Score® and Transit Score® provided by Walk Score.

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 9, 2026 Price Reduced $284,900 → $279,500 ▾ $5,400 (1.9%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 9, 2026