993 Downey Branch Lane Wilmington, NC 28403 · Wilshire Townhouses

About this home

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.

Facts

Type

Townhouse

Year built

2005

HOA

$3,000 / annually

Community

Wilshire Townhouses

County

New Hanover

Price per sq ft

$219

Stories

2

Construction

Brick Veneer, Wood Frame

Roof

Shingle

Foundation

Slab

Water

Public

Property tax

$1,602 / year (2025)

Listed

Jun 26, 2026

MLS #

100584660

Features

Directions to 993 Downey Branch Lane

From UNCW on the left off Wilshire into Wilshire Townhomes, then veer right, the unit is near the end on the left.

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About 993 Downey Branch Lane

993 Downey Branch Lane is a 3-bedroom, 3-bath townhome of about 1,274 square feet, built in 2005 in Wilshire Townhouses, Wilmington, New Hanover County, NC 28403.

At $279,500, it's 30% below the median asking price ($399,950) of the 478 other 3-bedroom listings for sale in Wilmington today.

That's about $219 per square foot, compared with a Wilmington median asking price of $262 per square foot.

Across ZIP 28403, 209 3-bedroom homes sold in the past year at a median of $423,000.

It has been on the market for 130 days.

Area figures are broad context from the MLS, not a valuation — they don't adjust for condition, lot, views or updates. Ask us for a true comparison.

Wilshire Townhouses neighborhood guideHomes for sale in WilmingtonNew Hanover County homes

Buying 993 Downey Branch Lane

1. See it in person. Pick a time and we'll call to confirm — often same day. Schedule a tour
2. See the cost of waiting. What waiting could cost you on this home, and what it could look like 10 years from now, using today's national rate and 20 years of home price history. See the Cost of Waiting
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