Joey Court Apartments is a stabilized, 18 unit complex that is made up eight duplexes and two single unit buildings. With the exception of one unit, all of the buildings were recently built in 2007. The asset has performed extremely well with a historical occupancy of roughly 92% to 95% and minimal turnover.
Multi-familyProperty Type
1956Year Built
5.33 acresLot Size
$98Price/Sq.Ft.
Listed by Elizabeth Smith• Cape Fear Commercial, LLC
Bought with Paul Loukas• Cape Fear Commercial, LLC
Great Potential to subdivide/develop. Combine with ML# 321649. These two tracks total 12.25 acres. Can be purchased separately or combined. This tract includes a home which is currently leased. Call listing agents for details.
Hive MLS #30303452
Jul 17, 2003
Listing Removed
—
May 11, 2002
Listed
$285,000
$24/sq ft
Hive MLS #30303454
Nov 11, 2002
Listing Removed
—
May 11, 2002
Listed
$325,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,002 (−13.8%)
$432,200 + $1,890,800
$2,323,000
2024
$8,121 (+0.6%)
$432,200 + $1,890,800
$2,323,000
2023
$8,071 (−0.9%)
$228,200 + $1,206,700
$1,434,900
2022
$8,143 (+2.2%)
$228,200 + $1,206,700
$1,434,900
2021
$7,964 (+12.2%)
$228,200 + $1,206,700
$1,434,900
2020
$7,095
$228,200 + $1,206,700
$1,434,900
2019
$7,095
$226,100 + $895,700
$1,121,800
2018
$7,095 (−2.3%)
$226,100 + $895,700
$1,121,800
2017
$7,264 (−3.6%)
$226,100 + $895,700
$1,121,800
2016
$7,534 (+7.6%)
$226,100 + $895,700
$1,121,800
2015
$7,002 (+1.7%)
$226,500 + $860,800
$1,087,300
2014
$6,882
$226,500 + $860,800
$1,087,300
Tax history for 7408 Myrtle Grove Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,002 (−13.8%)
$432,200 + $1,890,800
$2,323,000
2024
$8,121 (+0.6%)
$432,200 + $1,890,800
$2,323,000
2023
$8,071 (−0.9%)
$228,200 + $1,206,700
$1,434,900
2022
$8,143 (+2.2%)
$228,200 + $1,206,700
$1,434,900
2021
$7,964 (+12.2%)
$228,200 + $1,206,700
$1,434,900
2020
$7,095
$228,200 + $1,206,700
$1,434,900
2019
$7,095
$226,100 + $895,700
$1,121,800
2018
$7,095 (−2.3%)
$226,100 + $895,700
$1,121,800
2017
$7,264 (−3.6%)
$226,100 + $895,700
$1,121,800
2016
$7,534 (+7.6%)
$226,100 + $895,700
$1,121,800
2015
$7,002 (+1.7%)
$226,500 + $860,800
$1,087,300
2014
$6,882
$226,500 + $860,800
$1,087,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
1
Lot width
—
Lot depth
—
Lot size
5.22 Acres
Year renovated
1977
Sq. Ft.
1,290
Year built
1956
Style
Multi-Family (2-4 Unit)
County
New Hanover County
APN
R08200-002-055-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 17, 2026.
R-15
Residential-15 District
The purpose of the Residential-15 (R-15) District is established to provide lands that accommodate very low to low density residential development that can serve as a transition between very low density residential development patterns and smaller lot, more dense residential areas of the County. District regulations discourage development that substantially interferes with the quiet residential and recreational nature of the district.
Property details
Interior
Multi-Unit Information
Number Of Units In Community: 18
Exterior
Building Information
Building Area Total: 11,779
Lot Information
Lot Size Acres: 5.33
Location
School Information
Elementary School: Anderson
Middle Or Junior School: Murray
High School: Ashley
High School District: New Hanover
Location Information
Directions: Located directly off of Myrtle Grove Road, near the intersection of Myrtle Grove and Carolina Beach Road/Highway 421.
Public facts
Beds: 3
Baths: 1.5
Sq. Ft.: 1,290
Stories: 1.0
Lot Size: 5.22 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1956
Year Renovated: 1977
County: New Hanover County
APN: R08200-002-055-000
Home facts updated by county records on Jul 17, 2026
Around this home
Schools
Edwin A. Anderson Elementary
Public K-5 • Assigned • 1.4mi
10/10
Charles P Murray Middle
Public 6-8 • Assigned • 1.1mi
7/10
Eugene Ashley High
Public 9-12 • Assigned • 1.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wilmington, NC • 28409
Average low and high temperatures (°F)
53
35
58
40
70
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76
58
80
65
88
73
90
78
85
72
81
69
74
58
69
51
58
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 5.7 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
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