Wilson Duplex Investment
1703 Birchwood Drive SE, Wilson, NC 27893
MULTI_FAMILY - Wilson, NC
Property size:
1,632 SFLot size:
0.21 AcresPrice / SF:
$116/SF- Added:
- Sep 25, 2025
- Days on Market:
- 240
- Last Refresh:
- May 22 at 3:06 am
Property Features for 1703 Birchwood Drive SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MultiFam/Resid
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 3721-73-2600.000
- Size
- 1,632 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 1703 BIRCHWOOD DR SE L30S2 SPRINGFIELD 1.00LT
- Tax Annual Amount
- 1283
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agent Cec Hottovy License #272222 (252) 290-0367
Listing office Chesson Realty 2403 W Nash St, Wilson, NC (252) 291-3600
Listing date Sep 25, 2025
MLS# 100532555
Listing URL
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Investment opportunity to acquire 5 duplexes as a package.
- Each duplex unit has 2 bedrooms and 1 bathroom.
- All units are currently occupied, providing immediate rental income.
- Constructed with durable brick exterior.
- Equipped with central air conditioning and forced air/electric heating.
- Off‑street parking available.
Overview
This duplex, featuring two bedrooms and one bathroom in each unit (totaling four bedrooms and two bathrooms), is offered as part of a larger investment opportunity that includes a package of five duplexes. Built in 1982, this property is situated on a lot of approximately 0.21 acres. The property contains 1,632 square feet of space and is currently occupied. The properties included in this investment opportunity are: 1702 Birchwood Dr., 1703 Birchwood Dr., 1706 Birchwood Dr., 1707 Birchwood Dr., and 1708 Birchwood Dr. The zoning is MultiFam/Resid. Located in Wilson, NC, this property presents an opportunity to expand or update an investment portfolio.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$147.9K
NOI $13,315 @ 9.00% cap · cautious / downside scenario
Moderate
$190.2K
NOI $13,315 @ 7.00% cap · market / base-case scenario
Aggressive
$266.3K
NOI $13,315 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $12.60 |
| − Vacancy | −$1.5k | −$0.95 |
| EGI | $19.0k | $11.66 |
| − OpEx | −$5.7k | −$3.50 |
| NOI | $13.3k | $8.16 |
1,632 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$190.2K
$166.4K – $221.9K
NOI $13,315 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$176.0K
$154.0K – $205.4K
NOI $12,321 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,419 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wilson
- County
- Wilson
- State
- North Carolina
- Longitude
- -77.8978716
- Latitude
- 35.7057473
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-bedroom duplex in Wilson, NC, part of a five-property package.
Where is this duplex located?
The property is located at 1703 Birchwood Drive SE Wilson, NC.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Investment opportunity to acquire 5 duplexes as a package.; Each duplex unit has **2 bedrooms and 1 bathroom.**; All units are currently occupied, providing immediate rental income.
