Townhome-Style Multifamily
For Sale
Contact for pricing
103 Brewer Blvd, Warsaw, NC 28398
Lord Duplin Apartments features 82 sub-metered units across 13 townhome-style buildings and one metal workshop/storage building.
Property SizeContact for details
Lot Size7.74 Acres
Days on Market123
Property Features for 103 Brewer Blvd
General Information
Standard status
Active
Lot size
7.74 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
82
Listing Agency:
Marcus & Millichap - Hampton Roads
(919) 710-6400
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
Lord Duplin Apartments is an 82-unit residential income property developed in phases, with the first phase completed in the 1970s and the remaining phases constructed between 1998 and 2013. The community is spread across two contiguous parcels totaling approximately 7.74 acres and includes 13 townhome-style apartment buildings plus one metal workshop/storage building. The property is 100% sub-metered, with tenants paying their own monthly utility expenses. The asset has been well maintained over time, with limited immediate capital expenditure requirements.
The offering provides in-place rental averages for the one- and two-bedroom units of $451 and $571. Historic performance has been supported by high occupancy levels, attributed to extremely affordable rental rates and little to no competition in the sub-market.
The property’s unit mix is served by a townhouse-style configuration, supported by multiple on-site buildings and a dedicated workshop/storage structure.
The offering provides in-place rental averages for the one- and two-bedroom units of $451 and $571. Historic performance has been supported by high occupancy levels, attributed to extremely affordable rental rates and little to no competition in the sub-market.
The property’s unit mix is served by a townhouse-style configuration, supported by multiple on-site buildings and a dedicated workshop/storage structure.
Key Highlights
- 82‑unit multifamily property with 13 townhome‑style apartment buildings plus one metal workshop/storage building
- Two contiguous parcels total +/- 7.74 acres
- Sub‑metered community where tenants pay their own monthly utility expenses (100% sub‑metered)
Property Analytics
Property Profile
Current Use
Lease Details
82
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 28398, NC
6,602
Population
3,004
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
94.2 sq mi
ZIP Area
70
Density / Sq Mi
$45,167
Median Household Income
$31,256
Median Earnings
$833
Median Rent
$86,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Lord Duplin Apartments features 82 sub-metered units across 13 townhome-style buildings and one metal workshop/storage building.
Where is this apartment building located?
The property is located at 103 Brewer Blvd Warsaw, NC.
What are key features of this property?
This property features: 82‑unit multifamily property with 13 townhome‑style apartment buildings plus one metal workshop/storage building; Two contiguous parcels total +/- 7.74 acres; Sub‑metered community where tenants pay their own monthly utility expenses (100% sub‑metered)
