Five-Duplex Multifamily
For Sale
$185,000
1702 Birchwood Drive SE, Wilson, NC 27893
Five occupied duplexes offered together, with consistent two-bedroom, one-bathroom layouts across the portfolio.
Property Size1,632 SF
Price / SF$113.36
Days on Market388
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Property Features for 1702 Birchwood Drive SE
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi-Family
Zoning
MultiFam/Resid
Occupancy
100%
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$1,362
Amenities
Dining Area
No
Yes
2
Electric
4
Public
0.22
0.0
72 x 131 x 67 x 25 x 108
Brick
Off Street
Slab
City Street,State Road
1632.0
Building Details
Year Built
1982
Buildings
5
Stories
1
Listing Agency:
eXp Realty
(843) 301-0013
Listed By:
Kevin Livingston
(843) 812-1751
Source:
Baystreetrealtygroup
Added: Sep 23, 2025
Changed: Oct 13
Last Checked: Oct 14 at 9:31PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This multifamily offering combines five duplex properties in one package. Each building contains two units, with every unit configured as two bedrooms and one bathroom. The subject property is identified at 1,632 square feet, and the portfolio includes buildings constructed in 1982 and 1983. All units are currently occupied.
The properties are located at 1702, 1703, 1706, 1707, and 1708 Birchwood Dr. SE in Wilson, North Carolina. The addresses provide a defined group of residential income assets within the same street setting, while the shared unit configuration creates consistency across the package.
The properties are located at 1702, 1703, 1706, 1707, and 1708 Birchwood Dr. SE in Wilson, North Carolina. The addresses provide a defined group of residential income assets within the same street setting, while the shared unit configuration creates consistency across the package.
Key Highlights
- Five duplex properties offered as one package
- Each duplex contains two 2BR/1BA units
- All units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,315
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,300
$266.3K
Cap Rate 7%
$190,214
$190.2K
Cap Rate 9%
$147,944
$147.9K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$20.6K $12.60/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$19.0K $11.66/SF
− OpEx
−$5.7K −$3.50/SF
NOI
$13.3K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,300
Cap Rate 7%
$190,214
Cap Rate 9%
$147,944
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.4K – $221.9K
NOI $13,315 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$176.0K
$154.0K – $205.4K
NOI $12,321 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,419 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Five occupied duplexes offered together, with consistent two-bedroom, one-bathroom layouts across the portfolio.
Where is this duplex located?
The property is located at 1702 Birchwood Drive SE Wilson, NC.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Five duplex properties offered as one package; Each duplex contains two 2BR/1BA units; All units are currently occupied
