Occupied Two-Unit
For Sale
$185,000
1703 Birchwood Drive SE, Wilson, NC 27893
The property contains two residential units with a combined four bedrooms and two bathrooms.
Property Size1,632 SF
Price / SF$113.36
Days on Market386
Property Features for 1703 Birchwood Drive SE
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi-Family
Zoning
MultiFam/Resid
Occupancy
100%
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$1,282
Amenities
Dining Area
No
Yes
2
Electric
4
Public
0.21
0.0
68 x 132 x 68 x 132
Brick
Off Street
Slab
City Street,State Road
1632.0
Building Details
Year Built
1982
Buildings
5
Stories
1
Listing Agency:
Brown Properties of NC, Inc
(843) 301-0013
Listed By:
Beth Bohmert
(843) 575-2152
Source:
Baystreetrealtygroup
Added: Sep 25, 2025
Changed: Oct 15
Last Checked: Oct 14 at 8:56PM
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 Brown Properties of NC, Inc
Investment Insights
Based on property information with market context.
This duplex comprises two residential units, each configured with two bedrooms and one bathroom. Together, the units provide four bedrooms and two bathrooms within 1,632 square feet. The property was built in 1982 and is currently occupied.
The offering is part of a five-duplex package that includes 1702 Birchwood Dr., 1703 Birchwood Dr., 1706 Birchwood Dr., 1707 Birchwood Dr., and 1708 Birchwood Dr. Four of the duplexes were built in 1982, while the property at 1707 Birchwood Dr. and the property at 1708 Birchwood Dr. were built in 1983. Each duplex has the same two-bedroom, one-bathroom unit configuration, and all units across the package are occupied.
The offering is part of a five-duplex package that includes 1702 Birchwood Dr., 1703 Birchwood Dr., 1706 Birchwood Dr., 1707 Birchwood Dr., and 1708 Birchwood Dr. Four of the duplexes were built in 1982, while the property at 1707 Birchwood Dr. and the property at 1708 Birchwood Dr. were built in 1983. Each duplex has the same two-bedroom, one-bathroom unit configuration, and all units across the package are occupied.
Key Highlights
- Two‑unit duplex with 4BR/2BA total
- 1,632 square feet of property size
- Built in 1982
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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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
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Frequently Asked Questions
What type of property is this?
Duplex - The property contains two residential units with a combined four bedrooms and two bathrooms.
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 $185,000.
What are key features of this property?
This property features: Two‑unit duplex with 4BR/2BA total; 1,632 square feet of property size; Built in 1982
