Occupied Duplex
1703 Birchwood Drive SE Wilson, NC 27893
For Sale
$185,000
MULTI_FAMILY - Wilson, NC
Property Size1,632 SF
Lot Size0.21 Acres
Price / SF$113.36
Days on Market306
Property Features for 1703 Birchwood Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MultiFam/Resid
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
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, Wood Frame
Roof type
Composition
Listing Agency:
Chesson Realty
(252) 291-3600
Listed By:
Cec Hottovy · License #272222
(252) 290-0367
Added: Sep 25, 2025
Changed: Jul 18
Last Checked: Jul 27 at 6:06PM
MLS# 100532555
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.
Investment Insights
Based on property information with market context.
This for-sale duplex features two units, each offering 2 bedrooms and 1 bathroom. Combined across both units, the property provides 4 bedrooms and 2 bathrooms total. The duplex falls within a broader investment package that includes a total of five duplexes being sold together, and photos for each property are provided.
The duplex at 1703 Birchwood Drive SE was built in 1982 and is currently occupied. It is offered as part of the multi-property bundle that also includes additional duplex addresses on Birchwood Drive, with construction dates noted across the package.
Zoning is listed as MultiFam/Resid, aligning the property with multi-family residential use.
The duplex at 1703 Birchwood Drive SE was built in 1982 and is currently occupied. It is offered as part of the multi-property bundle that also includes additional duplex addresses on Birchwood Drive, with construction dates noted across the package.
Zoning is listed as MultiFam/Resid, aligning the property with multi-family residential use.
Key Highlights
- Duplex totals 4 bedrooms and 2 bathrooms across both units (each unit is 2BR/1BA).
- Part of a package sale of five duplexes (1702–1708 Birchwood Dr.), with each unit currently occupied.
- Built in 1982 (with nearby duplexes built in 1982–1983) and features brick and wood‑frame construction.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| 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 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2BR/1BA units, totaling 4BR/2BA, currently occupied and available in a five-duplex package sale.
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: Duplex totals 4 bedrooms and 2 bathrooms across both units (each unit is 2BR/1BA).; Part of a package sale of five duplexes (1702–1708 Birchwood Dr.), with each unit currently occupied.; Built in 1982 (with nearby duplexes built in 1982–1983) and features brick and wood‑frame construction.
