Occupied Duplex Investment
For Sale
$185,000
1708 Birchwood Drive SE, Wilson, NC 27893
Two-unit property offered within a five-duplex package, with both units currently occupied.
Property Size2,064 SF
Price / SF$89.63
Days on Market376
Property Features for 1708 Birchwood Drive SE
General Information
Standard status
Active
Size
2,064 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
$1,632
Amenities
Dining Area
No
Yes
2
Electric
6
Public
0.21
0.0
68 x 132 x 68 x 132
Brick
Off Street
Slab
City Street,State Road
2064.0
Building Details
Year Built
1982
Buildings
5
Stories
1
Listing Agency:
Keller Williams Innovate-Wilmington
(912) 233-6000
Listed By:
Lacey Boyn
Source:
Baystreetrealtygroup
Added: Sep 25, 2025
Changed: Oct 1
Last Checked: Oct 4 at 7:39AM
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 Keller Williams Innovate-Wilmington
Investment Insights
Based on property information with market context.
The property at 1708 Birchwood Drive SE is a duplex with two residential units. Each unit includes two bedrooms and one bathroom, providing a combined configuration of four bedrooms and two bathrooms. Both units are currently occupied.
The offering includes five duplexes sold together: 1702, 1703, 1706, 1707, and 1708 Birchwood Drive. Each property is configured with two-bedroom, one-bathroom units, for a total of 10 units across the package. The properties are located in Wilson, North Carolina.
The offering includes five duplexes sold together: 1702, 1703, 1706, 1707, and 1708 Birchwood Drive. Each property is configured with two-bedroom, one-bathroom units, for a total of 10 units across the package. The properties are located in Wilson, North Carolina.
Key Highlights
- Five duplexes offered together as one package
- Subject property: 1708 Birchwood Drive SE, Wilson, NC 27893
- Each duplex contains two 2BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,839
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,780
$336.8K
Cap Rate 7%
$240,557
$240.6K
Cap Rate 9%
$187,100
$187.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$26.0K $12.60/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$24.1K $11.66/SF
− OpEx
−$7.2K −$3.50/SF
NOI
$16.8K $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%
$336,780
Cap Rate 7%
$240,557
Cap Rate 9%
$187,100
Alternative Uses
Best Use
Multifamily LT 5
$240.6K
$210.5K – $280.7K
NOI $16,839 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$222.6K
$194.8K – $259.7K
NOI $15,583 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$495.4K
$433.5K – $578.0K
NOI $34,677 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
159
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit property offered within a five-duplex package, with both units currently occupied.
Where is this duplex located?
The property is located at 1708 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 duplexes offered together as one package; Subject property: 1708 Birchwood Drive SE, Wilson, NC 27893; Each duplex contains two 2BR/1BA units
