Occupied Duplex
For Sale
$185,000
1708 Birchwood Drive SE, Wilson, NC 27893
Residential Income, Wilson, NC
Property Size2,064 SF
Lot Size0.21 Acres
Price / SF$89.63
Days on Market355
Property Features for 1708 Birchwood Drive SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MultiFam/Resid
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking features
Off Street
Subdivision
Not In Subdivision
Elementary school
Barnes
Middle school
Darden
High school
Beddingfield
Directions
Ward Blvd. to Stantonsburg Circle, become Stantonsburg Road, turn left onto Snowden Dr., right onto Birchwood Dr., properties on the left and right. No signs.
Standard status
Active
APN
3721-73-1348.000
Size
2,064 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1708 BIRCHWOOD DR SE L23S2 SPRINGFIELD 1.00LT
Tax Annual Amount
1633
Legal Description
1708 BIRCHWOOD DR SE L23S2 SPRINGFIELD 1.00LT
Utilities
Heating system
Electric (Heating), Forced Air
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: Sep 12
Last Checked: Sep 14 at 9:06AM
MLS# 100532565
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 duplex property contains two 2BR/1BA units, providing four bedrooms and two bathrooms in approximately 2,064 square feet. The building sits on 0.21 acres and is currently occupied. Construction includes brick and wood-frame components, with central air, forced-air electric heating, a composition roof, public water, and off-street parking.
The property is located at 1708 Birchwood Drive SE in Wilson, North Carolina, and is included in a package of five duplexes offered together. The other package addresses are 1702, 1703, 1706, and 1707 Birchwood Drive. All units in the package are described as occupied, creating a consistently residential portfolio across the five properties. Zoning is MultiFam/Resid.
The property is located at 1708 Birchwood Drive SE in Wilson, North Carolina, and is included in a package of five duplexes offered together. The other package addresses are 1702, 1703, 1706, and 1707 Birchwood Drive. All units in the package are described as occupied, creating a consistently residential portfolio across the five properties. Zoning is MultiFam/Resid.
Key Highlights
- Two 2BR/1BA units with 4BR/2BA total
- 2,064 square feet on a 0.21‑acre lot
- Included in a five‑duplex package
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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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Open Analytics
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 residential units offer a practical income-producing configuration within a five-duplex package.
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: Two 2BR/1BA units with 4BR/2BA total; 2,064 square feet on a 0.21‑acre lot; Included in a five‑duplex package
