Two-Unit 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 Market331
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 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 1, 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
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: Aug 19
Last Checked: Aug 21 at 6:06PM
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 2BR/1BA duplex offers two total units, with 4BR/2BA combined across the property. The listing notes the duplex is part of a larger investment opportunity in which five duplexes are being sold as one package. Each unit is currently occupied.
The property is located in Wilson, North Carolina (27893). The listing specifies the duplex was built in 1983, and the lot size is listed as 0.21 acres. Photos are attached for the property.
For buyers evaluating the package, this duplex is identified as 1708 Birchwood Drive SE, Wilson, NC 27893, and is included with the other four Birchwood Drive duplexes noted in the remarks.
The property is located in Wilson, North Carolina (27893). The listing specifies the duplex was built in 1983, and the lot size is listed as 0.21 acres. Photos are attached for the property.
For buyers evaluating the package, this duplex is identified as 1708 Birchwood Drive SE, Wilson, NC 27893, and is included with the other four Birchwood Drive duplexes noted in the remarks.
Key Highlights
- Part of a 5‑duplex package being sold together; each duplex has 2BR/1BA (4BR/2BA total across both units).
- Both units are currently occupied.
- Built in 1982; construction materials include brick and wood frame.
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
Property Profile
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied 2BR/1BA duplex with separate units, offered as part of a five-duplex package sale.
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: Part of a 5‑duplex package being sold together; each duplex has 2BR/1BA (4BR/2BA total across both units).; Both units are currently occupied.; Built in 1982; construction materials include brick and wood frame.
