New Construction Duplex
New
For Sale
$319,000
Pending
637 Walnut Drive, Jacksonville, NC 28540
MULTI_FAMILY - Jacksonville, NC
Property Size1,654 SF
Lot Size0.24 Acres
Days on Market3
Property Features for 637 Walnut Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R-10
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Interior features
Wash/Dry Connect, Ceiling Fan(s)
Subdivision
Kenwood Extension
Elementary school
Meadow View
Middle school
Southwest
High school
Southwest
High school district
Onslow
Directions
From Pony Farm Rd turn onto Fire Tower Rd. Take a left on Walnut Drive and property is on your right.
Standard status
Pending
APN
314-66
Size
1,654 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L18 KENWOOD EXT
Tax Annual Amount
210
Legal Description
L18 KENWOOD EXT
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Simply Sold Realty
(920) 427-0852
Listed By:
Priscilla Mae Parrott · License #316327
(920) 427-0852
Added: Jul 28
Last Checked: Jul 30 at 7:06PM
MLS# 100591964
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 new construction duplex includes two mirror-image units, each featuring 2 bedrooms and 1 bathroom with a functional, well-designed layout. Both sides have separate entrances and a covered front porch.
The property is located in Jacksonville, North Carolina, in Onslow County, and is listed under R-10 zoning. The parcel is 0.24 acres, with a total property size of 1,654 square feet.
With independent entry and matching unit layouts, the duplex offers a straightforward configuration for residential rental or owner-occupancy where desired. Rendering colors and finishes may vary from final construction.
The property is located in Jacksonville, North Carolina, in Onslow County, and is listed under R-10 zoning. The parcel is 0.24 acres, with a total property size of 1,654 square feet.
With independent entry and matching unit layouts, the duplex offers a straightforward configuration for residential rental or owner-occupancy where desired. Rendering colors and finishes may vary from final construction.
Key Highlights
- New construction duplex under construction, YearBuilt 2026
- Each unit offers 2 bedrooms and 1 bathroom with a functional layout
- Separate entrances and a covered front porch for added privacy
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 | $24.8k | $15.00 |
| − Vacancy | −$1.2k | −$0.71 |
| EGI | $23.6k | $14.29 |
| − OpEx | −$7.1k | −$4.29 |
| NOI | $16.5k | $10.00 |
1,654 SF · lease $15.00/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,542 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$214.8K
$188.0K – $250.6K
NOI $15,037 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$359.3K
$314.4K – $419.2K
NOI $25,151 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
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 - New construction duplex with separate entrances and two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 637 Walnut Drive Jacksonville, NC.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: New construction duplex under construction, YearBuilt 2026; Each unit offers 2 bedrooms and 1 bathroom with a functional layout; Separate entrances and a covered front porch for added privacy
