New Construction
For Sale
$319,000
Pending
637 Walnut Dr Unit A & B, Jacksonville, NC 28540
Matching units offer private access and a covered front porch for each residence.
Property Size1,654 SF
Days on Market140
Property Features for 637 Walnut Dr Unit A & B
General Information
Standard status
Pending
Size
1,654 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
separate entrances
covered front porch
Building Details
Year Built
2026
Listing Agency:
Simply Sold Realty
Listed By:
Priscilla Mae Parrott · License #316327
(920) 427-0852
Source:
Yournorthcarolinahomesource
Added: Jun 3
Changed: Oct 1
Last Checked: Oct 19 at 7:05AM
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 Simply Sold Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is identified as new construction with a 2026 year built. The property contains two matching residences, each arranged with two bedrooms and one bathroom. Separate entrances provide distinct access for the units, while covered front porches add an outdoor entry feature. Mirror-image layouts create a consistent configuration across both sides of the building.
The property is located at 637 Walnut Dr, Unit A & B, in Jacksonville, North Carolina. Its two-unit design supports an owner-occupancy arrangement with a separate residence, or use as a two-unit residential income property, as described in the listing information. Rendered colors and finishes may differ from the completed construction.
The property is located at 637 Walnut Dr, Unit A & B, in Jacksonville, North Carolina. Its two-unit design supports an owner-occupancy arrangement with a separate residence, or use as a two-unit residential income property, as described in the listing information. Rendered colors and finishes may differ from the completed construction.
Key Highlights
- Two‑unit duplex with matching mirror‑image layouts
- Each unit includes 2 bedrooms and 1 bathroom
- Separate entrances provide distinct access to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,542
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,840
$330.8K
Cap Rate 7%
$236,314
$236.3K
Cap Rate 9%
$183,800
$183.8K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$24.8K $15.00/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$23.6K $14.29/SF
− OpEx
−$7.1K −$4.29/SF
NOI
$16.5K $10.00/SF
Area
Onslow County, NC
Vacancy
4.75%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,840
Cap Rate 7%
$236,314
Cap Rate 9%
$183,800
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Matching units offer private access and a covered front porch for each residence.
Where is this duplex located?
The property is located at 637 Walnut Dr Unit A & B 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: Two‑unit duplex with matching mirror‑image layouts; Each unit includes 2 bedrooms and 1 bathroom; Separate entrances provide distinct access to each unit
