- 62 beds
- 30 baths
- 24,915 sqft
- ~4 acre lot
- $112 per sqft
- 1981 build
- – on site
1601 Snowden Drive Multi-Family Portfolio | Wilson, NC | 30 Units Offered for Sale | $2,800,000 Full Portfolio Flexible Purchase Options: Full Portfolio (30 Units): $2,800,000 Group 1 (10 Units): $975,000 Group 2 (20 Units): $1,875,000 Investment Highlights: Presenting an exceptional investment opportunity to acquire a 30-unit multi-family portfolio in the thriving city of Wilson, NC. This well-maintained portfolio consists of 15 duplex buildings (14 x 2-bed/1-bath units and 1 x 3-bed/1-bath unit), strategically located in a prime rental corridor with strong tenant demand. 25 of 30 units fully renovated within the past 5 years, featuring modern finishes and improved market appeal. Ample parking for residents and visitors. Gross monthly rent roll: $21,850 with projections of $25,000 to $28,000/month within 1-2 years. Stable occupancy with room for rent growth and operational efficiencies. Professional property management in place. Low operating expenses compared to market averages. Proximity to major employers, retail, and essential services. No seller financing. Cash or conventional financing buyers only. Market Overview: Wilson, NC is rapidly emerging as the manufacturing hub of Eastern North Carolina, attracting job growth, population influx, and rental demand. This portfolio is strategically positioned to capitalize on the area's economic expansion, providing investors with consistent cash flow and long-term value appreciation. Investor Appeal: Perfect for institutional investors, private equity groups, syndicators, and high-net-worth individuals
Last checked:
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Last updated Jun 13, 2025
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MLS# 10065122 —
The Building
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Year Built:1981
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New Construction:false
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Construction Materials:Brick
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Architectural Style:Ranch
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Roof:Asphalt
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Foundation Details:Slab
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Levels:One
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Basement:false
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Building Area Total:24915
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Building Area Units:Square Feet
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# of Units Total:30
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Above Grade Finished Area:24915
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Flooring:Carpet
Room Dimensions
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Living Area:24915
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Living Area Units:Square Feet
Location
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Directions:Take Raleigh Rd Pkwy N to NC-42 E/NC-58 Business S/Ward Blvd, Continue onto NC-42 E/NC-58 Business S/Ward Blvd, Continue on NC-58 Business S/Ward Blvd to US-301 S, Turn right onto US-301 S, Continue on Singletary St SE. Take Stantonsburg Cir SE to Snowden Dr SE
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Latitude:35.70571
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Longitude:-77.899821
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Coordinates:-77.899821, 35.70571
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:3721636509.000
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Lot Size Acres:3.7
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Lot Size Area:3.7
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Lot Size SqFt:161172
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Lot Size Units:Acres
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (919) 394-2092
- Office phone:
- (919) 348-2585
Taxes
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Tax Annual Amount:19261
Beds
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Bedrooms Total:62
Baths
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Total Baths:30
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Total Baths:30
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Total Baths:30
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Full Baths:30
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Wilson - B O Barnes
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Middle Or Junior School:Wilson - Charles H Darden
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High School:Wilson - Beddingfield
The Community
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Subdivision Name:Springfield
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Pool Private:false
Parking
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Attached Garage:false
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Parking Features:Concrete
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Open Parking:true
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Open Parking Spaces:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/20/25
May 20, 2025
|
Price Changed | DMLS | $2,800,000 | -3.3% |
1/6/25
Jan 6, 2025
|
Price Changed | DMLS | $2,895,000 | -3.3% |
12/2/24
Dec 2, 2024
|
Price Changed | DMLS | $2,995,000 | -0.2% |