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
For sale
Price cut: $95K (5/20)
$2,800,000
1601 Snowden Dr SE, Wilson, NC 27893
62beds
24,915sqft
Est.:
Duplex, Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
Modern finishesAmple parking
- 230 days
- on Zillow |
- 816 |
- 50 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 09:31am
Listed by:
Duke Cox 919-394-2092,
Real Broker, LLC
Source: Doorify MLS,MLS#: 10065122

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 62
- Bathrooms: 30
- Full bathrooms: 30
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 24,915
- Total interior livable area: 24,915 sqft
- Finished area above ground: 24,915
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Concrete, No Garage, Parking Pad
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Has view: Yes
Lot
- Size: 3.7 Acres
Details
- Parcel number: 3721636509.000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Springfield
Location
- Region: Wilson
Financial & listing details
- Price per square foot: $112/sqft
- Annual tax amount: $19,261
- Date on market: 11/26/2024
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