$680,000
170 Loop Rd, Burgaw, NC 28425
Two Homes on 2 Acres — Income-Producing Burgaw Compound
3 Bed · 1.5 Bath · 2,008 Sq Ft
Dual-dwelling package with immediate rent income and development flexibility
3
Beds
1.5
Baths
2,008
Sq Ft
1975
Built
2.0 acres
Lot
No attached garage; surface parking
Garage
About 170 Loop Rd
This offering is a rare opportunity in the Burgaw market: two deeded parcels sold as a package on roughly 2.0 acres, featuring a well-maintained stick-built family home plus a spacious 3BR/2BA double-wide manufactured home. Both units are currently rented, providing immediate cash flow, and the property benefits from significant road frontage and a recorded easement that increases access and future flexibility. The combined living area is reported as 2,008 sqft and the site gives you the privacy of a rural setting without sacrificing proximity to Burgaw’s services.
Inside the primary residence you’ll find practical, comfortable living spaces laid out for everyday family use; the manufactured home on-site offers full 3-bedroom accommodation and separate utilities as documented. Together, the two residences create a unique multi-generational compound, an income-producing asset for investors, or a property with options to repurpose over time. Systems and interior finishes vary between the two dwellings — the listing reflects overall good condition, but buyers should confirm mechanicals and roof conditions during inspection.
For an investor, this asset delivers near-term revenue while preserving optionality: the two deeded lots and road frontage create pathways for accessory buildings, potential lot sales, or long-term subdivision subject to county approvals. For a family buyer, the setup allows extended family or rental income to offset ownership costs. Please respect tenant occupancy — showings are by appointment only and coordinated through listing agent Melissa Murray.
Schedule a viewing to evaluate the income potential and larger site possibilities. Financials, rent roll and lease documentation are available upon request with proof of funds or pre-qualification.
Home Highlights
Property Features
Interior Features
- Stick-built main residence
- 3BR/2BA double-wide manufactured home included
- Combined living area: 2,008 sqft
- Functional floorplans suitable for renters or family use
- Separate living quarters allowing multi-generational use
Exterior & Lot
- Approximately 2.0 acres (87,120 sqft)
- Significant state road frontage
- Recorded easement for improved access
- Surface parking (driveway), room for outbuildings
- Privately set with rural character
Location & Neighborhood
- Located near Burgaw town services (2–5 miles)
- Commutable to Wilmington (regional jobs and coast)
- Rural residential and agricultural surroundings
- Quiet neighborhood with larger lots and privacy
Walkability & Recreation
- Walkability Rating: 25/100
- Nearby green spaces and rural trails for outdoor activity
- Short drive to Burgaw's small-town amenities and community events
Neighborhood & Location
The Loop Road area west of downtown Burgaw is primarily rural-residential with a mix of older single-family homes, manufactured homes, small farms and undeveloped parcels. Burgaw offers essential services, local dining, and a small-town civic life. The area attracts buyers looking for larger lots, privacy, and an affordable alternative to Wilmington while remaining within a reasonable commute to coastal amenities.
Market Insights
Burgaw sits within Pender County and the Wilmington MSA, a market that has seen above-average growth over the past five years but which has cooled toward a more balanced state since 2023. Typical single-family medians in the broader area are well below this listing’s price because this is a specialized offering: acreage plus two residences. Buyers should expect a mix of owner-occupants and small investors in this neighborhood. Inventory in rural Pender County tends to be modest; unique multi-structure properties often command a premium. Average days on market locally are longer than denser Wilmington suburbs, so price discovery can take longer, but this property’s income stream and 2-acre footprint support the current list anchor of $680k.
Nearby Schools
Burgaw Elementary School
Elementary · 2-4 mi
Burgaw Middle School
Middle · 2-4 mi
Pender High School
High · 3-5 mi
Walkability & Recreation
Rural access to local trails, small parks in Burgaw, and a short drive to coastal recreation near Wilmington.
Investment Highlights
- Two income-producing dwellings included in one sale — immediate cash flow
- Approximately 2.0 acres with significant road frontage and recorded easement
- Dual deeded lots provide flexibility for family compound or future development
- Offered near AVM ($678k) with a clear premium attributable to multi-unit setup
Key Findings
- List price: $680,000 (AVM $678,255)
- Total reported living area: 2,008 sqft; lot size: 87,120 sqft (~2.0 acres)
- Two separate residences: stick-built single-family + 3BR/2BA double-wide
- Tenant-occupied — do not disturb tenants; showings by appointment
- Recorded easement and state road frontage increase site utility and access
Things to Consider
- Utilities and septic/water arrangement not explicitly documented — verify
- No garage and limited parking — verify parking capacity for tenants
- Tenant-occupied status limits immediate physical inspection — coordinate showings
- Zoning specifics and potential subdivision constraints require county confirmation
Opportunity Analysis
Acquire a multi-dwelling rural parcel with immediate rental income and optional long-term value creation through hold, modest capital improvements, or potential subdivision/lot resale subject to county approvals.
Potential Use Scenarios
- Secure rent roll and verify tenant lease expirations; model net operating income to support financing.
- Perform a targeted capital improvement budget (cosmetic updates, systems) to lift rents and NOI.
- Confirm zoning and potential to subdivide or add accessory dwelling units if desired.
- Consider a 1031 exchange or add to a small rental portfolio; conservative cap rate assumptions recommended given rural location.
Risk Factors
- Unknown utility infrastructure (septic/well) could require capital outlay.
- Tenant leases may limit immediate repositioning or owner-occupancy flexibility.
- Rural markets can have longer marketing times for vacant repositioning or resale.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$645K
Midpoint
$678K
High
$710K
$338.7/SF estimated price per square foot
Estimate anchored to list price ($680,000) and AVM ($678,255). Range adjusted for dual-dwelling income value, 2.0 acres of land, and rural Burgaw market dynamics. No live comparable sales search performed.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Pender County has seen steady population growth over the last decade as Wilmington-area commuters search for lower-cost housing; slower growth since 2023 but still positive long-term trends.
Nearby Points of Interest
- Historic Burgaw downtown (approx 2–4 mi)
- US-117 corridor / Wilmington access (approx 15–25 mi)
Rural setting outside Burgaw with quick access to Burgaw's town services, local shops and restaurants; commutable to Wilmington for regional employment and coastal recreation.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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