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    1532 Colleton Ave SE Aiken, SC 29801

    View on Map
    Sponsored
    For Sale
    Pending
    $305,000

    MULTI_FAMILY - Aiken, SC

    Property size:
    2,708 SF
    Lot size:
    0.16 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 8 at 5:06 am

    Property Features for 1532 Colleton Ave SE

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Window features
    Window Coverings
    APN
    1211111011
    Parking features
    Driveway, Off Street
    Patio and Porch features
    Porch
    Pets allowed
    Cats OK, Dogs OK, Call
    Interior features
    Bedroom on 1st Floor, Cable Available, Ceiling Fan(s), Primary Downstairs, High Speed Internet
    Basement
    Crawl Space
    Size
    2,708 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Gas (Cooling), Central Air
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Asbestos, Drywall, Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michelle Johanson

    RE/MAX Tattersall Group (803) 226-0036

    Listing agent Michelle Johanson (803) 226-0036

    Listing date Feb 27, 2026

    MLS# 219036 Listing URL

    Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex in Prime Location

    This renovated duplex, located in Aiken, South Carolina, offers two units at 1532 & 1530 Colleton Ave with tenants in place (negotiable) and consistent rental income. The property is situated minutes from downtown Aiken, shopping, restaurants, the horse district, Hitchcock Woods, Bruce's Field, Steeplechase Park, and the farmer's market. The primary lower unit leases for $1,400 per month, and the upper unit for $1,250 per month. The 2708 square foot duplex features six bedrooms and two full baths. Recent updates include a new roof in 2023, energy-efficient windows, and multiple interior updates planned for 2025, including refinished hardwood floors, electrical, plumbing, lighting, flooring, paint, tiled countertops, shower surround, and appliances. The 0.16-acre property offers the option for someone to live in one unit and rent the other, or use one space as an office or studio. The structure could easily be converted back to a single-family residence as well, offering versatile use as an investment property or for supplemental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.700967
    Latitude
    33.549869

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    FAQs

    What type of property is this?
    Duplex - Charming, renovated duplex near downtown Aiken with income potential.
    Where is this duplex located?
    The property is located at 1532 Colleton Ave SE Aiken, SC.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: - Significant Price Reduction: $20,000 below appraised value.; - Prime Aiken Location: Minutes from downtown, shopping, restaurants, horse district, Hitchcock Woods, Bruce's Field, and Steeplechase Park.; - Consistent Rental Income: Two units currently leased for a combined $2,650/month.
    (803) 474-0776
    Request Owner's contact information
    1532 Colleton Ave SE Aiken, SC 29801
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    Aiken, SC 29801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1532 Colleton Ave SE Aiken, SC 29801
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    We can help!
    Listing Contact
    Michelle Johanson
    Real Estate License ID: 119227
    (803) 474-0776 (803) 226-0036
    Learn more
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