Quadplex with Detached
For Sale
$386,000
Pending
308 Belvedere Clearwater Road, North Augusta, SC 29841
Residential Income, North Augusta, SC
Property Size3,095 SF
Lot Size0.33 Acres
Days on Market174
Property Features for 308 Belvedere Clearwater Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
multi
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 5
Parking
4
Fencing
Chain Link
Fireplace
1
Subdivision
Heritage
Elementary school
Belvedere
Middle school
Paul Knox
High school
North Augusta
Directions
From Georgia Avenue in downtown North Augusta, head north for about 2.5miles. Then turn right onto Belvedere Clearwater Road 9SC-126 E) and continue for about 1.2 miles. 308 Belvedere Clearwater Road will be on your right. On the corner of Belvedere Clearwater and Verdery. It is tucked back behind some tress.
Standard status
Pending
APN
0120607008
Size
3,095 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
01206070008
Legal Description
01206070008
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Multi Units, Window Unit(s)
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
4
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Meybohm Commercial Properties
(706) 736-0700
Listed By:
Danielle Meikrantz · License #401159
(706) 284-8359
Added: Mar 18
Changed: Sep 5
Last Checked: Sep 7 at 1:06PM
MLS# 98254184
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex comprises a duplex at 308 Belvedere Clearwater Road and two detached rental units at 312 and 314 Verdery Street. The four units total 3,095 square feet and are currently 100% occupied. The duplex includes two-bedroom, one-bath and three-bedroom, two-bath units; the property’s full unit mix totals seven bedrooms and five bathrooms. One detached unit is furnished. Recent work to the duplex includes bathroom updates, mini-split HVAC systems, and interior improvements.
The property occupies a 0.33-acre shaded lot in North Augusta with multiple access points and off-street parking. Tenants pay their own utilities except for water and landscaping, which are covered by ownership. Public water and sewer serve the property. Additional physical features include wood siding, a composition roof, electric heat, wall and window cooling units, chain-link fencing, and a fireplace. Built in 1965, the property is zoned multi.
The property occupies a 0.33-acre shaded lot in North Augusta with multiple access points and off-street parking. Tenants pay their own utilities except for water and landscaping, which are covered by ownership. Public water and sewer serve the property. Additional physical features include wood siding, a composition roof, electric heat, wall and window cooling units, chain-link fencing, and a fireplace. Built in 1965, the property is zoned multi.
Key Highlights
- Four‑unit property with 100% occupancy
- 3,095 square feet on 0.33 acres
- Duplex at 308 Belvedere Clearwater Road plus detached units at 312 and 314 Verdery Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,200
$562.2K
Cap Rate 7%
$401,571
$401.6K
Cap Rate 9%
$312,333
$312.3K
Market Conditions
NOI Build-Up for 3,095 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.7K $13.80/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$40.2K $12.97/SF
− OpEx
−$12.0K −$3.89/SF
NOI
$28.1K $9.08/SF
Area
Aiken County, SC
Vacancy
5.98%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,200
Cap Rate 7%
$401,571
Cap Rate 9%
$312,333
Alternative Uses
Best Use
Multifamily LT 5
$401.6K
$351.4K – $468.5K
NOI $28,110 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$350.0K
$306.2K – $408.3K
NOI $24,499 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$596.6K
$522.0K – $696.0K
NOI $41,760 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied rentals include a duplex and two separately addressed units on one parcel.
Where is this quadplex located?
The property is located at 308 Belvedere Clearwater Road North Augusta, SC.
What is the asking price?
The asking price for this property is $386,000.
What are key features of this property?
This property features: Four‑unit property with 100% occupancy; 3,095 square feet on 0.33 acres; Duplex at 308 Belvedere Clearwater Road plus detached units at 312 and 314 Verdery Street
