Duplex with Detached
For Sale
$259,900
401 Claredon Street, Orangeburg, SC 29115
MULTI-FAMILY, Orangeburg, SC
Property Size2,816 SF
Lot Size0.50 Acres
Price / SF$92.29
Days on Market66
Property Features for 401 Claredon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2
Parking
10
Parking features
Assigned
Elementary school
Whittaker
Middle school
Robert E Howard
High school
Orangeburg-Wilkinson
Elementary school district
Orangeburg Five
Middle school district
Orangeburg Five
High school district
Orangeburg Five
Directions
I-26 to exit 149 to address
Subdivision
Orangeburg County
Standard status
Active
Size
2,816 SF
Lot size
0.50 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
7
Listing Agency:
NorthGroup Real Estate LLC
(843) 999-0119
Listed By:
Alecia Bryant
(843) 999-0119
Added: Jun 22
Changed: Aug 19
Last Checked: Aug 26 at 9:06PM
MLS# 638327
Copyright © 2026 Consolidated MLS, SC. 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.
Duplex property on a 0.5-acre lot in Orangeburg, SC featuring two separate residences on one parcel. The main home offers 5 bedrooms and 5 bathrooms, with extensive updates including new roofs, new HVAC systems, updated flooring, renovated bathrooms, and an updated kitchen with abundant cabinetry, generous counter space, and a large island open to the living and dining areas. Five bedrooms each have a private bath, and an unfinished attic provides additional storage or future expansion. A detached 2BR/2BA cottage includes its own full kitchen, living area, private entrance, and two full baths.
The property includes central heating and central air conditioning, public water service, and assigned parking. Built in 1930, the home layout includes multiple bathroom and bedroom areas listed in the room details.
The combination of two separate homes on one parcel supports flexible living and rental arrangements, including options where one residence can be used while the other is rented.
The property includes central heating and central air conditioning, public water service, and assigned parking. Built in 1930, the home layout includes multiple bathroom and bedroom areas listed in the room details.
The combination of two separate homes on one parcel supports flexible living and rental arrangements, including options where one residence can be used while the other is rented.
Key Highlights
- Two residences on one parcel: 5BR/5BA main home plus detached 2BR/2BA cottage
- Main home updates include new roofs, new HVAC systems, updated flooring, and renovated bathrooms
- Updated kitchen with abundant cabinetry, generous counter space, and large island open to living and dining
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
$10,046
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
3.87%
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%
$200,920
$200.9K
Cap Rate 7%
$143,514
$143.5K
Cap Rate 9%
$111,622
$111.6K
Market Conditions
NOI Build-Up for 2,816 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
$23.7K $8.40/SF
− Vacancy
−$5.4K −$1.91/SF
EGI
$18.3K $6.49/SF
− OpEx
−$8.2K −$2.92/SF
NOI
$10.0K $3.57/SF
Area
Orangeburg County, SC
Vacancy
22.78%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
45.00%
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%
$200,920
Cap Rate 7%
$143,514
Cap Rate 9%
$111,622
Alternative Uses
Best Use
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,046 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.0K
$357.0K – $476.0K
NOI $28,558 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
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?
Multifamily property - Duplex on one parcel with a detached 2BR/2BA cottage and an updated main home with central HVAC.
Where is this multifamily property located?
The property is located at 401 Claredon Street Orangeburg, SC.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two residences on one parcel: 5BR/5BA main home plus detached 2BR/2BA cottage; Main home updates include new roofs, new HVAC systems, updated flooring, and renovated bathrooms; Updated kitchen with abundant cabinetry, generous counter space, and large island open to living and dining
