Renovated Quadplex in Prime
401 S Cherry Street Seneca, SC 29678
For Sale
$749,000
MULTI_FAMILY - Other - Seneca, SC
Property Size3,740 SF
Lot Size0.50 Acres
Price / SF$200.27
Days on Market75
Property Features for 401 S Cherry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Appliances
- Dishwasher, Microwave, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 520-41-01-001
- Size
- 3,740 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Clardy Real Estate - Lake Keowee
(864) 882-4864
Listed By:
Cliff Stoltzfus · License #113107
(864) 985-3123
Added: May 13
Changed: Jul 18
Last Checked: Jul 26 at 4:06AM
MLS# 20301236
Copyright © 2026 Western Upstate 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.
Investment Insights
Based on property information with market context.
This newly renovated quadplex is conveniently located just minutes from downtown and Ram Cat Alley. Each of the four units features 2 bedrooms and 1 bathroom. The functional layout includes a living room, updated kitchen, and newly renovated tile bathroom. All kitchen appliances are included. Units also offer washer and dryer hookups, individual heating and air systems, and modern finishes. Two units are currently occupied. The two available units have the potential to generate $1,200 per month each. The property combines updated interiors with a desirable location near dining, shopping, entertainment, and major employers. It offers strong rental potential with separately controlled utilities and turnkey improvements already completed. The property is situated on a 0.5-acre lot and the building size is 3740 square feet.
Key Highlights
- Quadplex built in 1968 with brick construction and public water and public sewer.
- Each unit has 2 bedrooms and 1 bathroom with a living room and updated kitchen.
- Newly renovated tile bathroom finishes and kitchen appliances included: dishwasher, microwave, oven, range, and refrigerator.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $13.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $48.8k | $13.04 |
| − OpEx | −$14.6k | −$3.91 |
| NOI | $34.1k | $9.13 |
3,740 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$487.7K
$426.8K – $569.0K
NOI $34,141 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$437.9K
$383.2K – $510.9K
NOI $30,655 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$938.8K
$821.5K – $1.10M
NOI $65,719 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newly renovated quadplex near downtown Seneca with income potential.
Where is this quadplex located?
The property is located at 401 S Cherry Street Seneca, SC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Quadplex built in 1968 with brick construction and public water and public sewer.; Each unit has 2 bedrooms and 1 bathroom with a living room and updated kitchen.; Newly renovated tile bathroom finishes and kitchen appliances included: dishwasher, microwave, oven, range, and refrigerator.
